Mid Day Market Commentary

Market was trading in positive territory on the backdrop of selective buying interest seen in index pivotals. Overall market breadth was positive as 1335 stocks advanced and 908 stocks declined on BSE index.At 12.52 pm, BSE sensex was at 12693.67 up by 48.68 points and Nifty was at 3693.3 up by 14.40 points. BSE Mid cap was up by 29.52 points to trade at 5316.20 and BSE small cap was up by 41 points to trade at 6376.07.BSE capital goods index was surged 79.09 points at 8587.84 as L&T (0.96%) whereas ABB (0.61%) and BHEL (1.12%) were trading lower.BSE IT indexes down 5.20 points to trade at 4962.15 as Wipro (0.57%), Infosys (1..07%) and HCL technology (0.94%) were trading in red. BSE auto index was trading in red as it is down by 4.29 points at 4842.05 as Hero Honda (1.71%), Tata motors (1.24%), M&M (0.69%) and Bajaj Auto (0.22%) were declining. BSE Banks index was up by 83.40 points to trade at 6301.59; OBC, SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 42.14 point up at 6194.71 as GAIL (1.64%), BPCL (2.20%), HPCL (2.02%) and RIL (0.53%) were trading in green.BSE FMCG index gained 10.16 points to trade at 1631.01 as HLL (2.16%) was trading higher whereas ITC (1.34%) and Dabur (0.88%) were trading lower.BSE Metal index soared 97.54 points to trade at 8191.90 as Hindalco (2.29%), Nalco (2.26%), SAIL (1.45%) and Siemens (0.91%) were trading in green.BSE HealthCare index gained 57.18 points to trade at 3543.30 as Ranbaxy (4.69%), Cipla (2.13%), Dr. Reddy''s (0.69%) and Sun (0.50%) were trading higher.