Mid Day Market Commentary

The market is trading firm since opening today on account of buying seen across the board led by metal, capital goods and banking sector. The overall market breadth is strong as 1426 stocks are advancing while 866 stocks are declining and 79 stocks remained unchanged on BSE.

At 12.30 pm, BSE sensex was at 14,625.70 up by 81.24 points and Nifty was at 4,307.20 up by 11.4 points. The BSE mid cap is higher by 62.20 points at 6,284.60 and small cap advanced by 96.47 points to 7,509.50.

BSE Metal index inclined 140.29 points to trade at 10,546.28 as NALCO (3.44%), Tata Steel (1.37%), Hindalco (0.32%) and SAIL (0.18%) are trading higher.

BSE Capital goods index surged 122.88 points to 11,276.87 as BHEL (1.78%), ABB (0.35%), L&T (0.15%) and Siemens (0.15%) are trading in green.

BSE Banks index advanced 113.78 points to trade at 7,721.13 as PNB (1.83%), ICICI Bank (1.8%), HDFC Bank (1.3%) and SBI (0.83%) are trading higher.

BSE IT index inclined 58.06 points to trade at 4,909.49 as TCS (1.21%), Infosys (1.17%), Satyam (1.01%) and HCL Tech. (0.52%) are trading in green.

BSE Health Care index inclined 31.04 points to trade at 3,872.88 as Cipla (2.12%), GSK (1.88%), Dr. Reddy (0.83%) and Ranbaxy (0.66%) are trading in positive.

BSE Auto index grew 29.95 points to trade at 5,042.23 as Bajaj Auto (0.78%), M&M (0.47%), Maruti Udyog (0.29%) are trading in positive while Hero Honda (1.37%) and Tata motors (0.48%) are trading in negative.

BSE Oil & gas index was trading 26.69 points up at 7,822.36 as RPL (0.25%) is trading in green whereas GAIL (1.49%), IPCL (1.36%) ONGC (1.13%) and BPCL (0.32%) are trading in red.

BSE FMCG index inclined 3.77 points to trade at 1,911.15 as HLL (0.69%) is trading in green while Dabur (1.1%) and ITC (0.98%) are trading in red.