Mid Session Market

The market has gained further grounds and is trading firm. The Capital goods, Metal, Bank and Oil & gas stocks are demand today. All the BSE indices are trading in green. The BSE Mid cap is also higher by 175.43 points at 8,289.15 and the BSE small Cap improved by 253.25 points to trade at 10,054.54.

The overall market breadth is extremely positive as 2038 stocks are advancing while 609 stocks are declining and 62 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 19,716.56 up by 681.08 points and Nifty was at 5,886.15 up by 190.75 points.

BSE Metal index grew 577.15 points to trade at 17,623.88. The major gainers are SAIL (4.42%), Tata Steel (3.72%), Sterlite Industries (3.59%) and Hindalco Industries (3.45%).

SAIL is likely to invest Rs.2000 Crores to set up new units. The steel ministry has decided to set up a total of 10 steel processing units in industrially-backward districts across the country. T

BSE Banks index improved by 422.17 points to trade at 10,960.22. The major gainers are HDFC Bank (8.58%), PNB (6.38%), ICICI Bank (4.43%) and SBI (2.83%).

BSE Oil & Gas index was trading 381.80 points higher at 11,790.73 as Essar Oil (11.81%), GAIL (4.60%), RPL (3.69%) and ONGC (3.56%) are trading higher.

BSE Power index advanced by 116.15 points to trade at 4,643.83. Leading to its gain are Areva (7.70%), GVK Power (6.91%), Tata Power (2.32%) and Tornt Power (1.86%) are trading higher.

BSE IT index up by 113.65 points to trade at 4,209.38 as Infosys (3.50%), TCS (2.64%), Wipro (2.26%) and Satyam (2.19%) are trading higher.Satyam has announced that they will launch Airline xPress Solution, the first, in a series of innovative Oracle-based xPress solutions, developed by Satyam. BSE Auto index inclined 111.69 points to trade at 5,247.94. Leading to it higher are Tata Motors (2.60%), Maruti Suzuki (2.49%), Mahindra & Mahindra (1.27%) and Hero Honda (0.60%).