Mid Day Market Commentary

Market was trading in positive territory due to buying activities on the selective stocks. Overall market breadth was strong as 1519 stocks advanced and 839 stocks declined on BSE.

At 12.35 pm, BSE sensex was at 13191.70 up by 2.16 points and Nifty was at 3853.45 up by 5.3 points. BSE Mid cap was also up by 53.06 points to trade at 5514.57 and BSE small cap by 63.69 points to trade at 6720.43.

BSE capital goods index inclined 138.62 points to trade at 9378.59 as L&T (4.35%) and BHEL (3.39%) trading higher.

BSE IT index grew 10.64 points to trade at 4838.97 as Infosys (0.31%) and Satyam (0.17%) tiding in green while HCL (1.28%) and Wipro (0.49%) trading in red.

BSE auto index rose 5.24 points to trade at 4699.51 as Bajaj Auto (0.54%), Hero Honda (0.14%) trading higher while Maruti Udyog (0.78%) and M&M (0.71%) were trading lower.

BSE Banks index inclined 32.11 points to trade at 6630.70; ICICI Bank (0.44%) and OBC (0.37%) trading in green whereas HDFC Bank (0.59%) and PNB (0.28%) were trading in red.

BSE Oil & gas index was trading 1.79 points up at 6516.76 as ONGC up (0.22%) while BPCL (2.78%), HPCL (1.62%) and RIL (0.35%) were trading down.

BSE FMCG index grew 0.44 points to trade at 1813.16 as ITC up 0.78% while HLL and Dabur were trading in negative.

BSE Metal index increased 220.16 points to 9220.17 as Tata steel grew by 3.42%, SAIL 2.72% and Nalco 1.94% and Hindalco 0.44% were trading in green.

BSE Health Care index inclined by 1.43 points to trade at 3702.89 as Cipla increased by 0.58% where as Dr.Reddy''s'', Ranbaxy and Sun pharma were trading in red.