Mid Day market Commentary

The market is still trading in green on the back of heavy buying seen in the selective scrips. The mid cap and the small cap are also trading higher by 31.30 points and 50.07 points to 5894.46 and 7081.64 respectively. Overall market breadth is strong.

At 12.30 pm, BSE sensex was at 14,002.47 up by 68.20 points and Nifty was at 4,141.85 up by 24.5 points. About 1402 stocks advanced while 915 stocks declined and 83 stocks remained unchanged in BSE.

BSE Metal index inclined 125.13 points to 10121.92 as Tata Steel (1.44%), NALCO (1.35%), Hindalco (0.74%) and SAIL (0.49%) are trading higher.

BSE Oil & gas index was trading 105.87 points up at 7350.83 as HPCL (3.93%), BPCL (3.58%), GAIL (1.35%) and IPCL (0.79%) are trading in positive territory while ONGC (0.48%) is trading in negative territory.

BSE capital goods index surged 89.82 points to trade at 10026.16 as ABB (2.07%), L&T (1.31%), BHEL (1.26%) and Siemens (0.8%) are trading in green.

BSE Banks index advanced 39.05 points to trade at 6913.54 as SBI (1.01%) and HDFC Bank (0.8%) are trading higher whereas PNB and ICICI Bank are trading down by (0.27%) and (0.22%) respectively.

BSE Auto index rose 27.84 points to trade at 5091.86 as Hero Honda (1.94%), Maruti Udyog (1.42%), Bajaj Auto (0.76%), M&M (0.27%) and Tata Motors (0.16%) are trading in green.

BSE Health Care index grew by 22.73 points to trade at 3768.09 as Ranbaxy (2.21%), Sun Pharma (1.75%) and GSK (0.2%) are trading higher while Dr. Reddy is trading lower by (0.49%).

BSE FMCG index increased 3.80 points to trade at 1815.31 as Dabur (1.25%) and HLL (0.64%) are trading in green whereas ITC (0.22%) are trading in red.

BSE IT index fell 13.98 points to trade at 5068.23 as Satyam (1.23%), Wipro (0.87%), HCL (0.63%) and Infosys (0.33%) are trading lower.