Mid Day Market Commentary

Market was trading firmly on positive territory on the back of more buying in shares. Overall market breadth was positive as 1518 stocks advanced and 658 stocks declined on BSE.

At 12.34 PM, BSE sensex was at 13080.16 up by 0.77% and Nifty was at 3822.10 up by 0.63%. BSE Mid cap was up by 0.91% to trade at 5367.57 and BSE small cap was up by 1.08% to trade at 6446.69.

BSE capital goods index surged 50.20 points to trade at 9050.34 as L&T (0.54%), ABB (1.00%) trading higher whereas BHEL trading down (0.79%) at Rs2261.

BSE IT index dropped 22.56 points to trade at 4897.64 as Satyam (0.52%), Infosys (0.97%), Wipro (0.09%) trading in green, whereas TCS trading in red at Rs1235.45(0.93%).

BSE auto index grew by 54.38 points to trade at 4857.97 as Hero Honda motors (2.57%), M&M(1.97%), Maruti (0.38%) where as Bajaj Auto was trading down by (0.29%).

BSE Banks index declined 66.49 points to trade at 6,574.14; HDFC Bank up by(1.8%), followed by SBI up by(1.12) and ICICI bank also inclined by (0.34%).

BSE Oil & gas index was trading 17.55 points up at 6,409.06 as ONGC (0.26%) and RIL (0.58%) trading up.

BSE FMCG index increased 28.31 points to trade at 1,740.52 as ITC up by (3.85%), whereas HLL was trading down (1.22%).

BSE Metal index surge 97.52 points to trade at 8,443.58 as Hindalco was up by (1.29%) followed by Tata steel increased by (0.73%)

BSE Health Care index grew 46.35 points to trade at 3,628.17 as Dr. Reddy Laboratories inclined by (2.06%) where as Cipla down by (0.23%).