Mid Market Commentary

The market has gained more points in comparison to its opening level. The intensive buying in scrips continued across the board. The Oil & Gas, Metal and Realty stocks were in demand today. The overall market breadth is positive as 1670 stocks are advancing while 824 stocks are declining and 64 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 15,330.54 up by 208.80 points while Nifty was at 4,466.05 up by 53.75 points. The BSE mid cap is higher by 93.52 points at 6,578.96 and small cap advanced by 76.89 points to 8,034.85.

BSE Metal index surged 178.02 points to trade at 11,475.33 as NALCO (2.73%), Tata Steel (2.59%), SAIL (1.20%) and Sterlite Industries (0.78%) are trading in green.

BSE Banks index is trading up by 151.23 points to trade at 7,902.73 as PNB (2.99%), SBI (2.29%), ICICI Bank (2.06%) and HDFC Bank (1.19%) are trading higher.

BSE Oil & Gas index was trading 181.07 points higher at 8,157.50 as IPCL (3.48%), RPL (2.68%), ONGC (2.38%), HPCL (0.73%) and BPCL (0.43%) are trading in positive.

BSE Capital goods index increased 122.22 points to 13,428.94 as Siemens (1.27%), BHEL (0.97%) and ABB (0.62%) are trading in positive whereas L&T (0.04%) is trading in negative.

BSE Auto index improved 117.21 points to trade at 4,893.91 as M&M (6.35%), Tata Motors (4.11%), Maruti Udyog (3.58%) and Bajaj Auto (1.14%) are trading in green.

BSE Health Care index increased 53.20 points to trade at 3,554.37 as Ranbaxy (2.91%), Cipla (1.82%), Dr. Reddy (0.78%) are trading in green whereas GSK (0.76%) and Sun Pharma (0.08%) are trading in red.

BSE IT index advanced by 34.99 points to trade at 4,587.29 as HCL Tech.(1.33%), TCS (1.05%), Wipro (1.05%), Satyam (0.22%) and Infosys (0.12%) are trading up.

BSE FMCG index grew 12.61 points to trade at 1,961.93 as HUL (2.20%), Dabur (0.15%) and ITC (0.09%) are trading higher.

Source : www.indian-commodity.com