Mid Day Market Commentary

Market was trading strong on back of sustained buying activities seen across index pivotals. Overall market breadth was positive as 1595 stocks advanced and 858 stocks declined on BSE index. While Telecom, Metals and capitals goods were in favor whereas selective selling activity was seen in Bank stocks

At 12.50 pm, BSE sensex was at 14,409.16 up by 141.98 points and Nifty was at 4183.80 up by 46.60 points. BSE Mid cap was up by 60.74 points to trade at 6137.53 and BSE small cap was up by 63.46 points to trade at 7595.98.

BSE capital goods index was the top gainers with 162.79 points up to trade at 9750.89 as L&T (2.49%), siemens (2.06%) and BHEL (0.46%) were trading in green.

Followed by BSE metals index that was up by 104.78 points to trade at 9540.74 as Tata Steel (1.89%), Hindalco (0.98%) and SAIL (2.14%) were trading in green.

BSE Banks index was advancing 20.12 points to trade at 7433.27 as HDFC (2.63%) and HDFC Bank (0.37%) were trading up while PNB (1.24%), OBC (1.13%) and SBI (0.11%) were down

BSE auto index was adding 31.16 points to trade at 5601.16 as Tata motors (0.40%), Bajaj Auto (0.47%) and Maruti Udyog (0.29%) were trading in green.

Telecom pack was trading up as Reliance comm. (2.37%), VSNL (2.19%) and Bharti Airtel (5.02%) were trading in green.

BSE FMCG index was up by 10.40 points to trade at 1924.45 as ITC (0.94%), Dabur (0.40%) and HLL (0.77%) and were trading up

BSE Health index was trading at 3859.00 up by 38.95 points as Ranbaxy Labs (0.55%), Cipla (1.28%), Dr Reddys Labs (0.96%) and Glaxosmithkline (1.83%) was trading in green.

BSE IT index was up 34.78 points to trade at 5383.01 as HCL Tech (1.14%), Wipro (3.50%) TCS (0.93%) and Satyam (2.64%) were trading up

BSE Oil & gas index was trading at 6698.99 up by 30.88 points as Reliance (0.40%), IPCL (1.30%), HPCL (0.94%) and ONGC (0.24%) were trading in green