Mid Day Market Commentary

After opening on positive note, Market slipped to negative territory due to expiry of F&O contracts but now it was trading in positive territory on account of selective buying seen in index pivotals. Overall market breadth was positive as 1227 stocks advanced and 1167 stocks declined on BSE index. BSE sectoral indices were trading mixed. BSE bank index was up by 15.38 points to trade at 7095.93 as HDFC Bank (1.41%), OBC (0.79%), HDFC (0.67%) and ICICI Bank (0.64%) were advancing. BSE Tech index was rising 4.81 points to 3662.20 as TCS (0.45%), Wipro (0.15%) and Infosys (0.04%) were up. BSE auto index was up by 36.83 points to trade at 5529.83 as M&M (1.02%), Tata Motors (1.01%), Hero Honda (0.42%) and Bajaj auto (0.06%) and were trading up. BSE oil & gas index was up by 20.04 points to trade at 6257.52 as GAIL (0.60%), BPCL (1.88%), HPCL (0.76%) and RIL (0.20%) were advancing. BSE capital goods index was trading 55.21 points down to 8988.26 as BHEL (0.98%)ABB (0.50%), Siemens (0.49%) and L&T (0.70%) were declining. BSE Health index was down by 4.05 points to trade at 3818.60 as Cipla (1.75%) and Sun Pharma (0.96%) were trading lower. BSE mid cap and BSE small cap indices were trading in green. BSE Mid cap index was up by 22.13 points to trade at 5766.23 and BSE small cap index was up by 27.00 points to trade at 6866.36. At 12:50 pm, BSE sensex was at 13,887.22 up by 27.53 points and Nifty was at 3979.95 up by 5.70 points. Top gainers at BSE sensex: HDFC Bank Rs 1071.85 (1.41%), Reliance comm. Rs 480.75 (1.22%), Tata Motors Rs 916.00 (1.01%) and ACC Rs 1082.00 (0.84%). Top losers: Cipla Rs 255.00 (1.75%), BHEL Rs 2296.40 (1.31%), Satyam Rs 489.00 (0.61%) and NTPC Rs 136.50 (0.58%).