Mid Day Market Commentary

After witnessing volatile trading session in morning, Market was continuously trading in positive territory on back of sustained buying activities seen across index pivotals. Overall market breadth was positive as 1554 stocks advanced and 914 stocks declined on BSE index. While Telecom, Auto, Oil & gas and capitals goods stocks were in favor whereas selling activity was seen in Metal and FMGC stocks.

At 12.50 pm, BSE sensex was at 14,479.52 up by 75.75 points and Nifty was at 4207.95 up by 24.44 points. BSE Mid cap was up by 35.60 points to trade at 6153.80 and BSE small cap was up by 82.00 points to trade at 7642.72.

BSE auto index was the top gainer and adding 75.78 points to trade at 5673.84 as M&M (2.28%), Bajaj auto (1.58%) Maruti Udyog (1.79%) and Hero Honda (0.79%) were trading in green.

Telecom pack was trading up as Reliance comm. (3.98%), VSNL (1.53%) and Bharti Airtel (2.98%) were trading in green.

BSE Oil & gas index was trading at 6689.78 up by 35.20 points as Reliance (0.33%), IPCL (0.64%) and ONGC (0.74%) were trading in green.

BSE capital goods index was gaining 44.97 points to trade at 9868.78 as Suzlon energy (2.03%), ABB (2.01%), BHEL (0.24%) and siemens (0.19%) were trading in green.

BSE Banks index was advancing 20.12 points to trade at 7433.27 as HDFC (2.26%), SBI (1.30%), PNB (1.0%) and ICICI Bank (0.55%) were up.

BSE Health index was trading at 3864.40 up by 9.31 points as Ranbaxy Labs (0.04%), sun pharma (0.02%) and Dr Reddys Labs (0.45%) were trading in green.

BSE IT index was up 5.84 points to trade at 5398.13 as HCL Tech (0.43%), TCS (0.35%) and Satyam (0.36%) were trading up.

BSE metals index was top loser with 104.78 points down to trade at 9540.74 as Tata Steel was trading up (0.72%) while Hindalco (3.39%) and SAIL (1.59%) were trading down.

BSE FMCG index was down by 1.32 points to trade at 1919.16 as ITC (0.51%) and HLL (0.92%) and were trading down.