Wednesday, December 12, 2007

Mid Session Market

The market is trading flat. The selling in scrips is seen in the selective scrips mainly led by the Bank and IT stocks. However significant buying momentum continue in the Metal and realty stocks. The BSE Mid Cap and BSE Small Cap are in the lime light today, as heavy buying witnessed in these stocks only. As a result the overall market breadth remain extremely positive, as 2037 stocks are advancing while 753 stocks are declining and 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 104.63 points at 9,291.61 and the BSE small Cap advanced by 171.35 points to trade at 11,839.19.

At 12.32 pm, BSE Sensex was at 20,246.11 down by 44.78 points whereas Nifty was at 6,094.35 down by 2.90 points.

BSE Metal index surged 355.16 points to trade at 19,409.75. The major gainers are NALCO (2.72%), Tata Steel (2.03%), Hindalco Industries (2.01%) and Sterlite Industries (1.36%).

NALCO has planned to invest Rs30,000 Crore over the next five years for setting up a smelter and power plant in Indonesia to expand its overseas business..

BSE Oil & Gas index was trading 99.03 points higher at 13,064.47 as Cairn India (1.42%), GAIL (1.16%), BPCL (0.91%) and ONGC (0.81%) are trading in green.

BSE Health Care index grew by 72.72 points to trade at 4,134.96. Leading the gain are GSK Pharma (1.46%), Dr. Reddy (0.89%), Sun Pharma (0.79%) and Ranbaxy (0.74%).

BSE Auto index inclined 16.06 points to trade at 5,777.49. Leading to it are TVS Motor (2.75%), Apollo Tyre (2.29%), Amtek Auto (1.79%) and Hero Honda (0.60%).

BSE Capital goods index dropped 34.46 points to 20,265.29. The main losers are ABB (0.68%), Siemens (0.66%), L&T (0.51%) and BHEL (0.30%).

BSE Banks index slipped by 104.67 points to trade at 11,674.04. The major losers are HDFC Bank (2.13%), ICICI Bank (1.07%), SBI (0.57%) and PNB (0.30%).

BSE IT index down by 82.14 points to trade at 4,350.31 as Infosys (3.1%), Wipro (2.37%), Satyam (0.02%) and HCL Tech. (1.89%) are trading in negative territory.

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