Thursday, December 6, 2007

Mid Session Market

The market has maintained its opening rally and is still trading higher. All the BSE indices are trading in green. The heavy buying is seen in the Realty, Capital Goods and Metal stocks. The BSE Mid Cap and BSE Small Cap are aso trading in line with the benchmark index. As a result the overall market breadth remain positive, as 2037 stocks are advancing while 704 stocks are declining and 54 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 92.59 points at 9,145.42 and the BSE small Cap advanced by 206.83 points to trade at 11,478.79.

At 12.32 pm, BSE Sensex was at 19,932.30 up by 194.23 points whereas Nifty was at 6,008.80 up by 68.80 points.

BSE Capital goods index surged 268.77 points to 20,672.03. The main gainers are Siemens (2.90%), L&T (1.11%), ABB (1%) and BHEL (0.11%).

BSE Metal index improved 263.88 points to trade at 19,308.10. The major gainers are Sterlite Industries (4.87%), NALCO (1.86%) and Tata Steel (0.23%).Sterlite Industries''s subsidiary Sterlite Energy is in talks with private equity firms and financial investors to sell about 15% stake before a planned initial share offer.

BSE Oil & Gas index was trading 96.59 points higher at 13,036.58 as RPL (3.14%), ONGC (1.33%) and BSE Health Care index up by 82.25 points to trade at 4,032.98. Leading the gain are Cipla (5.26%), Ranbaxy (1.53%), GSK (1.44%) and Dr. Reddy (0.90%).

BSE Power index advanced by 86.03 points to trade at 4,627.72 as Crompton Greaves (3.54%), Suzlon Energy (3.38%), Reliance Energy (2.67%) and Torent Power (1.15%) are trading higher.

BSE Auto index inclined 68.88 points to trade at 5,760.69. Leading to it are Mahindra & Mahindra (3.23%), Hero Honda (0.57%) and Tata Motors (0.13%).

BSE IT index up by 56.02 points to trade at 4,288.05 as Infosys (2.24%), TCS (0.87%) and Satyam (0.46%) are trading in positive territory.

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