Monday, December 3, 2007

Mid Session Market

The market continued to trade at higher level on the back of sustained buying is seen across the board mainly led by the Metal, Oil & Gas, Capital Goods and Power stocks. The Mid Cap and Small Cap are also trading in line with the benchmark index. The overall market breadth is positive as 2090 stocks are advancing while 564 stocks are declining and 44 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 190.09 points at 8,743.65 and the BSE small Cap advanced by 264.56 points to trade at 10,790.58.

At 12.32 pm, BSE Sensex was at 19,561.07 up by 197.88 points whereas Nifty was at 5,855.50 up by 92.75 points.

BSE Metal index surged 445.88 points to trade at 18,176.41. The major gainers are Sterlite industries (4.36%), Hindalco Industries (4.32%), SAIL (1.93%) and Tata Steel (1.69%).

Sail has doubled its investment in its corporate plan-2012. The investment would be Rs53,000 Crore to increase the hot metal capacity to 26 million tones.

BSE Oil & Gas index was trading 316.96 points higher at 12,676.69 as BPCL (3.89%), HPCL (2.93%), RPL (2.29%) and ONGC (1.20%) are trading in green.

BSE Capital goods index improved 292.30 points to 19,929.68. The main gainers are ABB (2.12%), BHEL (1.94%), Siemens (1.60%) and L&T (1.48%).

BSE Power index advanced by 127.27 points to trade at 4,471.49 as Tata Power (8.95%), Reliance Energy (8.24%), GVK Power (5.32%), Tata Power (3.17%) and Tornt Power (3.84%) are trading higher.

BSE Auto index inclined 98.92 points to trade at 5,568.42. Leading to it are Mahindra & Mahindra (2.60%), Maruti Suzuki (2.47%), Bajaj Auto (2.11%) and Tata Motors (1.64%).

BSE Health Care index up by 29.90 points to trade at 3,852.80. Leading the gain are Ranbaxy (2.33%), GSK (2.01%), Cipla (1.09%) and Sun Pharma (0.63%).

BSE IT index up by 29.38 points to trade at 4,227 as Wipro (6.72%), TCS (2.77%) and Satyam (0.68%) are trading in positive territory.

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