Mid Market Session

The market is slipping in the red territory amidst concerns of global meltdown. The morning session witnessed selling pressure, as investors were concerned over the fall of US market. This has not only reduced the buying sentiment but also slowed the momentum that one could see a couple of days back. The cautiousness could be very well seen in the market as the benchmark index is trapped in the red territory. The Mid cap is lower by 34.61 points at 7,931.93 and small cap is flat with a marginal gain of 4.01 points to 9,650.62.

The overall market breadth looks negative as 1041 stocks are advancing while 1530 stocks are declining on BSE.

At 12.36 pm, BSE Sensex is low by 246.09 points at 19,478.26, while Nifty has lost 77.25 points at 5789.20.

BSE FMCG is gaining by 21.65 points at 2,059.85. Marico ltd, ITC and Colgate are gaining 4.03% at Rs. 72.30, 2.24% at Rs. 175.70 and 2.67% at Rs. 384 respectively. Marico ltd has recently acquired the consumer division of South Africa''s Enaleni Pharmaceuticals ltd for Rs. 52cr. The company is planning to enter the hair care market in South Africa.

BSE CG is paring 249.58 points at 19,891.61. The investors have started booking profit amidst the falling market. L&T, Siemens, and BHEL are down by 1.84% at Rs. 4,345, 2.54% at Rs. 1,801.1 and 1.48% at Rs. 2,622 respectively.

BSE Metal index is low by 193.72 points at 17,388.82. Jindal Steel has been gaining 2.27% at Rs. 12,380. Whereas Sesa Goa, Sterlite and Tata steel are low by 2.17%, 1.80% and 0.41% at Rs. 3,550, Rs. 1,008.90 and Rs. 881.50 respectively.

BSE Bankex is moving low by 75.12 points at 10,776.57. ICICI bank is low by 2.30% at Rs. 1,269 whereas HDFC and SBI are high by 0.33% at Rs. 1,681 and 1.95% at Rs. 2,111.15 respectively.

BSE Oil & Gas is moving low by 124.69 points at 11,415.15. GAIL and BPCL are low by 4.74% and 2.04% at Rs. 387.70 and Rs. 336 respectively.