Mid Day Market Commentary

Market was trading in positive territory on back of buying interest seen across index pivotals in particulars FMCG, Metal, Auto and Oil & gas. Overall market breadth was positive as 1570 stocks advanced and 847 stocks declined on BSE index. BSE sectoral index were trading in green except BSE IT and BSE Bank index. Today BSE index gainers: BSE FMCG index was adding 41.33 points to trade at 1890 as HLL (3.26%), ITC (1.90%) and Dabur (0.50%) were trading higher. Followed by BSE auto index that was gaining 50.70 points trade at 5500 as Maruti Udyog (1.69%), M&M (1.63%), Tata Motors (0.40%) and Bajaj auto (0.80%) were trading in green. BSE Metal index was up 82 points to trade at 8759 as Nalco (3.45%), SAIL (3.14%) Hindalco (1.82%) and Tata Steel (0.76%) were advancing. BSE Oil & gas index was rising 49 points to trade at 6317 as HPCL (2.34%), BPCL (1.59%)and Reliance (0.58%) were trading higher. Further, BSE bank index was down 0.63 points to trade at 6844 as ICICI Bank (0.26%) was declining while HDFC (0.40%), SBI (1.19%) and HDFC Bank (0.34%) were rising. BSE Health index was up 34.41 points to 3773 as Dr Reddy Labs (0.92%), Glaxo SmithKline (1.37%)and Ranbaxy labs (1.31%), Sun Pharam (1.01%) were trading in green. BSE IT index was down by 5.43 points to 5120 as Infosys was down by (1.84%) though it declared at par with expected results while TCS (0.70%), HCL Tech (1.21%), Satyam (2.38%) were rising. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 35.98 points to trade at 5855 and BSE Small cap was up by 75.02 points to trade at 7222. At 1:25 pm, BSE sensex was at 13,459 up by 97 points and Nifty was at 3888.10 up by 37.80 points. Top gainers at BSE sensex: Wipro Rs 610 (3.37%), HLL Rs 215.35 (3.26%), Maruti Udyog Rs 903 (2.53%), Satyam Rs 475 (2.38%) and NTPC Rs 135.9 (2.26%). Top losers: Infosys Rs 2128.95 (1.84%), Grasim Rs 2760 (0.19%), Hero Honda Rs 725.1 (0.60%), ICICI Bank Rs 879.35 (0.39%) and BHEL Rs 2140 (0.14%).