Mid Market Commentary

The market is now trading flat after it has pared all its opening gains as selling emerged in the selective scrips led by Oil & Gas and Capital Goods stocks. The market is little volatile since its opening session. However the broader market has outperformed. The overall market breadth is positive as 1597 stocks are advancing while 951 stocks are declining

At 12.30 pm, BSE Sensex was at 15,479.40 up by 26.89 points while Nifty was at 4,477.05 down by 2.20 points. The BSE mid cap is higher by 29.83 points at 6,795.75 and small cap advanced by 36.39 points to 8,307.34.

BSE Banks index is trading up by 11.49 points to trade at 8,018.07 as IDBI Bank (2.11%), ICICI Bank (0.43%) and PNB (0.41%) is trading in green while HDFC Bank (0.94%) and SBI (0.12%) are trading in red.

BSE Metal index advanced 43.27 points to trade at 11,621.84 as SAIL (0.88%), Tata Steel (0.67%) and Sterlite Industries (0.16%) are trading higher.

BSE Health Care index increased 4.04 points to trade at 3,684.40 as Cipla (2.22%), Sun Pharma (0.42%) and Dr. Reddy (0.30%) are trading in positive whereas Ranbaxy (1.47%) and GSK (0.35%) are trading in negative.

BSE IT index advanced by 36.77 points to trade at 4,662.61 as Wipro (1.07%), Satyam (0.89%), TCS (0.66%), Infosys (0.63%) and HCL Tech. (0.32%) are trading up.

BSE FMCG index grew 0.42 points to trade at 1,994.66 as Dabur (1.25%), HUL (0.45%) are trading higher while ITC (0.32%) is trading higher.

BSE Capital goods index dropped 22.62 points to 13,609.99 as Siemens (1.66%), BHEL (1.10%) and L&T (0.38%) are trading down whereas ABB (0.42%) is trading up.

BSE Oil & Gas index was trading 14.30 points lower at 8,173.24 as RPL (0.81%), IPCL (0.77%), GAIL (0.64%), HPCL (0.42%) and BPCL (0.33%) are trading in negative.

BSE Auto index slipped 4.74 points to trade at 4,869.58 as Maruti Udyog (1.68%), M&M (0.84%) and Hero Honda (0.78%) are trading in red while Bajaj Auto (1.26%) and Tata Motors (0.25%) are trading in green.