The BSE Sensex opened on a firm note today at 24,701.91 points at 9.00 am. During the pre-opening time slot, the graph saw a few rises, the biggest reaching 24,733.62 points.
The market opened for trading at 9.15 am at 24,743.61 points and rose to 24,758.13 points within a few minutes. However, it recorded a plunge of 34.34 at 9.25 am under selling pressure.
Currently the sensex is trading at 24,731.16 points, which is 46.31 higher than it started at. In terms of percentage, it has until now recorded a rise of 0.19 percent.
The early gainers and losers this morning are:
Gainers:
Symb Last Change Chg %
STYL.BO 32.70 +5.45 +20.00
ONEL.BO 198.95 +33.15 +19.99
BBRM.BO 144.05 +24.00 +19.99
HEST.BO 112.85 +18.80 +19.99
JPLY.BO 217.00 +36.15 +19.99
Losers:
Symb Last Change Chg %
OMEG.BO 72.15 -18.02 -19.98
BRIB.BO 41.00 -5.70 -12.21
VIRI.BO 38.00 -4.85 -11.32
KAFN.BO 31.95 -3.90 -10.88
EMMS.BO 38.50 -4.60 -10.67
The sensex is expected to record higher figures on Tuesday ahead of RBI's policy review, which is scheduled for 11 am. Analysts hope that the Central Bank will keep interest rates on hold as of now and instead loosen up when it comes to its rigid inflation rules.
"Tomorrow will be the first policy under the Modi government, and we are not expecting any negative surprises. It's a buy-on-dips market and the undercurrent is firm," Suresh Parmar, head, institutional equities at KJMC Capital Markets told Reuters on Monday.
"FIIs continue to buy and we don't see any immediate downward risk. There could be some minor profit-booking, which would be absorbed."
Meanwhile, the BSE sensex witnessed a gain of 1.93 percent yesterday, which is the highest figure the market has seen in three weeks. The shares of Larsen&Toubro saw a rise after it surpassed the estimated figures of its quarterly earnings.
The State Bank of India gained 4 percent on the hope that the new reforms will be in its favour.
