Mid Day Market Commentary

Market was trading strong on back of intensify buying seen in Banking, Oil & gas and capital goods stocks. Overall market breadth was negative as 990 stocks advanced and 1209 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12519.29 up by 104.25points while Nifty was at 3602.3 up by 25.8 points. BSE Mid cap was down by 34.87 points to trade at 5159.52 and BSE small cap was down by 59.07 points to trade at 6211.67.

BSE metal index was slipping 127.73 points at 7908.76 as Tata Steel (2.63%), SAIL (4.41%) and Hindalco (2.80%) were trading down.

BSE IT index was rising 123.38 points at 4853.68 as Infosys (2.99%), Wipro (3.01%) and Satyam (2.64%) were up.

BSE Oil & gas index was adding 115.12 points at 6051.09 as BPCL (5.15%), GAIL (3.62%), HPCL (2.68%), ONGC (1.55%) and Reliance (1.64%) were up.

BSE Banks index was advancing 88.16 points at 6309.20 as ICICI Bank (2.85%), HDFC (0.19%), and SBI (0.98%) were trading up.

BSE auto index was adding 30.30 points at 4786.26 as Hero Honda, Tata motors and Bajaj Auto were down while Maruti Udyog (4.67%) were trading higher.

BSE health index was trading 36.07 points up at 3364.47 as Dr Reddy Labs, Ranbaxy Labs and Cipla were in green.

BSE capital goods index was trading 86.28 points up at 8329.11 as L&T, Suzlon and BHEL were trading up.