Mid Session Market

The market has extended its gains and is trading strong on the back of heavy buying momentum seen in the selective index pivotal. The Capital Goods, Oil & Gas and IT stocks are in strong demand today. However the FMCG stocks are still reeling under pressure. The overall market breadth is negative as 1195 stocks are advancing while 1290 stocks are declining on BSE.
At 12.40 pm, BSE Sensex was at 17,752.29 up by 260.90 points while Nifty was at 5,156.65 up by 71.55 points. The Mid cap is higher by 52.50 points at 7,264.10 and the small Cap advanced by 36.92 points to trade at 8,837.92.
BSE Capital goods index surged 199.31 points to 15,638.94. The main gainers are L&T (2.42%), Thermax Ltd. (1.50%), Suzlon Energy (1.15%) and BHEL (0.73%).
L&T has bagged a large project order worth Rs693 Crores from Indian Oil Corporation Ltd. This order comprises of two trains of 300 Tonnes per Day Sulphur Recovery Units (EPCC - 5) along with associated facilities such as Amine Regeneration Unit Sour Water Stripper & Tail Gas Treatment Unit
BSE IT index up by 62.65 points to trade at 4,832.96 as Satyam (2.41%), HCL Technologies (1.95%), Infosys (1.25%), TCS (1.02%) and Wipro (0.43%) are trading higher.
BSE Metal index advanced 51.27 points to trade at 13,640.88. The major gainers are Tata Steel (1.77%), SAIL (1.04%), Hindalco Industries (0.62%) and Sterlite Industries (0.54%).
BSE Oil & Gas index was trading 124.19 points higher at 9,921.84 as Reliance (2.49%), RPL (1.32%), ONGC (0.11%) and Cairn India (0.20%).
BSE Banks index increased by 24.92 points to trade at 9,009.78. The main gainers are Kotak Bank (4.16%), SBI (1.25%), Andhra Bank (0.80%) and ICICI Bank (0.37%).
BSE Auto index improved 51.49 points to trade at 5,322.20. Leading to the gains are Maruti Udyog (2.63%), Tata Motors (1.44%),Bajaj Auto (1.21%), and M&M (0.83%).
Maruti Udyog is all set to launch a new Sedan based Swift in January next year. This new model will be a replacement of Esteem.