12:28
Moneycontrol BureauLive Market Commentary
The market is flat with a positive bias with the Nifty hovering around 5700 led by strength in FMCG, technology and metals stocks. Reliance Industries and ICICI Bank gained nearly 1.5 percent while ITC surged 2 percent.
The BSE Sensex is up 45.75 points at 19209.77, and the NSE Nifty is up 13.10 points at 5691.
Delhi takes centre stage as the parliament's monsoon session kick started today. In what could be another stormy session, 44 key bills will be on the agenda, which includes the Food Security Bill, Pension Bill, Insurance Bill and the Land Acquisition Bill.
Buying interest is seen in Jet Airways, which gained 2 percent. Sources indicate that SEBI has cleared the Jet-Etihad deal and it is now up to the government to clear it.
Jet has slashed ticket fares to as low as Rs 1777 for domestic air travel on select routes.
Meanwhile, after giving up 72 percent last week, Financial Technologies witnessed a solid rebound today, gaining 29 percent. In the latest development over the weekend, National Spot Exchange (NSEL) said 13 trading members will pay 5 percent of their outstanding obligations, a total of around Rs 3,100 crore, weekly, and eight members with contracts amounting to almost Rs 2,200 crore would settle outright. The street will watch out for further details in a press conference slated for later today.
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