updates

Markets extend early gains; trade near intra-day high level.

                    Indian equity benchmarks added gains to continue its firm trade in the late afternoon session hovering near the highest point of the day on the back of value-buying by funds and retail investors ahead of Reserve Bank of India's (RBI) 3rd bi-monthly policy review. Good progress of monsoon, recovery in Chinese macroeconomic data, increase in FIIs' capital inflow and value-buying by investors after recent sell-off supported the investor-sentiments. Foreign investors have pumped in $6 billion into the Indian securities market in July, taking their overall net inflows since the beginning of 2014 to more than $26 billion, driven by an investment-friendly government at the Centre. Barring healthcare, all of the sectoral indices were trading in green. Realty stocks were trading higher amid reports that the Government is mulling to introduce the Real Estate Development Regulatory Bill in the winter session of the Parliament to crack the whip on unscrupulous builders. Apart from blue chips, broader indices too equally participated in the rally with both mid and small cap indices were trading up by over 0.60%.

                  On global front, Asian equity indices were trading in red with Taiwan Weighted up by 0.69% and Straits Times Index down by 0.64% as global investors weighed a smaller-than-forecast increase in US payrolls and the bailout of a Portuguese bank. Back home, the NSE Nifty and BSE Sensex were trading above their psychological 7,650 and 25,500 levels respectively. The market breadth on BSE was positive, out of 2,481 stocks traded, 1,586 stocks advanced, while 783 stocks declined on the BSE.

                   The BSE Sensex is currently trading at 25,633.40 up by 152.56 points or 0.60% after trading in a range of 25,688.21 and 25,531.38. There were 24 stocks advancing against 6 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.65%, while Small cap index up by 1.04%.

                   The gaining sectoral indices on the BSE were Consumer Durables up by 2.33%, IT up by 1.55%, Capital Goods up by 1.05%, FMCG up by 1.01% and Auto up by 0.99%. On the flip side, Healthcare down by 0.12% were the losing indices on the BSE.

                  The top gainers on the Sensex were Infosys up by 2.71%, Hindalco Inds up by 1.76%, Tata Motors up by 1.62%, Axis Bank up by 1.41% and L&T up by 1.16%. On the flip side, HDFC down by 1.90%, Sun Pharma down by 1.01%, Coal India down by 0.96%, Cipla down by 0.68% and Bharti Airtel down by 0.63% were the top losers on the BSE. 

                   The CNX Nifty is currently trading at 7,655.60 up by 53 points or 0.70% after trading in a range of 7,671.70 and 7,622.05. There were 21 stocks advancing against 9 declining on the index.

                   The top gainers of the Nifty were HCL Tech up by 2.88%, Infosys up by 2.60%, Mc Dowell up by 2.51%, NMDC up by 2.39% and Hindalco Inds up by 1.98%. On the flip side, HDFC down by 2.01%, DLF down by 1.05%, Sun Pharma down by 1.03%, Coal India down by 0.82% and Bharti Airtel down by 0.80% were the major losers on the index.