Mid Day Market Commentary

Market was trading strong on back of intensify buying seen across the sectoral index. Overall market breadth was positive as 1,253 stocks advanced and 860 stocks declined on BSE index.

At 12.48 pm, BSE sensex was at 12,561.53 up by 131.13 points and Nifty was at 3654.60 up by 46.04 points. BSE Mid cap was up by 41.09 points to trade at 5,276.66 and BSE small cap was up by 53.76 points to trade at 6,328.41.

BSE capital goods index was surging 98.03 points at 8432.99 as L&T (0.51%), ABB (1.1%) and BHEL (3.14%) were trading higher.

BSE IT indexes soared 66.78 points to trade at 4946.24 as Wipro (1.90%), Infosys (1.49%) and HCL technology (0.84%) were rising.

BSE auto index was trading up 27.18 points at 4821.90 as Tata motors (1.26%), Bajaj Auto (0.10%) and Maruti Udyog (0.56%) were advancing.

BSE Banks index was up by 49.23 points to trade at 6156.95; OBC, SBI, PNB and ICICI Bank were trading up.

BSE Oil & gas index was trading 72.19 point up at 6,121.49 as GAIL (3.38%), ONGC (2.39%) and RIL (0.81%) were trading in green.

BSE FMCG index dropped by 7.05 points to trade at 1,618.94 as ITC (2.14%), while HLL and Dabur were trading higher.