Tuesday, November 20, 2007

Mid Session Market

The market is now off the day''s low and is trading flat on the back of buying momentum seen in the selective scrips. The Metal and Bank stocks are in strong demand today whereas the Realty and IT stocks are still lagging behind. The BSE Mid Cap and BSE Small Cap still continued to outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 1955 stocks are advancing while 731 stocks are declining and 44 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 94.91 points at 8,825.73 and the BSE small Cap improved by 208.64 points to trade at 10,881.53.

At 12.31 pm, BSE Sensex was at 19,669.45 up by 36.09 points whereas Nifty was at 5,903 down by only 5 points.

BSE Metal index surged 126.78 points to trade at 17,795.64. The major gainers are Jindal Stainless (14.92%), Ispat Industries (5.29%), Tata Steel (1.91%) and SAIL (1.36%).BSE Banks index increased by 69.87 points to trade at 10,990.54. The major gainers are SBI (1.48%), ICICI Bank (1.43%) and PNB (0.98%) are trading higher.

BSE Health Care index increased by 25.60 points to trade at 3,975.13. Leading the gain are Cipla (1.07%), Ranbaxy (0.96%) and GSK Pharma (0.10%).

BSE Oil & Gas index was trading 7.70 points higher at 12,475.20 as GAIL (4.03%), HPCL (2.65%), ONGC (1.18%) and RPL (0.96%) are trading higher.

BSE Auto index inclined 1.70 points to trade at 5,414.94. Leading to it higher are Hero Honda Motors (1.27%), Tata Motors (1%) and Bajaj Auto (0.08%).

BSE Capital goods index dropped 81.13 points to 20.725.29. The main losers are BHEL (1.51%), ABB (1.33%) and Siemens (0.24%).

BSE Power index slipped by 12.86 points to trade at 4,640.41 as Tata Power (2.35%), GVK Power (0.98%) and Areva (0.59%) are trading lower.

BSE IT index down by 45.56 points to trade at 4,115.32 as TCS (1.91%), HCL Technologies (1.69%), Wipro (1.53%) and Infosys (1.36%) are trading lower.The market is now off the day''s low and is trading flat on the back of buying momentum seen in the selective scrips. The Metal and Bank stocks are in strong demand today whereas the Realty and IT stocks are still lagging behind. The BSE Mid Cap and BSE Small Cap still continued to outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 1955 stocks are advancing while 731 stocks are declining and 44 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 94.91 points at 8,825.73 and the BSE small Cap improved by 208.64 points to trade at 10,881.53.

At 12.31 pm, BSE Sensex was at 19,669.45 up by 36.09 points whereas Nifty was at 5,903 down by only 5 points.

BSE Metal index surged 126.78 points to trade at 17,795.64. The major gainers are Jindal Stainless (14.92%), Ispat Industries (5.29%), Tata Steel (1.91%) and SAIL (1.36%).BSE Banks index increased by 69.87 points to trade at 10,990.54. The major gainers are SBI (1.48%), ICICI Bank (1.43%) and PNB (0.98%) are trading higher.

BSE Health Care index increased by 25.60 points to trade at 3,975.13. Leading the gain are Cipla (1.07%), Ranbaxy (0.96%) and GSK Pharma (0.10%).

BSE Oil & Gas index was trading 7.70 points higher at 12,475.20 as GAIL (4.03%), HPCL (2.65%), ONGC (1.18%) and RPL (0.96%) are trading higher.

BSE Auto index inclined 1.70 points to trade at 5,414.94. Leading to it higher are Hero Honda Motors (1.27%), Tata Motors (1%) and Bajaj Auto (0.08%).

BSE Capital goods index dropped 81.13 points to 20.725.29. The main losers are BHEL (1.51%), ABB (1.33%) and Siemens (0.24%).

BSE Power index slipped by 12.86 points to trade at 4,640.41 as Tata Power (2.35%), GVK Power (0.98%) and Areva (0.59%) are trading lower.

BSE IT index down by 45.56 points to trade at 4,115.32 as TCS (1.91%), HCL Technologies (1.69%), Wipro (1.53%) and Infosys (1.36%) are trading lower.

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