Wednesday, December 5, 2007

Mid Session Market

The market has slipped from the day''s high but is still trading higher on the sustained buying is seen in the selective index pivotal mainly led by the Oil & Gas, Capital Goods and Realty stocks. However, the IT stocks are out of favor today as heavy selling witnessed in these stocks. Further, the broader market has outperformed the benchmark index today. As a result the overall market breadth remain positive, as 1965 stocks are advancing while 746 stocks are declining and 43 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 115.19 points at 9,019.73 and the BSE small Cap advanced by 225.80 points to trade at 11,182.31.

At 12.32 pm, BSE Sensex was at 19,607.08 up by 77.58 points whereas Nifty was at 5,894.10 up by 35.75 points.

BSE Capital goods index surged 133.20 points to 20,309.13. The main gainers are BEML (2.56%), Siemens (1.07%), L&T (1.49%), ABB (0.23%).

BSE Oil & Gas index was trading 128.83 points higher at 12,779.93 as GAIL (5.47%), HPCL (4.81%), BPCL (3.10%) and ONGC (2.94%) are trading in green.

BSE Auto index inclined 38.75 points to trade at 5,677.83. Leading to it are Tata Motors (3.24%), Bajaj Auto (1.63%), Mahindra & Mahindra (0.90%) and Maruti Suzuki (0.58%).

BSE Health Care index up by 34.73 points to trade at 3,892.82. Leading the gain are GSK (2%), Dr. Reddy (1.22%), Ranbaxy (1.03%) and Sun Pharma (0.73%).

BSE Power index advanced by 11.09 points to trade at 4,519.41 as Power Grid (1.32%), NTPC (1.09%), Tata Power (0.56%) and Areva (0.35%) are trading higher.

BSE IT index down by 32.14 points to trade at 4,215.46 as HCL Tech. (1.28%), Wipro (1.20%), Infosys (0.80%) and Satyam (0.23%) are trading in negative territory.

BSE Metal index dropped 27.33 points to trade at 18,841.95. The major losers are Sterlite Industries (2.06%), Tata Steel (0.46%) and SAIL (0.35%).

BSE FMCG index declined 6.20 points to trade at 2,171.39 as Marico (1.30%), Tata Tea (1.25%), ITC (0.49%) and HUL (0.24%) are trading in red.

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