Mid Day Market Commentary

After opening on positive note, market slipped into negative territory and was trading weak on back of selling pressure across the sectoral indices. Overall market breadth was significantly negative as 638 stocks advanced and 1581 stocks declined on BSE index.

At 12.55 pm, BSE sensex was at 12448.42 down by 95.42 points and Nifty was at 3616.70 down by 26.90 points. BSE Mid cap was down by 58.93 points to trade at 5221.85 and BSE small cap was down by 76.34 points to trade at 6291.84.

BSE capital goods index was slipping 156.30 points at 8401.35 as L&T (2.55%), ABB (1.11%) and BHEL (1.41%) were trading lower.

BSE IT indexes tumbled 64.44 points to trade at 4862.64 as HCL tech (2.95%), Infosys (2.04%) and Satyam (2.10%) were rising.

BSE auto index was trading down 16.03 points at 4802.65 as M&M (2.35%), Hero Honda (1.83%) and Bajaj auto (0.47%) were declining.

BSE Banks index was down by 82.90 points to trade at 6108.53; HDFC Bank (3.31%), SBI (2.07%), and ICICI Bank (1.46%) were trading lower.

BSE Oil & gas index was trading flat at 6023.80 as GAIL (1.07%), ONGC (0.23%) and IPCL (0.54%) were trading in red.

BSE FMCG index was down by 11.45 points to trade at 1630.52 as HLL (1.16%) and Dabur (2.74%) were trading lower.