Wednesday, February 23, 2011

Sensex moves into the green

After a negative start, the Sensex has moved into the positive with the index gaining 35 points at 18,331 and the Nifty added 12 points at 5,482.In the broader markets, the situation is better with the smallcap index up 0.7% and the midcap index gaining 0.3%, both outperforming the Sensex which is up 0.1%

Among the sectoral indices, Realty up 1% is the top gainer in the morning trades followed by Auto, Power and Metal. Meanwhile, IT index down 1% is the major loser. Consumer Durables, Bankex, Health Care and FMCG are the other sectors trading in the negative.

Reliance Infrastructure up 9% is the top gainer among the Sensex stocks. HDFC, Sterlite, Reliance Communications, Tata Motors, Hero Honda, Bharti Airtel gaining 1% -2% are the other noteable gainers.

Infosys, SBI down 1% each, Wipro, TCS, BHEL,Bajaj Auto losing between 0.5% - 0.7% are the top losers in the morning trades.

The market breadth is positive. Of the total 2391 stocks traded on the BSE, 1435 stocks have advanced while 866 have declined.

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