Mid Day Market Commentary

Market was trading in positive territory on the backdrop of buying interest across all the sectors. Overall market breadth was positive as 1583 stocks advanced and 727 stocks declined on BSE.At 12.30 pm, BSE sensex was at 13219.74 up by 273.86 points and Nifty was at 3853.15 up by 88.59 points. BSE Mid cap was up by 51.61 points to trade at 5392.75 and BSE small cap was up by 85.82 points to trade at 6455.47.BSE capital goods index surged 262.84 points to trade at 8911.02 as ABB (2.73%) and BHEL (5.09%) trading higher.BSE IT index gained 65.50 points to trade at 5072.09 as Infosys (0.8%), Wipro (2.02%) and HCL technology (0.79%) were trading in green. BSE auto index grew by 118.02 points to trade at 5012.03 as Maruti (5.19%), Hero Honda (3.37%), M&M (2.59%%), Tata motors (2.15%), and Bajaj Auto (1.84%) were trading higher. BSE Banks index gained 208.27 points to trade at 6753.60; HDFC Bank, SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 144.86 points up at 6422.22 as RIL (2.04%), IPCL (1.44%) BPCL (0.82%) and HPCL (0.45%) were trading in green.BSE FMCG index gained 42.70 points to trade at 1708.38 as HLL (3.59%), ITC (2.73%) and Dabur (4.24%) were trading higher.BSE Metal index gained 136.54 points to trade at 8389.50 as SAIL (2.13%) and Tata Steel (1.82%) trading higher.BSE Health Care index grew 30.35 points to trade at 3568.71 as Sun (2.02%), Ranbaxy (0.71%), Dr. Reddy''s (0.80%) and Cipla (1.01%) trading in green.