Mid Session Market

The market is still trading lower on the back of heavy selling pressure continued across the borad mainly led by the Metal and Power stocks. However, the significant buying in the Bank and Realty stocks has kept the market in motion and range bound. The BSE Mid Cap and BSE Small Cap has outperformed the benchmark index today as most buying witnessed in these stocks only. As a result the overall market breadth remain positive, as 1959 stocks are advancing while 800 stocks are declining and 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 83.62 points at 9,105.58 and the BSE small Cap advanced by 163.91 points to trade at 11,506.18.

At 12.32 pm, BSE Sensex was at 19,925.37 down by 40.63 points whereas Nifty was at 5,945 down by 29 points.

BSE Banks index surged by 76.85 points to trade at 11,454.81. The major gainers are Union Bank (6.64%), Yes Bank (5.51%), Andhra Bank (3.07%) and Allahabad Bank (2.07%).

BSE Metal index slipped 115.75 points to trade at 18,622.33. The major losers are Sterlite Industries (1.55%), SAIL (1.46%), Jindal Steel (1.51%) and ISPAT (1%).

BSE Power index dropped by 47.02 points to trade at 4,480.61 as Areva (1.62%), NTPC (1.38%), CESC Ltd. (1.02%), Tata Power (1.19%) and Reliance Energy (1.25%) are trading lower.

BSE Oil & Gas index was trading 44.77 points lower at 12,690.86 as Reliace Natural Resources Ltd. (1.52%), RPL (0.93%), ONGC (0.79%) and Cairn (0.86%) are trading in red.

BSE Capital goods index dropped 31.39 points to 20,187.49. The main losers are BHEL (1.79%), Bharat Electrical (0.70%) and ABB (0.26%).

BSE IT index down by 3.49 points to trade at 4,421.08 as Tech. Mahindra (3.76%), TCS (1.79%), TCS (1.16%) and GTL Ltd. (1.97%) are trading in negative territory.

BSE Auto index declined 14.71 points to trade at 5,637.13. Leading to it are Tata Motors (2.22%), Mahindra & Mahindra (2.18%) and Hero Honda Motors (0.73%).