MId Day Market Commentary

MId Day Market commentaryMarket was trading stable after opening on strong positive note on back of sustained buying activities seen across index pivotals. Overall market breadth was significantly positive as 1740 stocks advanced and 727 stocks declined on BSE index. BSE sectoral index were trading in green. BSE bank index was 29.37 points up to trade at 7412.61 as and HDFC Bank (2.45%), HDFC (0.97%) and PNB (0.53%) were trading in green while ICICI Bank (0.56%) and SBI (0.24%) were trading lower. BSE IT index was adding 57.18 points to 5405.29 as TCS (2.04%), Satyam (0.81%), Infosys (0.57%) and HCL Tech (0.66%) were rising. Further, BSE Oil & gas index was rising 45.43 points to trade at 6604.7 as Gail (2.06%), IPCL (1.83%), Reliance (1.12%) and ONGC (0.04%) were trading in positive zone. Besides, BSE auto index that was gaining 37.6 points trade at 5675.37 as M&M (1.14%) and Bajaj auto (1.67%) were trading in green. BSE FMCG index was trading flat as HLL (0.14%) and Dabur (0.13%) were trading higher. BSE Health index was up 40.8 points to 3912 as Ranbaxy labs (1.50%), Sun Pharma (1.32%) and Cipla (0.82%) were trading in green. BSE Mid caps and Small cap were trading higher. BSE mid cap was up by 83.25 points to trade at 6057.90 and BSE Small cap was up by 108.84 points to trade at 7480.54. At 12.50 pm, BSE sensex was at 14146.39 up by 89.85 points and Nifty was at 4086.10 up by 33.64 points. Top gainers at BSE sensex: Tata Steel Rs 482 (3.12%), Reliance energy Rs 538 (2.52%), HDFC Bank Rs 1089.25 (2.45%), Gujarat Ambuja Rs 144.25 (2.30%), and ACC Rs 1089.7 (1.91%). Top losers: Hero Honda Rs 736.8 (0.85%), Maruti Udyog Rs 912.95 (0.85%), ITC Rs 170 (0.79%), BHEL Rs 2241.90 (0.67%), ICICI Bank Rs 964.7 (0.56%).