The BSE Mid-cap Index is trading up 0.52% at 10,581, whereas BSE Small-cap Index is trading up 0.66% at 11,044.
At 9:27 AM, the S&P BSE Sensex is trading at 27,336 up 130 points, while NSE Nifty is trading at 8,264 up 39 points.
The BSE Mid-cap Index is trading up 0.52% at 10,581, whereas BSE Small-cap Index is trading up 0.66% at 11,044.
Some buying activity is seen in banking, auto, IT and capital goods sectors, while pharma and metals sector are showing weakness on BSE.
Vedanta, NTPC, Bharti Airtel, SBI, M&M and Bhel are among the gainers, whereas Tata Steel, Sun Pharma, Coal India and Cipla are losing sheen on BSE.
The Circumstances refuse to really change in the market as the main indices flattened to deceive the bears this time and closed with minimal losses on Thursday. Concerns over a delay in passage of reform-centric legislative proposals have kept the investors on the backfoot. The FM has expressed disappointment over the delay in passing the legislation on GST, stating that the Congress' stand was "disappointing for the country."
Meanwhile, foreign brokerages too have mixed opinion on where the Indian market is headed. While those with a bullish view on the country said stock valuations have become attractive after the recent fall, the pessimists are worried about foreign investors' heavy exposure to local stocks, says a report. On the macro front, the annual rate of inflation, based on monthly WPI, remained in negative zone and stood at -2.65% (provisional) for the month of April, 2015.
Tata Steel could crash on reports that it will take a $785 mln non-cash writedown in Q4. The main indices could see some green at start but the Nifty is struggling to cross the 8300 mark. The action is likely to shift to a host of side counters in the mid-cap and small cap space which have seen a sell-off in recent weeks. Global cues are mildly positive for now.
The Dow rose 1.06%, Nasdaq added 1.39% and S&P 500 was up 1.08%. Asian markets are also in the green with Japan's Nikkei, Hong Kong's Hang Seng index and China's Shanghai clocking some gains.
Motherson Sumi Systems could be in action as it is doing a due diligence on three auto component makers in Europe for possible acquisitions, its chairman Vivek Chand Sehgal was quoted as saying.
At 9:27 AM, the S&P BSE Sensex is trading at 27,336 up 130 points, while NSE Nifty is trading at 8,264 up 39 points.
The BSE Mid-cap Index is trading up 0.52% at 10,581, whereas BSE Small-cap Index is trading up 0.66% at 11,044.
Some buying activity is seen in banking, auto, IT and capital goods sectors, while pharma and metals sector are showing weakness on BSE.
Vedanta, NTPC, Bharti Airtel, SBI, M&M and Bhel are among the gainers, whereas Tata Steel, Sun Pharma, Coal India and Cipla are losing sheen on BSE.
The Circumstances refuse to really change in the market as the main indices flattened to deceive the bears this time and closed with minimal losses on Thursday. Concerns over a delay in passage of reform-centric legislative proposals have kept the investors on the backfoot. The FM has expressed disappointment over the delay in passing the legislation on GST, stating that the Congress' stand was "disappointing for the country."
Meanwhile, foreign brokerages too have mixed opinion on where the Indian market is headed. While those with a bullish view on the country said stock valuations have become attractive after the recent fall, the pessimists are worried about foreign investors' heavy exposure to local stocks, says a report. On the macro front, the annual rate of inflation, based on monthly WPI, remained in negative zone and stood at -2.65% (provisional) for the month of April, 2015.
Tata Steel could crash on reports that it will take a $785 mln non-cash writedown in Q4. The main indices could see some green at start but the Nifty is struggling to cross the 8300 mark. The action is likely to shift to a host of side counters in the mid-cap and small cap space which have seen a sell-off in recent weeks. Global cues are mildly positive for now.
The Dow rose 1.06%, Nasdaq added 1.39% and S&P 500 was up 1.08%. Asian markets are also in the green with Japan's Nikkei, Hong Kong's Hang Seng index and China's Shanghai clocking some gains.
Motherson Sumi Systems could be in action as it is doing a due diligence on three auto component makers in Europe for possible acquisitions, its chairman Vivek Chand Sehgal was quoted as saying.
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