Monday, December 31, 2007

Mid Sesion Market

The market is still trading higher on the back of strong buying momentum witnessed among the selective scrips mainly led by the Consumer Durables, Metal, Capital Goods and Realty stocks. However the Bank and IT stocks are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2578 stocks are advancing while 285 stocks are declining and the 14 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 201.15 points at 9,775.72 and the BSE small Cap advanced by 425.23 points to trade at 13,326.52.

At 12.31 pm, BSE Sensex was at 20,320.65 up by 113.70 points whereas Nifty was at 6,130.05 up by 50.35 points.

BSE Metal index surged 214.09 points to trade at 20,162.54. The major gainers are Hindalco Industries (2.82%), SAIL (0.71%), Tata Steel (0.21%) and Sterlite Industries (0.10%).

BSE Capital goods index advanced 192.92 points to 19,838.15. The main gainers are ABB (2.22%), L&T (0.91%), Siemens (0.48%) and BHEL (0.15%).

BSE Oil & Gas index was trading 86.76 points higher at 13,289.02 as BPCL (1.69%), Cairn India (1.21%), ONGC (0.73%) and RPL (0.45%) are trading in green.

BSE Power index inclined by 63.83 points to trade at 4,556.63 as Tata Power (4.63%), GVK Power (2.92%), Suzlon Energy (1.98%) and Torent Power (1.95%) are trading higher.

BSE FMCG index increased 35.76 points to trade at 2,316.36 as Godrej Consumer (6.15%), Tata Tea (2.83%), ITC (2.41%) and United Spirits (2.14%) are trading in green.

BSE IT index declined by 5.15 points to trade at 4,546.91 as HCL Tech. (1.52%), Wipro (1.14%), Satyam (0.67%) and Infosys (0.61%) are trading in negative territory.

BSE Banks index dropped by 32.02 points to trade at 11,354.33. The major losers are ICICI Bank (1.23%), HDFC Bank (0.73%), Kotak Bank (0.26%) and SBI (0.06%).

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