Mid Day Market Commentary

Market was trading strong on back of sustained buying interest across the index pivotals. Overall market breadth was positive as 1517 stocks advanced and 682 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 13042.57 up by 157.57 points and Nifty was at 3777.25 up by 59.25 points. BSE Mid cap was up by 70.86 points to trade at 5299.30 and BSE small cap was up by 103.31 points to trade at 6354.36.

BSE capital goods index was advancing 162.37 points at 8764.67 as Suzlon (2.18%), L&T (1.76%), ABB (0.99%) and BHEL (2.46%) were trading higher.

BSE metal index was surging 110.36 points at 8202.45 as SAIL (3.03%) and Tata Steel (1.22%) trading up.

BSE Banks index was trading 66.59 points up at 6517.83; SBI, OBC and ICICI Bank were trading up.

BSE IT index was adding 64.07 points at 5038.28 as Infosys, Wipro, and TCS were up.

BSE Oil & gas index was trading 63.03 point up at 6181.50 as HPCL, ONGC, Reliance and BPCL were trading up.

BSE auto index was up by 61.12 points at 4904.77 as Tata motors, Maruti Udyog and Bajaj auto were trading in green.

BSE health index was trading 26.64 points up at 3489.42; Dr Reddy Labs, Sun pharma and Ranbaxy labs were in green.