Mid Day Market Commentary

Market was witnessing higher volatility due to lack of fresh buying interest seen across the index pivotals. Overall market breadth was positive as 1477 stocks advanced and 908 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE auto index was up by 36.38 points to trade at 5732 as Maruti Udyog (1.32%), Bajaj Auto (2.82%) and Tata Motors (1.62%) were trading higher. BSE Health index rose 26.63 points to 3846.63 as Ranbaxy labs (3.59%), Dr.Reddys Labs (0.40%)and CIPLA (0.18%) were advancing. BSE tech index was up by 13.53 points to 3714.45 as TCS (0.94%), Infosys (0.90%), Satyam (0.42%) and Wipro (0.335) were rising. BSE Metal index was trading 36.93 points down to 9085 as Tata Steel (1.12%) and Hindalco (0.035) were slipping. BSE oil & gas was slipping by 17.15 points to 6221 as ONGC (1.35%), GAIL (0.74%), HPCL (0.135) and Reliance (0.11%) were declining. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 42.47 points to trade at 5914.00 and BSE Small cap was up by 66.49 to trade at 7070.59. At 12:55 pm, BSE sensex was at 13,988.32 up by 46.08 points and Nifty was at 4013.15 up by 5.75 points. Top gainers at BSE sensex: Ranbaxy labs Rs 412.7 (3.59%), Bajaj Auto Rs 2816.00 (2.82%), Tata Motors Rs 945.00 (1.62%), Gujarat Ambuja cem Rs 146.40 (1.53%) and L&T Rs 1480.2 (1.45%). Top losers: HLL Rs 213.2 (1.50%), HDFC Rs 1596 (1.48%), ITC Rs 174.9 (1.10%), ONGC Rs 867.5 (0.98%) and ACC Rs 1082.5 (0.91%)