Mid Session Market

The market is still trading lower on the back of heavy sell of continued in the selective scrips mainly led by the Capital Goods, Realty and Power stocks. The market has been extremely volatile from the opening session. Even the BSE Mid Cap and BSE Small Cap are also facing the selling tune. This led to the overall market breadth to remain in negative as 773 stocks are advancing while 1834 stocks are declining and 58 stocks remained unchanged on BSE.

The BSE Mid cap is also lower by 174.15 points at 8,043.69 and the BSE small Cap slipped by 213.52 points to trade at 10,051.71.

At 12.31 pm, BSE Sensex was at 18,392.50 down by 210.12 points whereas Nifty was at 5,474 down by 87.05 points.

BSE Banks index increased by 125.92 points to trade at 10,353.63. The major gainers are PNB (4.34%), SBI (4.17%), ICICI Bank (0.91%) and HDFC Bank (0.32%) are trading higher.

Punjab National Bank''s board has given a green signal for the scheme of merger of PNB gilts with the bank.
BSE Oil & Gas index was trading 23.79 points higher at 11,754.78 as HPCL (2.19%), BPCL (1.58%), GAIL (0.95%) and RPL (0.49%) are trading in green.

BSE Health Care index up by 7.63 points to trade at 3,821.26. Leading the gain are Cipla (1.66%), Dr. Reddy (1.17%), Sun Pharma (0.56%), Ranbaxy (0.50%) and GSK (0.19%).

BSE Capital goods index dropped 277.21 points to 19,025.57. The main losers are L&T (1.68%), BHEL (1.53%), ABB (1.11%) and Siemens (0.41%).

BSE Metal index dropped 10.17 points to trade at 16,243.42. The major losers are Sterlite Industries (2.04%), NALCO (2.01%) and Tata Steel (0.48%).

BSE Power index slipped by 70.38 points to trade at 4,176.13 as Tata Power (4.25%), NTPC (3.55%), Reliance Energy (3.59%) and Crompton Greaves (2.06%) are trading lower.

BSE IT index down by 7.48 points to trade at 3,980.18 as Satyam (0.72%), HCL Technologies (0.69%), Infosys (0.45%) and Wipro (0.23%) are trading lower.