Mid Day Market Commentary

The markets are still trading weak on the back of heavy selling pressures seen in the selective scrips. Overall market breadth is positive as 1130 stocks advanced while 1077 stocks declined and 75 stocks remained unchanged on BSE.

At 12.29 pm, BSE sensex was at 13740.77 down by 167.8 points and Nifty was at 4045.55 down by 37.95 points. BSE Mid cap inclined by 15.86 points to trade at 5749.39 and BSE small cap by 15.77 points to trade at 6957.25.

BSE IT index grew 87.41 points to trade at 5041.35 as Infosys (2.34%), HCL (1.93%), TCS (1.5%), Satyam (1.36%) and Wipro (1.01%) are trading higher.

BSE Metal index inclined 47.19 points to 9773.68 as Tata Steel (0.7%) and Hindalco (0.14%), are trading higher whereas NALCO (1.71%) and SAIL (1.51%) are trading lower.

BSE Banks index declined 299.69 points to trade at 6787.19 as ICICI Bank (7.62%), PNB (2.43%), SBI (1.88%) and HDFC Bank (1.46%) are trading lower.

BSE capital goods index declined 67.32 points to trade at 9756.77 as L&T (1.41%), ABB (1.01%) and BHEL (0.85%) are trading in red while Siemens is trading in green by (0.25%).

BSE Oil & gas index was trading 61.11 points down at 7016.85 as ONGC (2.00%), RPL (0.49%), BPCL (0.43%), IPCL (0.39%) and HPCL (0.39%) are trading in negative territory whereas GAIL (0.51%) is trading in positive territory.

BSE Health Care index slipped by 9.41 points to trade at 3686.64 as Dr. Reddy (1.35%), Cipla (1.22%), Sun Pharma (0.83%) and GSK (0.25%) are trading lower.

BSE FMCG index fell 7.45 points to trade at 1813.76 as HLL (2.61%), ITC (0.68%) and Dabur (0.32%) are trading in negative.

BSE auto index fell 6.47 points to trade at 4938.08 as Tata Motors (1.25%) and Baaj Auto (0.17%) are trading in green while Hero Honda, Maruti Udyog and M&M are in green by (1.51%), (0.2%) and (0.1%) respectively.