Mid Session Market

The market is now gaining further momentum on account of heavy buying is seeing across the board. All the key sectorial indices are trading with significant gain. The Metal index is the star performer of the day. It has touched an intra day high of 15634.04. In line with this the Capital Goods, Oil & Gas and Bank stocks are also attracting significant attention.

The overall market breadth is extremely positive as 1952 stocks are advancing while 657 stocks are declining and 61 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 18,923.96 up by 504.92 points and Nifty was at 5,600.05 up by 171.80 points. The Mid cap is higher by 184.17 points at 7,713.71 and the small Cap advanced by 223.79 points to trade at 9,322.44.

BSE Metal index surged 691.49 points to trade at 15,532.93. The major gainers are Sterlite Industries (11.04%), Hindalco industries (3.91%), Tata Steel (3.53%) and NALCO (2.28%).

BSE Oil & Gas index was trading 307.73 points higher at 10,883.68 as ONGC (4.50%), GAIL (2.74%) and RPL (1.69%) are trading higher.

BSE Capital goods index improved 306.11 points to 16,920.80. The main gainers are Siemens (5.55%), ABB (3.38%), BHEL (3.08%) and L&T (1.13%).

BSE IT index up by 38.02 points to trade at 4,725.81 as Wipro (2.05%), TCS (1.79%), Satyam (1.14%), Infosys (0.88%) and HCL Technologies (0.64%) are trading higher.

BSE Banks index increased by 214.56 points to trade at 9,525.35. The main gainers are HDFC Bank (3.28%), PNB (2.54%), SBI (1.93%) and ICICI Bank (1.80%). The HDFC Bank bank has registered a 40% rise in its net profit to Rs.368.48 Crores for the second quarter. The rise in net profit was due to the higher interest income.

BSE Auto index enhanced 64.77 points to trade at 5,579.30. Leading to the gains are Maruti Suzuki (3.92%), Mahindra & Mahindra (1.93%), Tata Motors (1.87%) and Ashok Leyland (1.84%).