Mid Day Market Commentary

Market continued to trade strong on back of favorable global cues that had boosted positive sentiment in the market. Overall market breadth was significantly positive as 1740 stocks advanced and 740 stocks declined on BSE index. BSE sectoral index were trading higher. Today BSE bank index was top gainer with 307.55 points up to trade at 7221.41as SBI (6.30%), ICICI Bank (4.84%), HDFC (3.84%) and HDFC Bank (3.38%) were trading higher. Followed by BSE IT index that was adding 96 points to 5327 as TCS (3.25%), Infosys (1.84%), HCL Tech (2.48%), Satyam (1.86%) were rising. Further, BSE Oil & gas index was rising 118.54 points to trade at 6501 as HPCL (4.80%), BPCL (3.50%)and Reliance (2.13%) and ONGC (0.95%) were trading higher. Besides, BSE auto index that was gaining 65.40 points trade at 5620.83 as Maruti Udyog (1.35%), M&M (1.33%), Tata Motors (1.43%) and Bajaj auto (0.88%) were trading in green. BSE FMCG index was adding 11.41 points to trade at 1920 as HLL (1.01%), ITC (0.56%) and Dabur (1.45%) were trading higher. BSE Health index was up 45.11 points to 3843 as Cipla (1.34%), Dr Reddy Labs (1.25%), and Ranbaxy labs (0.91%) were trading in green. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 81.75 points to trade at 5977.55 and BSE Small cap was up by 104.36 points to trade at 7382.69. At 12.45 pm, BSE sensex was at 13,910.47 up by 279.61 points and Nifty was at 4016.70 up by 74.44 points. Top gainers at BSE sensex: SBI Rs 1222.4(6.30%), ICICI Bank Rs 937.55 (4.85%), BHEL RS 2255.15 (4.69%), HDFC Rs 581 (3.84%) and HDFC Bank Rs 1033.10 (3.38%) .Top losers: Reliance Comm Rs 426.7 (0.05%).