Mid Day Market Commentary

After opening on firm note, Market was continuously losing its gains on back of selective profit booking by the participants. Overall market breadth was negative as 818 stocks advanced and 1423 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12636.24 down by 60.85 points and Nifty was at 3633.35 down by 22.29 points. BSE Mid cap was down by 56.44 points to trade at 5163.01 and BSE small cap was down by 81.01 points to trade at 6178.51.

BSE metal index was slipping 87.30 points at 7914.82 as Tata Steel, SAIL and Hindalco were trading down.

BSE IT index was dropping 40.14 points at 4921.80 as Infosys, Wipro, TCS and Satyam were down.

BSE Oil & gas index was trading flat at 6069.00: HPCL, BPCL, ONGC and GAIL were down.

BSE Banks index was declining 12.95 points at 6340.33 as SBI, PNB were down while ICICI Bank, HDFC Bank, and OBC were trading up.

BSE auto index was losing 19.54 points at 4759.28 as Hero Honda, Tata motors and Maruti Udyog were trading lower.

BSE health index was trading flat at 3372.86; Dr Reddy Labs, Sun pharma and Cipla were in green.

BSE capital goods index was adding 47.63 points up at 8416.02 as L&T, Suzlon and BHEL were trading up.