Mid Session Market

After opening from the more than half an hour close, the market is now trading with modest gain as some fresh buying emerged in the Metal, Health Care & IT stocks. However the Realty stocks are facing a huge sell off today. The Rupee is now trading at Rs.39.78 as against dollar.

The overall market breadth is negative as 1121 stocks are advancing while 1425 stocks are declining and 74 stocks remained unchanged on BSE.

At 12.45 pm, BSE Sensex was at 16,897.29 up by 51.46 points while Nifty was at 4,942.45 up by 10.25 points. The BSE mid cap is higher by 17.52 points at 7,327.66 and small cap advanced by 36.90 points to 9,000.33.

BSE Metal index surged 145.55 points to trade at 13,176.02 as SAIL (2.53%), Tata Steel (1.47%), Hindalco Industries (0.68%) and JSW Steel (6.33%) are trading higher.

BSE Oil & Gas index was trading 19.40 points higher at 9,670.57 as BPCL (9.51%), HPCL (3.91%), Essar Oil (2.49%), IPCL (0.65%) and ONGC (0.43%) are trading in positive.

BSE Health Care index enhanced 31.75 points to trade at 3,694.98 as Ranbaxy (2.54%), Cipla (2.40%) and GSK (1.43%) are trading in green while Glenmark (1.39%), Sun Pharma (0.84%) and Dr. Reddy are trading in red.

BSE IT index increased by 15.75 points to trade at 4,365.58 as HCL Technologies (1.08%), Infosys (0.79%) and Satyam (0.73%) are trading up.

BSE Capital goods index dropped 44.74 points to 14,792.97 as Siemens (1.52%) and ABB (0.31%) and BHEL (0.01%) are trading down while L&T (0.24%) is trading up.

BSE Banks index slipped by 8.21 points to trade at 8,953.28 as PNB (0.93%) and SBI (0.60%) are trading in red while IDBI Bank (2.19%), HDFC Bank (0.73%) and ICICI Bank (0.01%) are trading in green.

BSE Auto index decreased 34.14 points to trade at 5,263.12 as Hero Honda (3.91%), Bajaj Auto (1.63%), Tata Motors (0.94%) and Maruti Udyog (0.82%) are trading in negative while Ashok Leyland (1.10%) and M&M (0.54%) are trading in positive.