Mid Day Market Commentary

Market was trading in deep red on back of weakness in global markets. It was no showing any recovery at this moment. Overall market breadth was highly negative as 542 stocks advanced and 1678 stocks declined on BSE index.

At 1.15 pm, BSE sensex was at 12595.28 down by 387.69 points and Nifty was at 3655.85 down by 114.69 points. BSE Mid cap was down by 92.48 points to trade at 5261.34 and BSE small cap was down by 104.65 points to trade at 6330.21.

BSE capital goods index was down by 232.98 points at 8619.53 as Suzlon (3.40%), L&T (2.64%), ABB (2.88%) and BHEL (3.43%) were trading lower.

BSE metal index was losing 196.96 points at 8030.93 as SAIL (4.78%) and Tata Steel (3.52%) trading down.

BSE auto index was trading lower 113.22 points at 4834.44 as Tata motors (4.82%), Hero Honda (3.4%) and Maruti Udyog (2.19%) were trading in red.

BSE Banks index tumbled 229.71 points to trade at 6308.97; HDFC, SBI and ICICI Bank were trading down.

BSE IT indexes plunged by 166.86 points to trade at 4869.65 as Wipro (5.21%), Infosys (3.66%) and TCS (2.41%) were down.

BSE Oil & gas index was trading 157.20 point down at 6056.16 as ONGC (4.02%), RIL (2.64%) and GAIL (2.59%) were trading lower.