Mid Session Market

The market continued to trade at higher level as strong buying continued across the board mainly led by the Metal Realty, Oil & Gas and Bank stocks. Further the data released by the government showed that GDP growth for the Q2 of current fiscal were little better than the expectation. It grew strongly at 8.9% in the second quarter/(September 2007) of current fiscal versus 10.2% during the same quarter previous year. The overall market breadth is positive as 1736 stocks are advancing while 915 stocks are declining and 72 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 165.92 points at 8,528.47 while the BSE small Cap advanced by 124.27 points to trade at 10,514.02.

At 12.32 pm, BSE Sensex was at 19,356.72 up by 353.46 points whereas Nifty was at 5,768.40 up by 133.80 points.

BSE Metal index improved 697.78 points to trade at 17,570.10. The major gainers are Sterlite industries (10.13%), Hindalco Industries (3.89%), NALCO (3.65%) and Tata Steel (2.63%).

BSE Oil & Gas index was trading 220.42 points higher at 12,265.02 as BPCL (3.66%), ONGC (2.99%), HPCL (1.78%) and GAIL (1.67%) are trading in green.

BSE Capital goods index improved 168.11 points to 19,578.59. The main gainers are Siemens (1.22%), L&T (0.86%), BHEL (0.53%) and ABB (0.26%).

BSE IT index up by 68.42 points to trade at 4,154.18 as TCS (3.73%), Infosys (2.55%), Wipro (1.34%) and HCL Technologies (1.27%) are trading in positive territory.

BSE Auto index inclined 64.89 points to trade at 5,484.40. Leading to it are Mahindra & Mahindra (3.05%), Maruti Suzuki (1.92%) and Tata Motors (1.53%).

BSE Power index advanced by 68.65 points to trade at 4,322.08 as Reliance Energy (3.44%), Tata Power (3.17%), Crompton Greaves (2.68%) and Suzlon Energy (2.49%) are trading higher.

BSE FMCG index inclined 27.77 points to trade at 2,148.95 as United Spirits (5.60%), Glaxosmith Con(4.12%), Dabur (1.41%) are trading in green.