Mid Market Session

The BSE Sensex is trapped in high volatility, as investors remain cautious ahead of the outcome from SEBI''s meeting. The fundamental growth factor of companies seems to be least influencing the market as investors are capitalizing on the future prospects of the company rather than just quarterly results. Investors should be a little more cautious at this juncture. Mid cap is higher by 121.16 points at 7,771.85 and small cap advanced by 145.99 points to 9,388.37.

The overall market breadth looks positive as 1671 stocks are advancing while 887 stocks are declining on BSE.

At 12.30pm, BSE Sensex is up by 154.34points at 18,667.25 while Nifty was low by 29.4 points at 5,525.55.

BSE Metal index is gaining by a striking 738.32 points to trade at 16,511.26. Tata Steel gained by 5.25% at Rs. 963.50. Tata Steel is looking for a new investment proposal in Brazil. This time it is looking forward to built a plant rather than acquiring. Sterlite and SAIL are also moving high by 3.66% and 2.20% at Rs. 912 and Rs. 248.80 respectively.

BSE CD remains firm since morning with a gain of points 107.93 at 5,232.60. Blue star is moving phenomenal with a gain of 6.86% at Rs. 387 followed by Gitanjali and Titan with their respective gains of 2.95% and 1.46% at Rs. 383 and Rs. 1682.

BSE Bankex has spurred after a sluggish move in the morning with a gain of 116.53 points at 9,782.20. Punjab National Bank and SBI are still maintaining their growth with gains of 3.25% at Rs. 527.50 and 1.67% at Rs. 1,939.90. ICICI Bank has recoiled from the early loss in the morning and now it has gained 2.49% at Rs. 1,125.

BSE CG is back with a gain of 200 .55 points at 17,312.87. Cropmton Greaves , Bhel and Thermax are gaining by 3.71% at Rs. 391, 1.05% at Rs. 2,297.90 and 4.55% at Rs. 892 respectively. Despite a remarkable result by Suzlon Energy, the market didn''t respond that surprisingly as the scrip is low by 0.78% at Rs. 1,893.80.