Mid Day Market Commentary

The markets are still trading strongly. At 12.20 pm, BSE sensex was at 14,073.65 up by 201.58 points and Nifty was at 4,152.30 up by 64.4 points. About 1623 stocks advanced while 721 stocks declined and 72 stocks remained unchanged on BSE.BR>BSE capital goods index surged 224.76 points to trade at 10150.21 as L&T (2.76%), BHEL (2.5%) and ABB (0.8%) are trading in green.BR>BSE auto index rose 126.69 points to trade at 5,125.40 as Bajaj Auto (5.25%), Hero Honda (2.27%), Maruti Udyog (1.81%) and M&M (1.58%) are trading in green.BR> BSE Metal index inclined 106.68 points to 9,773.68 as SAIL (2.72%), Hindalco (0.62%) and Tata Steel (0.39%) are trading higher.BR>BSE Oil & gas index was trading 133.27 points up at 7,268.61 as IPCL (1.87%), ONGC (1.55%), BPCL (1.32%), HPCL (0.74%) are trading in positive.BR>BSE IT index grew 71.71 points to trade at 5,125.00 as Satyam (2.06%), HCL (1.99%), TCS (1.86%) and Infosys (1.33%) are trading higher BR>.BSE Banks index advanced 66.59 points to trade at 6,949.48 as PNB (3.53%), SBI (1.46%), ICICI Bank (0.36%) are trading higher BR> .BSE Health Care index grew by 41.60 points to trade at 3,744.29 as Ranbaxy (1.55%), GSK (1.08%), Sun Pharma (0.85%) are trading higher.BR>BSE FMCG index increased 14.43 points to trade at 1,814.98 as Dabur (1.26%) and ITC (1.03%) are trading in green.BR>