Mid Session Market

The market is little volatile and is swinging in between the positive and negative territory. The heavy buying is seen in the capital Goods, bank and Metal stocks. However the IT and FMCG stocks are still felling the selling pressure. The BSE Mid Cap and Small Cap have outperformed the benchmark index. The Mid cap is higher by 135.54 points at 8,080.70 and the small Cap improved by 180.86 points to trade at 9,800.50.

The overall market breadth is positive. Only 1795 stocks are advancing while 762 stocks are declining and 59 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 18,870.90 up by 133.63 points and Nifty was at 5,651.25 up by 34.15 points.

BSE Capital goods index surged 201.67 points to 19.826.27. The main gainers are Lakshmi Machines (5.08%), L&T (2.18%), ABB (1.03%) and Praj Industries (1.06%).

BSE Metal index grew 78.34 points to trade at 16.844.40. The major gainers are Jindal Steel (5.34%), JSW Steel (2.99%) and Jindal Saw (2.95%).

BSE Banks index improved by 65.89 points to trade at 10,252.21. The major gainers are Union Bank (4.66%), Allahabad Bank (4.23%), Andhra Bank (3.62%) and Axix Bank (3.54%).

BSE Power index advanced by 41.03 points to trade at 4,435.18. Leading to its gain are Suzlon Energy (2.61%), Tata Power (2.52%), Power Grid (2.42%) and NTPC (2.29%) are trading higher.Tata Power is in the race for setting up the 4,000 MW Tilaiya ultra mega power project in Jharkhand. This project would mooted an estimated investment of more than Rs16,000 Crore.

BSE Oil & Gas index was trading 6.03 points higher at 11,375.27 as Essar Oil (0.74%), Reliance (0.53%), Indian Oil (0.57%) and BPCL (0.17%) are trading higher.

BSE IT index down by 44.70 points to trade at 4,090.44 as Wipro (2.41%), TCS (1.45%), Infosys (0.79%) and Satyam (0.73%) are trading lower.

BSE FMCG index decreased 15.85 points to trade at 2,041.16 as ITC (1.77%), HUL (0.78%) and Dabur (0.52%) are trading lower.