Mid Day Market Commentary

Market witnessed choppy trade on back of selective profit booking by the participants on higher levels. Overall market breadth was positive as 1417 stocks advanced and 961 stocks declined on BSE index. BSE sectoral indices were trading mixed. BSE bank index was up by 19.47 points to trade at 7100.02 as SBI (0.74%), HDFC Bank (0.64%) and HDFC (0.46%) were advancing. BSE Tech index was rising 3.51 points to 3660.90 as TCS (1.03%), Wipro (0.03%) and Infosys (0.35%) were up. BSE auto index was up by 8.48 points to trade at 5501.48 as Hero Honda (0.89%), Maruti Udyog (0.82%) and Tata Motors (0.20%) were trading up. BSE oil & gas index was down by 30.39 points to trade at 6206.61 as GAIL (0.57%) and ONGC (0.09%) were losing while BPCL (0.66%), HPCL (1.45%) and IPCL (0.51%) were advancing. In BSE capital goods index BHEL (0.34%), ABB (0.98%), Siemens (1.05%) and L&T (0.70%) were rising. BSE Health index was down by 33.89 points to trade at 3788.76 as Cipla (0.57%) and Glaxo smithkline (0.66%) were trading lower. BSE mid cap and BSE small cap indices were trading mixed. BSE Mid cap index was up by 10.84 points to trade at 5754.94 and BSE small cap index was down by 2.95 points to trade at 6836.41. At 12:45 pm, BSE sensex was at 13,850.96 up by 4.61 points and Nifty was at 3974.70 up by 4.14 points. Top gainers at BSE sensex: ACC Rs 1094.30 (1.90%), Dr. Reddys Labs Rs 810.00 (1.31%), TCS Rs 1221.10 (1.03%) and Tata Steel Rs 480.90 (0.92%). Top losers: HLL Rs 216.75 (1.61%), Satyam Rs 483.00 (1.32%), Reliance comm. Rs 471.00 (1.30%) and ITC Rs 175.55 (1.18%).