Mid Day Market Commentary

Market was trading in positive territory on back of buying interest seen across index pivotals especially bounce back of cement stocks and Metal stocks. Overall market breadth was positive as 1452 stocks advanced and 936 stocks declined on BSE index. BSE sectoral index were trading mixed. Among the gainers: BSE capital goods index was adding 88.52 points to trade at 9415.51 as L&T (1.11%), BHEL (2.47%), ABB (0.92%) and siemens (0.85%) were trading in green. BSE Oil & gas index was trading in green with 24.75 points up to trade at 6600.04 as and ONGC (1.71%), Reliance (0.22%) and GAIL (0.62%) were trading up while HPCL (2.15%) and BPCL (1.02%) were trading down. BSE IT index was up by 16.18 points to trade at 5329.14 as Wipro (1.80%), HCL tech (0.08%) and TCS (0.29%) were up. BSE bank index was up by 15.84 points to trade at 7330.46 as HDFC (1.65%), HDFC Bank (1.22%), and ICICI Bank (0.80%) were trading in green. Among the losers: BSE auto index was down by 67.76 points to trade at 5533.55 as Tata Motors (3.10%), M&M(1.24%) and Bajaj Auto (0.07%) were trading lower. BSE FMCG stock was down 12.76 points to trade at 1941.38. BSE Health index was trading at 3815.75, down by 17.86 points as Galxosmith (0.55%) and Dr Reddy (0.21%) were trading in red. Moreover, BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 28.6 points to trade at 6042.55 and BSE Small cap was up by 66.14 points to trade at 7567.43. At 12.35 pm, BSE sensex was at 14,111.68 up by 70.43 points and Nifty was at 4085.00 up by 18.90 points. Top gainers at BSE sensex: BHEL Rs2373.00 (2.47%), Hindalco Rs168.85 (2.36%), Tata Steel Rs474.00 (2.02%), ONGC Rs906.00 (1.71%) and HDFC Rs1632.00 (1.59%). Top losers: Tata Motors Rs920.60 (3.10%), HLL Rs215.90 (2.86%), Cipla Rs249.50 (1.69%), SBI Rs1159.00 (1.27%) and Bajaj Auto Rs2753.80 (0.07%).