Mid Day Market Commentary

Market was witnessing volatile trade on back of selective buying interest across the index pivotals. Overall market breadth was negative as 800 stocks advanced and 1448 stocks declined on BSE index.

At 12.40 pm, BSE sensex was at 12951.98 up by 13.88 points while Nifty was at 3742.30 down by 3.00 points. BSE Mid cap was down by 38.32 points to trade at 5470.41 and BSE small cap was down by 49.24 points to trade at 6656.66.

BSE IT index was surging 132.4 points at 5002.40 as Infosys (2.14%), TCS (3.50%), Satyam (4.84%), Wipro (3.13%) were trading in green.

BSE Banks index was rising 54.35 points at 6462.37 as HDFC Bank (4.85%), PNB (0.94%) and ICICI Bank (0.93%) were trading up.

BSE capital goods index was trading 77.63 points down at 8757.20 as L&T(0.53%), ABB (2.01%)and BHEL(2.23%) were trading down.

BSE health index was trading 23.17 points down at 3475.76 as Cipla (1.83%), Dr Reddys Labs (3.09%) and GSK pharma (1.47%) were in red.

BSE Oil & gas index was losing 57.01 points at 6240.63 as ONGC (0.53%), IPCL (0.17%) and Reliance (1.17%) were down.

BSE auto index was trading 21.48 points down at 5087.90 as Hero Honda (2.91%), Bajaj Auto (1.52%) and M&M (1.35%) were trading lower.