Mid Day Market Commentary

Market was trading in positive territory on the backdrop of buying interest in selective shares. Overall market breadth was negative as 1162 stocks advanced and 1166 stocks declined on BSE.At 12.44 pm, BSE sensex was at 13360.61 up by 52.58 points and Nifty was at 3894.65 up by 18.75 points. BSE Mid cap was up by 24.67 points to trade at 5419.91 and BSE small cap was up by 30.60 points to trade at 6488.16.BSE capital goods index surged 148.88 points to trade at 9121.94 as L&T (3.57%), ABB (0.79%) and BHEL (2.36%) trading higher.BSE IT index dropped 19.98 points to trade at 5075.30 as Satyam (0.73%), Infosys (0.62%), trading in red, whereas Wipro (0.48%) and HCL technology (2.6%) were trading in green. BSE auto index fell 5.66 points to trade at 5040.27 as Tata Motors (0.79%), Maruti (0.70%) and Bajaj Auto (0.29%) were trading lower. BSE Banks index declined 6.63 points to trade at 6820.72; HDFC Bank and OBC was trading in red, whereas SBI, PNB and ICICI Bank were trading up.BSE Oil & gas index was trading 0.68 points up at 6445.16 as BPCL (0.21%) and RIL (0.27%) trading up, whereas IPCL (0.75%) and HPCL (1.27%) were trading down.BSE FMCG index dropped 9.47 points to trade at 1700.52 as ITC down (2.21%), whereas Dabur (3.36%) and HLL (1.174%) were trading higher.BSE Metal index surge 79.36 points to trade at 8510.45 as SAIL (2.52%), Hindalco (0.99%) and Nalco (0.73%) trading higher.BSE Health Care index grew 30.77 points to trade at 3584.33 as Cipla (3.27%), Dr. Reddy''s (1.25%) and Ranbaxy (0.39%) trading in green.