Mid Day Market Commentary

Market was trading in negative territory due to selling pressure in scrips across the index pivotals. Overall market breadth was positive as 1500 stocks advanced and 801 stocks declined on BSE index.

At 12.40 pm, BSE sensex was at 13570.22 down by 79.29 points and Nifty was at 3919.1 down by 22.9 points. BSE Mid cap was up by 39.88 points to trade at 5736.59 and BSE small cap was up by 70.27 points to trade at 6964.72.

BSE health index was trading 14.07 points up at 3636.37 as Ranbaxy labs (0.33%), Dr Reddys Labs (0.07%) and GSK pharma (0.14%) were in green.

BSE Oil & gas index was losing 36.4 points at 6494.21 as ONGC (2.23%) GAIL (1.4%) and Reliance (0.32%) were down.

BSE Banks index was slipping 70.25 points at 6732.19 as HDFC Bank (0.18%), SBI (1.41%)and ICICI Bank (2.21%) were trading lower.

BSE auto index was trading 46.45 points down at 5319.27 as Tata Motors (1.85%), Bajaj Auto (3.03%) and Hero Honda (2.4%)were trading lower.

BSE capital goods index was trading 5.34 points down at 9207.58 as L&T, Suzlon and BHEL were trading down.

BSE IT index was trading 37.19 points down at 5208.22 as Infosys, TCS, Satyam, Wipro were trading in red.