Mid Day Market Commentary

Market was trading in northward direction on back of heavy buying interest seen across the sectoral index. However, overall market breadth was negative as 818 stocks advanced and 1423 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12816.71 up by 236.96 points and Nifty was at 3705.25 up by 78.39 points. BSE Mid cap was up by 17.60 points to trade at 5132.01 and BSE small cap was up by 11.45 points to trade at 6099.77.

BSE IT index was rising 103.48 points at 4998.18 as Infosys (2.29%), Wipro (3.26%) and TCS (2.03%) were up.

BSE Oil & gas index was trading 145.8 point up at 6164.58 as IPCL (14.94%), ONGC (3.67%), and Reliance (2.32%) were up.

BSE Banks index was surging 172.73 points at 6363.41 as HDFC Bank (3.65%), SBI (2.94%), and ICICI Bank (2.64%) were trading up.

BSE auto index was up by 41.97 points at 4838.8 as Tata motors Maruti Udyog an Bajaj auto were trading in green.

BSE health index was trading 40.08 points up at 3411.22; Dr Reddy Labs, Sun pharma and Ranbaxy labs were in green.

BSE capital goods index was adding 129.2 points at 8483.18 as L&T, ABB and BHEL were trading up.