Mid Day Market Commentary

Market was trading in negative territory on back of selling activities seen in index pivotals. Overall market breadth was positive as 1128 stocks advanced and 1029 stocks declined on BSE index.

At 12.50 pm, BSE sensex was at 12938.03 down by 111.31 points and Nifty was at 3725.05 down by 36.59 points. BSE Mid cap was up by 7.38 points to trade at 5254.17 and BSE small cap was up by 33.75 points to trade at 6279.57.

BSE metal index was trading 22.58 points up at 8155.26 as SAIL (3.2%) and Tata Steel (2.2%) trading up.

BSE Banks index was trading flat at 6459.41; SBI, OBC and ICICI Bank were trading up.

BSE IT index was slipping 62.12 points at 4959.56 as Infosys, Wipro, and Satyam were down.

BSE Oil & gas index was trading 59.24 point down at 6126.32 as GAIL, Reliance and BPCL were trading down.

BSE auto index was down by 52.81 points at 4855.21 as Tata motors Maruti Udyog an Bajaj auto were trading in red.

BSE health index was trading 34.13 points down at 3463.71; Dr Reddy Labs, GSK and Ranbaxy labs were in red.

BSE capital goods index was dropping