Mid Day Market Commentary

After opening lower, Market made a smart recovery to trade in positive territory on back of buying seen in index pivotals especially in auto, capital goods and oil & gas stocks. Overall market breadth was positive as 1541 stocks advanced and 850 stocks declined on BSE index.

At 12.30 pm, BSE sensex was at 14,294.68 up by 103.98 points and Nifty was at 4103.65 up by 45.35 points. BSE Mid cap was up by 66.28 points to trade at 5887.73 and BSE small cap was up by 108.26 points to trade at 7235.52.


BSE auto index was trading with 102.17 points up at 5656.75 as Bajaj auto (4.06%), Tata motors (1.94%) and Maruti Udyog (0.76%) were trading in green.


BSE Oil & gas index was rising 119.51 points at 6596.69 as ONGC (2.43%), HPCL (1.51%), IPCL (0.96%), and Reliance (1.35%) were up.
BSE capital goods index was trading 102.19 points up at 9529.11 as Suzlon (4.06%) ABB (1.42%), BHEL (0.87%) and siemens (1.91%) were trading up.


BSE Banks index was adding 53.29 points to trade at 7416.12 as ICICI Bank (1.26%), OBC (1.19%) and SBI (1.08%) were trading in green.


BSE metals index was up 3.09 points at 8619.52 as SAIL (2.79%) and Nalco (1.54%) was up while Hindalco (2.21%) and Tata steel (0.92%) down.
BSE IT index was trading 30.55 points to trade at 5454.31 as HCL Tech (2.11%), Wipro (2.09%) and Satyam (1.45%) were trading up.


BSE FMCG index was down 16.39 points at 1867.05 as ITC (0.83%) and HLL (1.28%) were trading in red.