Mid Day Market Commentary

Market was trading strong on back of intensify buying seen across the sectoral index. Overall market breadth was significantly positive as 1749 stocks advanced and 470 stocks declined on BSE index.

At 1.05 pm, BSE sensex was at 12763.27 up by 233.64 points and Nifty was at 3699.40 up by 58.30 points. BSE Mid cap was up by 113.82 points to trade at 5360.21 and BSE small cap was up by 142.82 points to trade at 6467.05.

BSE capital goods index was surging 173.8 points at 8733.63 as Suzlon (1.04%), L&T (2.17%), ABB (1.33%) and BHEL (1.68%) were trading higher.

BSE IT indexes soared 143.14 points to trade at 4979.52 as Wipro (1.77%), Infosys (3.77%) and TCS (2.59%) were rising. BSE auto index was trading up 57.5 points at 4911.7 as Tata motors (1.25%), Hero Honda (0.64%) and Maruti Udyog (1.03%) were advancing.

BSE Banks index was up by 54.88 points to trade at 6323.16; OBC, SBI, PNB and ICICI Bank were trading up.

BSE Oil & gas index was trading 70.43 point up at 6099.66 as GAIL (2.52%), ONGC (0.75%) and RIL (1.22%) were trading in green.

BSE FMCG index up by 42.1 points to trade at 1656.03 as ITC(4.16%),HLL(1.13%) and Dabur(1.14%) were trading higher.