Wednesday 31 December 2014

The Market 0.2% Strong, Auto Shares Slip - Ways2Capital

Posted by Ways2Capital on Wednesday, December 31, 2014 with No comments

The market is now trading with mild gains and the Sensex, Nifty are trading 0.2 percent up. Nifty is 30 points back from 8300 key level and Sensex is seen at the level of 27466. Midcap and smallcap stocks have risen sharply and are up 0.55 percent.

The BSE 30-share Sensex index 62.85 points with 0.23 percent is trading at 27466. The NSE leading index Nifty 50 stocks rose 22.35 points, i.e 0.37 percent, is trading at 8270's level.

Except auto sector, all other stocks in the market are trading in green and Power shares are trading up nearly 1 percent. Capital goods stocks up 0.66 percent and metal stocks 0.45 percent up. Technology stocks have now come up after recovering from a fall and a slight rise in banking shares.

The market giant shares like IndusInd Bank 1.57 percent, BHEL 1.45 percent and Cairn India are trading with a gain of 1.26 percent. Hindalco 1.18 percent, Dr Reddy's 1.14 percent and GAIL is 1.12 percent up. Power Grid is up 1.09 percent. Axis Bank and ICICI Bank rose nearly 1 percent.

In falling heavyweight stocks like M&M 1.82 percent HCL broken 1.12 percent. Jindal Steel 0.86 percent and BPCL weakened 0.83 percent. Bajaj Auto 0.56 percent and HDFC Bank 0.8 percent are trading with lethargy.

In BSE Midcap BEML, Tilak Finance, Amtek India, KEC International, Religare International are 8.33 to 5.58 percent strong and falling mid-cap stocks like PMC Fincorp, Hind Net Glass, NCC, Aarti Industries and Bombay Rayon 5 to 1.98 percent weak.

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