Mid Day Market Commentary

Market opened on positive note and continued to trade strong on back of selective buying interest seen in auto, Pharma and telecom stocks. Overall market breadth was significantly positive as 1838 stocks advanced and 497 stocks declined on BSE index. In BSE auto packs, Maruti Udyog (3.22%), Bajaj Auto (2.72%), Tata Motors (1.38%) and hero Honda (0.74%) were trading higher. BSE Health index, Ranbaxy labs (2.05%) and cipla (0.50%) were advancing. Index heavy weight HLL was trading at Rs 218.4 up by 0.85%, Index heavy weight Reliance was trading at Rs1282 up by 0.92%. Besides, tech major Infosys was trading at 2252.75 up by 0.55% and Cigarette major ITC was trading at 177.65 up by 0.97%. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 70.28 points to trade at 5876 and BSE Small cap was up by 131.40 to trade at 7023.72. At 12:55 pm, BSE sensex was at 13,925.31 up by 138.40 points and Nifty was at 4000.00 up by 33.59 points. Top gainers at BSE sensex: Maruti Udyog Rs 958.00 (3.31%), Bajaj Auto Rs 2690.00 (2.72%), Ranbaxy Labs Rs 399.90 (2.05%), Gujarat Ambuja cem Rs 144.00 (1.91%) and Satyam Rs 491.65 (1.59%).