Monday, December 17, 2007

Mid Session Market

The market has lost further ground on the back of heavy selling pressures seen in the selective scrips. The Metal, Capital Goods, Oil & Gas and Realty stocks are still facing the selling pressures. While the heavy buying witnessed in the Small Cap stocks. The Mid Cap is trading slightly lower. As a result the overall market breadth remains positive, as 1874 stocks are advancing while 981 stocks are declining and 30 stocks remained unchanged on BSE. The BSE Mid cap is lower by 10.14 points at 9,461.80 while the BSE small Cap advanced by 128 points to trade at 12,323.50.

At 12.31 pm, BSE Sensex was at 19,742.34 down by 288.49 points whereas Nifty was at 5,924.75 down by 122.95 points.

BSE FMCG index increased 35.31 points to trade at 2,299.24 as Nestle (2.40%), ITC (1.82%), Dabur (0.42%) and Tata Tea (0.24%) are trading in green.There is some speculation that ITC will separate some of its units into separate companies.

BSE Health Care index grew by 9.26 points to trade at 4,317.53. Leading the gain are Apollo Hospital (6.94%), Fortis Health (5.77%), IPCA Lab (4.87%) and Cipla (2.39%).

BSE Metal index dropped 391.88 points to trade at 19,371.12. The major losers are Hindalco Industries (3.76%), Sterlite Industries (3.56%), NALCO (3.33%) and SAIL (2.14%).

BSE Oil & Gas index was trading 234.23 points lower at 12,746.72 as ONGC (4.12%), BPCL (2.86%), RPL (2.25%) and GAIL (1.55%) are trading in red.

BSE Capital goods index dropped 199.43 points to 19,663.08. The main losers are BHEL (2.66%), ABB (2.37%), Siemens (0.26%) and L&T (0.14%).

BSE Banks index slipped by 159.94 points to trade at 11,175.53. The major losers are HDFC Bank (2.73%), SBI (2.29%), PNB (2.21%) and ICICI Bank (0.91%).

BSE Auto index declined by 54.11 points to trade at 5,689.69. Leading to its drop are Tata Motors (3.36%), Maruti Suzuki (0.86%), Bajaj Auto (0.53%) and Mahindra & Mahindra (0.13%).

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