Mid Day Market Commentary

Market was trading with modest gains on back of selective buying interest seen across the index pivotals. Overall market breadth was marginally positive as 1238 stocks advanced and 1173 stocks declined on BSE index. While Telecom, Bank, IT and capitals goods were in favor whereas metal and health stocks were witnessing selling activities.

At 12.25 pm, BSE sensex was at 14,185.49 up by 94.57 points and Nifty was at 4112.70 up by 30.00 points. BSE Mid cap was up by 13.69 points to trade at 6058.79 and BSE small cap was up by 13.90 points to trade at 7517.40.

BSE Banks index was advancing 72.75 points to trade at 7332.84 as PNB (2.96%), OBC (1.41%), ICICI Bank (1.05%) and SBI (1.57%) were trading in green.

BSE auto index was adding 45.21 points to trade at 5560.54 as Tata motors (1.96%), Maruti Udyog (1.85%) and Hero Honda (0.73%) were trading in green.

Telecom pack was trading up as Reliance comm. (1.47%), VSNL (2.65%) and Bharti Airtel (1.23%) were trading in green.

BSE FMCG index was up by 12.04 points to trade at 1918.25 as ITC (1.35%) and Dabur (2.63%) were trading up while HLL (1.10%) and were trading lower.

BSE metals index was 16.00 points down to trade at 9267.17 as Tata Steel (1.59%), NALCO (0.48%) and SAIL (1.29%) were trading down.

BSE Health index was trading at 3814.74 up 10.44points as Ranbaxy Labs (0.11%) and Cipla (0.53%) were down while Glaxosmithkline (0.45%) was trading in green.

BSE capital goods index was 61.44 points down to trade at 9547.23 as ABB (2.81%), L&T (0.69%) and siemens (1.28%) were trading in green.

BSE IT index was up 20.27 points to trade at 5295.30 as HCL Tech (1.71%), Wipro (2.32%) TCS (0.97%), Satyam (0.70%)and Infosys (0.23%) were trading up.

BSE Oil & gas index was trading at 6654.39 up by 23.37 points as Reliance (0.37%), IPCL (1.19%), and ONGC (0.91%) were trading in green.