Mid Session Market

The market is trading flat, as sustained buying continued in the broader market. The IT, Metal and Capital stocks are facing some selling pressure. However the buying in Oil & Gas and Consumer Durables stocks has provided some momentum to the market. The BSE Mid Cap and BSE Small have significantly outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 2014 stocks are advancing while 662 stocks are declining and 41 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 139.93 points at 8,554.02 and the BSE small Cap improved by 213.61 points to trade at 10,441.27.

At 12.40 pm, BSE Sensex was at 1197750.73 down by 34.16 points whereas Nifty was at 5,916.10 marginally up by 4 points.

BSE Oil & Gas index was trading 276.17 points higher at 12,592.05 as HPCL (8.33%), BPCL (6.34%), GAIL (3.18%), RPL (1.88%) and ONGC (0.81%) are trading higher.

BSE Power index advanced by 77.28 points to trade at 10,600.70 as Omaxe (2.37%), Parsavnath (2.36%), Phoenix Mill (1.38%) and Unitech (1.28%) are trading higher.

BSE FMCG index increased 35.79 points to trade at 2,174.41 as Bata (5.02%), ITC (4.19%), Nestle (2.40%) and Tata Tea (1.30%) are trading higher.

BSE Auto index inclined 40.16 points to trade at 5,289.42. Leading to it higher are Hero Honda (1.31%), M&M (1.11%), Maruti Suzuki (0.48%) and Bajaj Auto (0.21%).

BSE Banks index increased by 6.76 points to trade at 11,059.78. The major gainers are Oriental Bank (5.60%), Allahabad Bank (4.71%), Kotak Bank (4.11%) and Andhra Bank (3.76%).

BSE Metal index fell 20.86 points to trade at 17,719.03. The major losers are SAIL (1.13%), Tata Steel (0.93%) and NALCO (0.71%).

BSE Capital goods index dropped 50.95 points to 20.854.92. The main losers are L&T (0.99%), Crompton Greaves (0.92%), BHEL (0.54%) and BEML (0.36%).

BSE IT index down by 44.38 points to trade at 4,152.11 as Satyam (2.10%), HCL Tech.(1.33%), Infosys (1.21%), Wipro (0.88%) are trading lower.