Monday, November 26, 2007

Mid Session Market

The market has still maintained its opening rally and is trading with significant gain on the back of heavy buying momentum is seen across the board. Even the BSE Mid Cap and BSE Small Cap are also trading firmly. This led to the overall market breadth to remain in positive as 1960 stocks are advancing while 666 stocks are declining and 52 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 143.05 points at 8,371.55 and the BSE small Cap advanced by 178.36 points to trade at 10,349.79.

At 12.31 pm, BSE Sensex was at 19,197.91 up by 345.04 points whereas Nifty was at 5,707.80 up by 99.20 points.

BSE Metal index improved 516.91 points to trade at 17,110.39. The major gainers are NALCO (5.39%), Hindalco Industries (2.13%), SAIL (1.98%) and Sterlite Industries (1.36%).

NALCO has planned to set up an aluminum park close to its smelter plant in Orissa. The purpose of setting up the park was to generate employment and encourage per capita aluminium consumption among the people

BSE Capital goods index surged 423.07 points to 19,739.19. The main gainers are BHEL (2.40%), L&T (2.22%), ABB (0.84%) and Siemens (0.20%).

BSE Oil & Gas index was trading 224.80 points higher at 12,212.27 as HPCL (4.33%), ONGC (3.24%), BPCL (1.52%) and GAIL (1.43%) are trading in green.

BSE Banks index increased by 218.56 points to trade at 10,632.92. The major gainers are HDFC Bank (4.73%), PNB (2.92%), ICICI Bank (2.11%) and SBI (1.29%) are trading higher.

BSE IT index up by 98.33 points to trade at 4,115.43 as TCS (3.23%), Wipro (2.49%), Infosys (2.12%) and Satyam (1.91%) are trading in positive territory.

BSE Power index advanced by 97.76 points to trade at 4,380.11 as Suzlon Energy (4.10%), Reliance Energy (3.64%), GVK Power (3.84%) and Tata Power (2.65%) are trading higher.

BSE Auto index inclined 60.17 points to trade at 5,316.72. Leading to it are Bajaj Auto (1.97%), Hero Honda Motors (1.26%) Maruti Suzuki (0.63%) and Tata Motors (0.42%).

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