Mid Day Market Commentary

Market was trading strong after opening higher on back of buying activities seen across the index pivotals. Overall market breadth was positive as 2041 stocks advanced and 366 stocks declined on BSE index.At 12.50 pm, BSE sensex was at 14297.50 up by 287.60 points and Nifty was at 4131.7 up by 84.89 points. BSE Mid cap was up by 151.42 points to trade at 5951.45 and BSE small cap was up by 222.34 points to trade at 7290.17.BSE Banks index recovered the yesterday loss and was trading 182.77 points up at 7159.65 as OBC (2.84%), SBI (2.04%), PNB (6.03%), ICICI Bank (2.75%)and HDFC Bank (2.55%) were trading up.Followed by BSE auto index that was trading 128.60 points up at 5607.95 as Hero Honda (3.01%), M&M (3.80%) and Maruti Udyog (3.30%) were trading up. BSE Oil & gas index was adding 133.03 points at 6729.56 as BPCL (3.88%), ONGC (1.80%) and Reliance (2.03%) were up.BSE capital goods index was surging 240.17 points at 9578.94 as L&T (3.79%), BHEL (2.72%) and ABB (2.20%) were trading up.BSE IT index was trading 112.75 points up at 5475.45 as Infosys, Wipro, TCS and Satyam were trading in green.BSE metals index was rising 185.59 points at 8803.57 as Nalco (4.36%), SAIL (3.27%), Hindalco (1.23%) and Tata steel (1.24%) were trading up.