Mid Day Market Commentary

The market is trading in the positive territory as the sustained buying continued in the selective scrips led by IT, Auto and Metal index in the board. The overall market breadth is positive as 1348 stocks are advancing while 1099 stocks are declining and 89 stocks remains unchanged on BSE.

At 12.31 pm, BSE sensex was at 15,075.75 up by 30.02 points while Nifty was at 4,425.15 up by 5.75 points. The BSE mid cap is higher by 17.52 points at 6,701.22 and small cap advanced by 44.66 points to 8,064.65.

BSE IT index advanced 72.84 points to trade at 5,069.50 as Satyam (2.03%), Infosys (1.55%), HCL Tech. (0.88%) and Wipro (0.38%) are trading in green.

BSE Metal index improved 65.68 points to trade at 10,936.15 as SAIL (0.75%), Tata Steel (0.64%) and Hindalco (0.23%) are trading in positive.

BSE Auto index increased 65.74 points to trade at 4,954.63 as Tata Motors (3.49%), Bajaj Auto (2.23%), Maruti Udyog (0.75%) and M&M (0.26%) are trading in green.

BSE Health Care index grew 11.99 points to trade at 3,854.89 as Dr. Reddy (0.59%), Cipla (0.47%) and GSK (0.08%) are trading in positive.

BSE Banks index is trading up by 8.46 points to trade at 8,188.18 as HDFC Bank (0.60%) and SBI (0.13%) are trading in positive while PNB (0.74%) and ICICI Bank (0.31%) are trading in negative.

BSE Capital goods index dropped 12.96 points to 12,888.86 as Siemens (0.63%) and L&T (0.33%) are trading in red while BHEL is trading higher by (0.25%) to Rs.1583 Crores.

BSE Oil & Gas index was trading 7.70 points down at 7,646.61 as GAIL (0.94%) and BPCL (0.89%) are trading in red whereas ONGC (0.56%) and HPCL (1.20%) are trading in green.

BSE FMCG index dropped 5.40 points to trade at 1,839.08 as Dabur (2.97%), ITC (0.87%) and HLL (0.20%) are trading in negative.