Mid Day Market Commentary

Market was trading flat on back of selective buying interest in index pivotals in particulars Oil & gas, FMCG and auto stock. Overall market breadth was positive as 1687 stocks advanced and 575 stocks declined on BSE index. BSE sectoral index were trading mixed. Today decline of oil prices had boosted the oil & gas index, which was up by 65.78 points to trade at 6386 as GAIL (2.97%), ONGC (1.73%) and Reliance (0.29%) advanced. Trend is followed by BSE FMCG index that was up by 13.80 points to trade at 1862 as HLL (0.82%), ITC (0.49%) and Dabur (0.63%) were advancing. BSE auto index was adding 17.41 points trade at 5544 as M& M (1.33%), Bajaj auto (0.72%) and Hero Honda (0.14%) were trading in green. BSE bank index that was declining 12.98 points to trade at 7,069 as SBI Bank (0.87%), HDFC Bank (0.96%), SBI (0.81%) and HDFC (1.26%) was trading lower. BSE Health index was rising 13.73 points to 3842 as Ranbaxy labs (0.88%) and Sun pharma (0.28%) were advancing. BSE IT index was down by 10.65 points to 5209 as Satyam (1.74%) and Infosys (0.17%) were declining. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 27.97 points to trade at 5940 and BSE Small cap was up by 47.14 points to trade at 7298. At 12:55 pm, BSE sensex was at 13,627.86 down by 24.29 points and Nifty was at 3935.05 up by 2.00 points. Top gainers at BSE sensex: Gujarat Ambuja Rs140.25 (2.63%), ONGC Rs927 (1.77%), HLL Rs 211.8(0.86%), ITC Rs164.20 (0.83%) and Bharti Airtel Rs 626 (0.74%). Top losers: Satyam Rs 479.5 (1.42%), Tata Motors Rs 916.55 (1.20%), HDFC Bank Rs 1016 (1.15%), HDFC Rs 1577.90 (1.02%) and L&T Rs 1446.75 (0.98%)