Mid Day Market Commentary

Market was trading in positive territory on back of selective buying interest seen across the index pivotals in particulars Capital goods, Oil & gas and IT stocks. Overall market breadth was positive as 1349 stocks advanced and 812 stocks declined on BSE index.At 12.50 pm, BSE sensex was at 12918.95 up by 34.6 points and Nifty was at 3779.80 up by 18.7 points. BSE Mid cap was up by 25.31 points to trade at 5321.9 and BSE small cap was up by 53.21 points to trade at 6365.66.BSE capital goods index was surging 108.46 points at 9000.09 as L&T (3.2%) and Siemens (0.42%) were trading up while BHEL (0.82%) was trading lower.BSE Oil & gas index was adding 36.24 points at 6400.36 as RIL, HPCL, BPCL ONGC and IPCL were trading in green.BSE IT index gained 32.42 points to trade at 4864.27 as HCL Tech (2.12%), TCS (2.08%) and Wipro (1.31%) were trading up. BSE Metal index was trading flat at 8378.34 as Tata Steel (0.15%) and Nalco (1.86%) were trading up.BSE auto index was trading down 23.79 points at 4796.07 as Tata Motors (1.37%), M&M(1.29%) and Bajaj auto (1.16%) were declining. BSE Banks index was tumbled 72.39 points to trade at 6462.86; HDFC Bank (2.25%), OBC (2.24%), SBI (0.32%) and ICICI Bank (1.04%) were trading lower.