Mid Session Market

The market is still trading but has given up most of its early gains as selling emerged at higher level mainly led by the Oil & Gas, Metal and Capital Goods stocks. However the bank stocks are in heavy demand today. The selling also witnessed in the BSE Mid Cap and BSE Small Cap. As a result the overall market breadth remain positive, as 1603 stocks are advancing while 1182 stocks are declining and 35 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 9.80 points at 9,023.96 while the BSE small Cap advanced by 35.04 points to trade at 11,395.77.

At 12.32 pm, BSE Sensex was at 19,874.04 up by 78.17 points whereas Nifty was at 5,956.05 up by 1.35 points.

BSE Banks index surged by 119.43 points to trade at 11,227.71. The major gainers are SBI (1.34%), HDFC Bank (1.24%) and ICICI Bank (0.83%).

BSE IT index up by 68.56 points to trade at 4,335.71 as Infosys (3.06%), TCS (1.16%) and Satyam (0.23%) are trading in positive territory.

BSE Health Care index up by 26.18points to trade at 4,016.28. Leading the gain are Ranbaxy (1.51%), Sun Pharma (1.38%), Cipla (0.51%)

BSE Power index advanced by 0.54 points to trade at 4,560.64 as Tata Power (2.80%), CESC Ltd. (1.94%), Suzlon Energy (1.80%) and GVK Power (0.64%) are trading higher.

BSE Oil & Gas index was trading 121.71 points lower at 12,714.12 as GAIL (2.52%), HPCL (1.95%), ONGC (1.67%) and BPCL (1.42%) are trading in red.

BSE Capital goods index dropped 30.14 points to 20,347.10. The main losers are BHEL (0.72%), L&T (0.65%) and Siemens (0.26%).

BSE Metal index slipped 19.40 points to trade at 18,901.81. The major losers are Gujarat NRE (2.82%), Mharastra seamless (2.36%), SAIL (1.90%) and Tata Steel (1.33%).