Mid Day Market Commentary

After opening on firm note, it continued its northward journey till the halt but at present it was losing its gains on back of selective profit booking in scrips. Overall market breadth was positive as 1454 stocks advanced and 732 stocks declined on BSE index.

At 12.50 pm, BSE sensex was at 12885.33 down by 17.30 points and Nifty was at 3730.45 down by 4.14 points. BSE Mid cap was up by 42.15 points to trade at 5318.65 and BSE small cap was up by 72.97 points to trade at 6390.62.

BSE capital goods index was up by 26.05 points at 8771.95 as Suzlon (1.63%), L&T (1.05%), ABB (1.36%) and BHEL (0.19%) were trading in green.

BSE metal index was adding 57.88 points at 8198.96 as SAIL (0.86%) and Tata Steel (1.25%) trading up.

BSE auto index was up by 33.68 points at 4931.76 as Tata motors (0.38%), Maruti Udyog (0.37%) and Bajaj auto (0.30%) were trading in green.

Cement stocks were trading in green as ACC (1.43%), Gujarat ambuja(0.95%), and grasim(0.68%) were trading up.

BSE Banks index was trading 18.60 points up at 6488.01; HDFC, SBI and ICICI Bank were trading up.

BSE IT index was trading flat at 5009.92 as Wipro (0.76%), TCS (1.3%) and satyam (1.17%) were up.

BSE Oil & gas index was trading 21.67 point up at 6168.70 as HPCL, GAIL and Reliance were trading up.