Mid Day Market Commentary

Market was continuously trading in negative territory on back of the global markets weakness. Overall market breadth was negative as 653 stocks advanced and 1638 stocks declined on BSE index.

At 13.00 pm, BSE sensex was at 13099.70 down by 379.12 points and Nifty was at 3784.90 down by 109 points. BSE Mid cap was down by 124.17 points to trade at 5582.23 and BSE small cap was down by 153.62 points to trade at 6764.66.

BSE health index was trading 80.15 points down at 3532.91 as Ranbaxy labs (2.72%), Dr Reddys Labs (2.70%) and GSK pharma (2.09%) were in red.

BSE Oil & gas index was losing 175.64 points at 6308.02 as ONGC (1.32%), HPCL (2.25%) and Reliance (3.09%) were down.

BSE Banks index was slipping 225.55 points at 6469.27 as HDFC Bank (4.85%), OBC (3.23%)and ICICI Bank (3.36%) were trading lower.

BSE auto index was trading 146.43 points down at 5158.63 as Tata Motors (7.09%), Bajaj Auto (2.84%) and Maruti Udyog (4.18%) were trading lower.

BSE capital goods index was trading 118.9 points down at 9026.84 as L&T, ABB and BHEL were trading down.

BSE IT index was trading 282.24 points down at 4890.15 as Infosys, TCS, Satyam, Wipro were trading between 4 to 6 percent down.