Mid Day Market Commentary

After two days of consolidation, market opened on positive note and continued to trade strong on back of heavy buying interest seen in index heavyweight. Overall market breadth was positive as 1775 stocks advanced and 734 stocks declined on BSE index. BSE sectoral index were trading higher. Among the BSE sectoral indices, BSE Oil & gas index was adding 153.66 points to trade at 6711.30 as ONGC (4.19%), HPCL (3.10%), BPCL (2.38%), Reliance (1.89%), IPCL (1.18%) were trading higher. Followed by BSE Health index that was trading at 3968 up by 43.51 points as Ranbaxy Labs (0.61%), Sun Pharma (0.27%) and Dr Reddy (0.45%) were trading in green. Besides, BSE bank index was 53.20 points up to trade at 7553; OBC (1.27%), SBI (0.94%) and PNB (0.72%) were trading in green. BSE IT index was up 41.28 points to 5417 as HCL Tech (3.22%), TCS (1.02%), Wipro (0.82%) and Infosys (0.775) were rising. BSE FMCG index was up 23.40 points to trade at 1936 as Dabur (6.67%), ITC (1.89%) and HLL (1.50%) advancing. BSE capital goods index was up by 96.20 points to trade at 9535 as Siemens (1.09%), L&T (1.41%), and ABB (0.36%) were trading in positive zone. BSE Metal index was up by 37.91 points to trade at 9173 as SAIL (1.91%) and Tata Steel (0.08%) were trading up. BSE auto index was gaining 26.80 points to trade at 5712. Moreover, BSE Mid caps and Small cap were roaring in the market and were trading in positive territory. BSE mid cap was up by 64.55 points to trade at 6183.26 and BSE Small cap was up by 121.80 points to trade at 7699.73. At 12.50 pm, BSE sensex was at 14,300.02 up by 168.68 points and Nifty was at 4136.10 up by 59.65 points. Top gainers at BSE sensex: ONGC Rs932 (4.19%), HDFC Rs1584.65 (2.37%), Bharti Airtel Rs982.00 (2.29%), ITC Rs172.5 (1.89%), L&T Rs1582 (1.86%) and Reliance Rs1373 (1.72%). Top losers: Tata Motors Rs959 (0.58%) and Hindalco Rs168 (0.12%).