Mid Session Market

The market is little volatile today and is trading in between the positive and negative territory. Most of the BSE indices are trading in red with an exception of Bank, Consumer Durables and Realty stocks. The Metal index is the top of the day. It has touched an intra day high of 9,988.30.

The overall market breadth is negative as 1212 stocks are advancing while 1370 stocks are declining and 72 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 19,024.85 down by 33.82 points and Nifty was at 5,553.30 down by 7.10 points. The Mid cap is higher by 60.48 points at 7,777.39 and the small Cap advanced by 51.19 points to trade at 9,363.16.

BSE Banks index surged by 222.51 points to trade at 9,929.32. The major gainers are Axis Bank (4.87%), ICICI Bank (4.56%), PNB (1.33%) and SBI (0.36%).

BSE Metal index dropped 19.62 points to trade at 16,180.56. The major losers are NALCO (2.79%), Hindalco industries (1.59%), Sterlite Industries (1.29%) and Tata Steel (0.44%).

BSE Oil & Gas index was trading 2.14 points lower at 11,050.67 as GAIL (2.05%), ONGC (1.60%) and BPCL (1.11%) are trading lower.

BSE Capital goods index slipped 110.07 points to 17,009.63. The main losers are L&T (2.05%), Suzlon Energy (1.59%) and BHEL (0.91%).

BSE IT index down by 81.06 points to trade at 4,631.37 as Infosys (2.85%), HCL Tech. (1.60%), Wipro (1.02%) and TCS (0.47%) are trading higher.TCS has registered a 22.8% growth in its net profit at Rs.1,251.60 Crores despite concern over the rising rupee as against dollar and also sub prime crisis in the US market.. The company revenues were also up by 25.4% T rs.5,639.73 Crores.

BSE Health Care index decreased by 22.18 points to trade at 3,820.05. Leading the loss are Sun Pharma (2.32%), GSK (1.70%), Cipla (1.06%) and Ranbaxy (0.23%).

BSE Auto index dropped 60.95 points to trade at 5,552.42. Leading to the declines are Hero Honda (2.61%), Mahindra & Mahindra (2.28%), Maruti Suzuki (1.38%) and Tata Motors (0.61%).