Mid Day Market Commentary

Market was trading in negative territory due to selling pressure in scrips across the index pivotals. Overall market breadth was highly negative as 434 stocks advanced and 1963 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 13856.60 down by 164.71 points and Nifty was at 4001.95 down by 38.04 points. BSE Mid cap was down by 89.75 points to trade at 5714.73 and BSE small cap was down by 174.42 points to trade at 6998.99.

BSE metal index was trading 17.15 points up at 8892.62 as NALCO (0.97%), Tata Steel (1.89%) and SAIL (0.80%) were in green.

BSE Oil & gas index was adding 12.83 points at 6624.51 as GAIL (4.74%), IPCL (0.19%) and Reliance (1.12%) were up.

BSE Banks index was slipping 171.18 points down at 6827.79 as HDFC Bank (1.77%), SBI (0.68%), and ICICI Bank (3.35%) were trading lower.

BSE auto index was trading 77.34 points down at 5381.33 as Tata Motors (2.24%), Maruti Udyog (2.16%) and Bajaj Auto (1.32%) were trading lower.

BSE capital goods index was trading 59.80 points down at 9355.77 as Siemens & ABB were trading down.

BSE FMCG index was trading at 1813.92, down by 34.35 points as HLL (0.18%) and ITC (2.89%) were trading in red.

BSE health index was trading 73.64 points down at 3635.08 as Ranbaxy labs (2.84%),Dr Reddys Labs(2.31% ) and Cipla(2.3%) were in red.