Mid Day Market Commentary

Market was trading in positive territory as buying resumed after a sharp decline on Monday on the backdrop of hike in the CRR and the Repo rates by the RBI. Overall market breadth was strong as 1073 stocks advanced and 956 stocks declined on BSE.

At 12.33 PM, BSE Sensex was at 12587.97 up by 132.60 points and Nifty was at 3677.35 up by 45.65 points. BSE Mid cap also inclined by 8.48 points to trade at 5217.77 and BSE small cap was up by 18.26 points to trade at 6312.32.

BSE capital goods index inclined 66.19 points to trade at 8687.55 as BHEL (2.94%) and L&T (0.53%) trading higher.

BSE IT index grew 86.28 points to trade at 4758.84 as Wipro (2.45%), Infosys (2.02%), Satyam (1.97%) and TCS (1.18%) trading in green.

BSE auto index inclined 26.80 points to trade at 4596.71 as Hero Honda Motors (1.98%), Tata Motors (1.58%) and Maruti Udyog (0.48%) were trading in green.

BSE Banks index inclined 39.82 points to trade at 6192.41; HDFC Bank (1.09%) and ICICI Bank (0.26%) were trading in green while SBI (0.4%) was trading in red.

BSE Oil & gas index was trading 75.24 points up at 6247.49 as ONGC (1.88%) followed by RIL (1.08%) were trading high.

BSE FMCG index grew24.39 points to trade at 1715.49 as HLL (1.97%) and ITC (1.57%) were trading higher.

BSE Metal index increased 56.58 points to trade at 8188.25 as Tata Steel was up by (1.49%) while Hindalco Industries was down by (0.24%).

BSE Health Care index inclined by 4.26 points to trade at 3557.88 as Ranbaxy Lab. (0.5%) followed by Dr. Reddy''s (0.27%) were trading higher and where as Cipla (1.06%) trading in lower.