Mid Day Market Commentary

Market was trading firm on back of buying interest seen across the index pivotals. Overall market breadth was positive as 1473 stocks advanced and 928 stocks declined on BSE index. BSE sectoral index were trading in green except BSE FMGC Index. BSE FMCG stock was down 13.44 points to trade at 1935.38 as HLL (0.61%) and ITC (1.09%) were trading lower. Among the gainers: BSE metal index was trading higher as Tata Steel (5.12%), SAIL (4.41%), NALCO (3.79%) and Hindalco (2.93%) were trading higher. BSE capital goods index was adding 110.12 points to trade at 9579.07 as L&T (0.42%), BHEL (3.84%), ABB (0.95%) and siemens (0.48%) were trading in green. BSE Oil & gas index was trading in green with 32.30 points up to trade at 6671.52 as and ONGC (0.10%), IPCL (0.25%), GAIL (0.29%) and BPCL (0.50%) were trading up. BSE IT index was up by 16.32 points to trade at 5334.52 as Satyam (0.71%), Infosys (0.09%) and HCL tech (0.02%) were up. BSE bank index was adding 12.64 points to trade at 7396.47 as PNB (0.25%), HDFC Bank (0.20%) and OBC (0.16%) were trading in green. BSE auto index was advancing 26.55 points to trade at 5566.33 as Tata Motors (0.92%), M&M (0.58%) and Bajaj Auto (0.32%) were trading in green. BSE Health index was trading at 3811.63, up by 7.65 points as Sun Pharma (2.29%) and Dr Reddy (0.80%) were trading in green. BSE Mid caps and Small cap were trading in green. BSE mid cap was up by 60.50 points to trade at 6088.98 and BSE Small cap was up by 51.58 points to trade at 7595.48. At 12.45 pm, BSE sensex was at 14,162.14 up by 51.68 points and Nifty was at 4106.00 up by 16.09 points. Top gainers at BSE sensex: Tata Steel Rs Rs506.10 (5.12%), Hindalco Rs173.80 (2.93%), BHEL Rs2437.90 (2.85%), NTPC Rs138.15 (1.54%) and Grasim Rs2822.30 (1.01%). Top losers: HLL Rs215.90 (2.86%), Cipla Rs240.00 (3.50%), ITC Rs176.30 (1.09%), HLL Rs212.95 (0.61%) and ICICI Bank Rs971.30 (0.38%).