Tuesday, December 18, 2007

Mid Session Market

The market has lost further ground on the back of heavy selling pressures seen in the selective scrips. The Capital Goods, Metal and Bank stocks are still facing the selling pressures. The BSE Mid Cap and BSE Small Cap have under performed the benchmark index today. As a result the overall market breadth remains negative, as 724 stocks are advancing while 2108 stocks are declining and 27 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 67.31 points at 9,038.27 and the BSE small Cap slipped by 147.50 points to trade at 11,692.52.

At 12.31 pm, BSE Sensex was at 19,160.58 down by 100.77 points whereas Nifty was at 5,778.30 up by 1.30 points.

BSE Health Care index grew by 20.36 points to trade at 4,218.56. Leading the gain are Nicholas Piramal (3.44%), Sun Pharma (2.85%), Glenmark Pharma (2.39%) and Biocon (1.93%).

BSE Capital goods index dropped 334.65 points to 18,794.49. The main losers are L&T (2.87%), BHEL (2.27%), Siemens (1.55%) and ABB (0.78%).

BSE Metal index dropped 226.98 points to trade at 18,097.52. The major losers are Jindal Steel (5.42%), Sesa Goa (4.17%), Ispat Industries (3.47%),Sterlite Industries (2.85%) and Hindalco Industries (1.99%).

BSE Banks index slipped by 105.08 points to trade at 10,814.14. The major losers are HDFC Bank (2.43%), PNB (1.86%), ICICI Bank (0.77%) and SBI (0.30%).

BSE Oil & Gas index was trading 26.29 points lower at 12,288.43 as Indian Oil (1.77%), GAIL (1.30%), RPL (1.13%) and Cairn (0.72%) are trading in red.

BSE Power index declined by 43.87 points to trade at 4,178.81 as Torent Power (3.56%), Tata Power (3.16%), BHEL (2.28%) and GVK Power (1.81%) are trading lower.

BSE Auto index declined by 24.27 points to trade at 5,544.97. Leading to its drop are Amtek Auto (1.77%), Mahindra & Mahindra (1.70%), Escorts (1.23%) and Bharat Forge (1.13%).

BSE IT index down by 20.97 points to trade at 4,146.93 as Educomp Solution (4.12%), I-flex (3.17%) and Mphasis (2.18%) are trading in negative territory.

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