Mid Day Market Commentary

Market was witnessing volatile trade and was trading flat on back of modest buying activities seen across index pivotals. Overall market breadth was positive as 1427 stocks advanced and 1011 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE auto index was gaining 45.10 points to trade at 5698. Followed by, BSE bank index that was 19.64 points up to trade at 7421.90; HDFC Bank (2.45%), HDFC (2.04%) and PNB (0.38%), ICICI Bank (0.30%) and SBI (0.04%) were trading lower. Further, BSE IT index was adding 8.62 points to 5405 as TCS (1.14%), Satyam (1.34%), and HCL Tech (2.72%) were rising while Infosys (0.69%) was trading lower. BSE losers: BSE Oil & gas index was declining 25.58 points to trade at 6,585 as Gail (1.76%), BPCL (1.11%), IPCL (1.10%), and ONGC (0.32%) were trading in negative zone while Reliance (1.12%) was trading in positive zone. BSE FMCG index was down 10.55 points to trade at 1923 as ITC (0.67%) and HLL (0.74%) were trading lower. BSE Health index was trading flat. BSE Mid caps and Small cap were trading in positive territory. BSE mid cap was up by 30.78 points to trade at 6085.29 and BSE Small cap was up by 43.92 points to trade at 7530.63. At 12.50 pm, BSE sensex was at 14135.90 up by 6.25 points and Nifty was at 4081.95 up by 3.55 points. Top gainers at BSE sensex: Bajaj Auto Rs 2818 (1.85%), BHEL Rs 2257.75 (1.62%), ACC Rs 1099.3 (1.45%), Satyam Rs 507.25 (1.34%) and TCS Rs 1343.05 (1.14%). Top losers: HDFC Rs 1563.8 (2.03%), Ranbaxy Labs Rs 426 (1.05%), HLL Rs 220.05 (0.74%), Hindalco Rs 171.25 (0.72%) and Infosys Rs 2227.5 (0.69%).