Mid Day Market Commentary

Market was trading flat due to lack of buying interest seen across the index pivotals. Overall market breadth was positive as 1628 stocks advanced and 872 stocks declined on BSE index. BSE sectoral index were trading mixed. BSE bank index that was 9.42 points up to trade at 740.9.57; OBC (3.22%), SBI (1.01%) and ICICI Bank (0.31%) were trading in green while HDFC Bank (3.39%) and HDFC (1.35%) were trading lower. BSE IT index was down 8.91 points to 5369 as HCL Tech (0.88%) and Satyam (0.41%) were rising while Infosys (1.03%) and TCS (0.55%) were trading lower. BSE Oil & gas index was declining 2.70 points to trade at 6,563 as HPCL (3.88%), BPCL (3.18%), IPCL (1.12%) and Reliance (0.28%) were trading in green and ONGC (2.452%) and Gail (0.31%) were trading in negative zone. BSE FMCG index was down 8.99 points to trade at 1918 as ITC up by (0.73%) and HLL down by (0.0.11). BSE Health index was trading at 3924 up by 23.14 points as Sun Pharma (0.99%), Cipla (0.97%), and Dr Reddy (0.83%) were trading in positive territory. BSE capital goods index was up by 54.44 points to trade at 9416 as Siemens (2.31%), L&T (1.34%), and ABB (0.99%) were trading higher. BSE Metal index was up by 45.62 points to trade at 9208 as SAIL (2.47%), NALCO (0.92%) and Tata Steel (0.69%) were advancing. BSE auto index was gaining 7.10 points to trade at 5706.83. BSE Mid caps and Small cap were trading in positive territory. BSE mid cap was up by 41.55 points to trade at 6122.65 and BSE Small cap was up by 63.58 points to trade at 7569.02. At 12.50 pm, BSE sensex was at 14093.12 down by 21.61 points and Nifty was at 4081.55 up by 1.05 points. Top gainers at BSE sensex: SBI Rs 1226.5 (1.43%), L&T Rs 1541.2 (1.38%), Dr. Reddy Labs Rs 816.5 (0.91%), Tata Steel Rs 486.45 (0.87%) and NTPC Rs 139 (0.76%). Top losers: HDFC Bank Rs 1059.95 (3.28%), ONGC Rs 898.35 (2.34%), HDFC Rs 1540 (1.28%), Bharti Airtel Rs 664.85 (0.84%) and ITC Rs 170.25 (0.79%).