Mid Session Commentary

The market has now paired all its opening gains and slipped down to trade in the negative territory. The selling pressures are seen in the Consumer durables, Realty and IT stocks. However the broader market has outperformed the bench mark indices the BSE mid cap is higher by 41.26 points at 6,956.63 and small cap advanced by 107.89 points to 8,748.12.
The overall market breadth is positive as 1580 stocks are advancing while 1030 stocks are declining and 74 stocks remained unchanged on BSE.
At 12.30 pm, BSE Sensex was at 15,501.32 down by 3.11 points while Nifty was at 4,492.05 up by 2.60 points.
BSE Capital goods index improved 63.02 points to 13,767.87 as Siemens (1.36%), BHEL (0.42%) and L&T (0.31%) are trading up whereas ABB (0.33%) is trading down.
BSE Banks index up by 38.27 points to trade at 8,129.04 as ICICI Bank (1.56%), IDBI Bank (0.94%) and Kotak bank (0.36%) are trading in green while Punjab National Bank (1.24%) and SBI (0.33%) are trading in green.
BSE Auto index advanced 5.69 points to trade at 4,902.86 as Hero Honda Motors (1.35%) and Mahindra & Mahindra (0.43%) are trading in positive
BSE Metal index grew 4.52 points to trade at 12,016.10 as JSW Steel (1.35%), Hindalco Industries (0.16%) and NALCO (0.19%) are trading higher .
BSE Oil & Gas index was trading 4.91 points higher at 8,377 as GAIL (2.88%), RPL (0.78%) and ONGC (0.48%) are trading in positive whereas HPCL (0.53%), BPCL (0.38%), Indian Oil (0.12%) are trading in negative.
BSE FMCG index decreased 6.23 points to trade at 2,084.56 as ITC (1.10%) and HUL (0.93%) are trading lower .
BSE Health Care index dropped 3.92 points to trade at 3,665.06 as Cipla (1.74%), Dr. Reddy (0.62%), GSK (0.61%), Pfizer (0.38%)and Ranbaxy (0.17%) are trading in red .
BSE IT index slipped by 1.80 points to trade at 4,385.16 as Wipro (0.67%), Infosys (0.61%) and HCL tech. (0.18%) are trading down