Mid Day Market Commentary

Market was trading with modest gains on back of selective buying interest seen across index pivotals in particulars Metal, Oil & gas and Auto stocks. Overall market breadth was negative as 1064 stocks advanced and 1315 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 14206.64 up by 18.15 points and Nifty was at 4109.05 up by 12.85 points. BSE Mid cap was down by 3.59 points to trade at 5873.59 while BSE small cap was up by 16.65 points to trade at 7241.04.

BSE metal index was surging 41.93 points at 8992.21 as NALCO (2.01%), Tata Steel (1.56%) and SAIL (0.77%) were in green.

Followed by BSE auto index was trading 14.88 points up at 5577.08 as M&M (1.65%), Maruti Udyog (0.60%) and Bajaj Auto (0.32%) were trading in green.

BSE Oil & gas index was adding 40.53 points at 6682.93 as GAIL (1.24%) and Reliance (1.01%) were up.

BSE capital goods index was trading 20.76 points up at 9520.25 as Suzlon (1.30%) and L&T (0.58%) were trading up.

BSE IT index was trading 17.19 points up at 5455.77 as TCS, Satyam, Wipro were trading in green.

BSE FMCG index was trading at 1873.97, up by 6.78 points as HLL (0.64%) and ITC (0.86%) were trading in green.

BSE Banks index was trading 67.13 points down at 7109.65 as HDFC Bank (1.77%), SBI (1.53%), and ICICI Bank (0.36%) were trading lower.