Thursday, November 29, 2007

Mid Session market

The market is trading in the deep positive territory with significant gains. Today is the day of the expiry of the Future and Option. Heavy buying continued across the board. The Bank, Metal Realty and Oil & Gas are in top pick stocks of the day. The Mid Cap and Small Cap also joined the rally but they are outperformed the benchmark index. The overall market breadth is positive as 1592 stocks are advancing while 1025 stocks are declining and 73 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 86.64 points at 8,470.13 while the BSE small Cap advanced by 95.31 points to trade at 10,470.61.

At 12.32 pm, BSE Sensex was at 19,261.84 up by 322.97 points whereas Nifty was at 5,712.30 up by 94.75 points.

BSE Metal index improved 310.41 points to trade at 17,286.77. The major gainers are Sterlite industries (4.26%), NALCO (3.63%), Hindalco Industries (1.63%) and Tata Steel (0.98%).

BSE Oil & Gas index was trading 118.34 points higher at 12,035.92 as BPCL (2.34%), ONGC (0.87%) and HPCL (0.70%) are trading in green.

BSE Capital goods index improved 112.88 points to 19,667.07. The main gainers are Siemens (2.01%), L&T (0.92%) and ABB (0.06%).

BSE IT index up by 72.77 points to trade at 4,154.17 as Wipro (2.67%), Infosys (2.04%), Satyam (1.65%) and TCS (1.64%) are trading in positive territory.

BSE Auto index inclined 66.60 points to trade at 5,470.75. Leading to it are Hero Honda (2.97%), Maruti Suzuki (2.79%), Mahindra & Mahindra (2.11%) and Tata Motors (1.80%).

BSE Power index advanced by 27.72 points to trade at 4,325.04 as Tata Power (1.82%), Crompton Greaves (1.69%), Reliance Energy (0.82%) and Suzlon Energy (0.78%) are trading higher.

BSE FMCG index inclined 27.64 points to trade at 2,161.51 as Dabur (5.98%), Godrej Consumer (3.52%), ITC (2.06%) and United Spirits (1.55%) are trading in green.

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