Friday, March 2, 2007

Mid Day Market Commentary

Market was trading in positive territory on back of selective buying activities across the index pivotals especially metal, Auto and Health care stocks. Overall market breadth was positive as 1510 stocks advanced and 713 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 13,233.49 up by 73.94 points while Nifty was at 3833.15 up by 21.95 points. BSE Mid cap was up by 66.46 points to trade at 5589.05 and BSE small cap was up by 99.02 points to trade at 6811.88.

BSE metal index was advancing 190.12 points at 8716.25 as Tata Steel (2.39%), SAIL (1.84%) and NALCO (1.09%) were trading up.

BSE auto index was surging 68.17 points at 5138.06 as Hero Honda (4.68%), Bajaj Auto (3.03%) and Maruti Udyog (0.78%) were trading higher.

BSE health index was trading 39.14 points up at 3561.69 as Sun Pharma (4.27%), Ranbaxy (1.65%) and Cipla (0.35%) were in green.

BSE Oil & gas index was adding 29.13 points at 6367.95 as ONGC up (2.02%) while IPCL, BPCL, HPCL and Reliance were down.

BSE capital goods index was trading 11.19 points up at 9008.42 as ABB and BHEL were trading up.

BSE IT index was rising 30.10 points at 5101.45 as Infosys, Satyam and HCL info were up.

BSE Banks index was slipping 8.40 points at 6576.10 as HDFC Bank (2.92%), PNB (0.21%) and ICICI Bank (0.86%) were trading down.

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