Thursday, December 20, 2007

Mid Session Market

The market is trading higher now after a volatile trade from the opening session. The It, Metal and Realty are in strong demand today. Whereas the heavy selling witnessed in the Capital Goods stocks. However the BSE Mid Cap and BSE Small Cap are trading with marginal gain. The overall market breadth remains positive, as 1519 stocks are advancing while 1299 stocks are declining and the 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 19.22 points at 9,099.61 and the BSE small Cap advanced by 15.43 points to trade at 11,930.79.

At 12.31 pm, BSE Sensex was at 19,224.75 up by 132.79 points whereas Nifty was at 5,781.25 up by 30.10 points.

BSE IT index surged by 117.47 points to trade at 4,298.47 as Satyam (4.20%), Infosys (3.23%), HCL Tech. (1.65%) and TCS (1.46%) are trading in positive territory.

BSE Metal index grew 55.53 points to trade at 18,257.63. The major gainers are Hindalco Industries (2.09%), JSW Steel (1.65%), Jindal Saw (1.58%) and Tata Steel (0.42%).

BSE Auto index increased by 37.39 points to trade at 5,563.03. Leading to its gain are Tata Motors (2.52%), Exide Industries (2.43%), Mahindra & Mahindra (2.95%) and Bajaj Auto (0.51%).

BSE Health Care index grew by 24.84 points to trade at 4,272. Leading the gain are Opto Circuits (4.60%), Dr. Reddy (4.14%), Glenmark Pharma (2.19%) and Biocon (1.21%).

BSE Banks index improved by 14.02 points to trade at 10,777.98. The major gainers are Kotak Bank (3.71%), SBI (1.93%), Union Bank (1.26%) and PNB (0.85%).

BSE Oil & Gas index was trading 10.83 points higher at 12,291.63 as Cairn (2.04%), HPCL (1.15%), BPCL (0.65%) and ONGC (0.29%) are trading in green.

BSE Power index inclined by 5.69 points to trade at 4,228.49 as Reliance Energy (4.03%), Tata Power (3.22%), Power Grid (1.57%) and Crompton Greaves (1.27%) are trading higher.

BSE Capital goods index dropped 153.78 points to 18,744.39. The main losers are ABB (2.87%), BHEL (1.08%), L&T (0.43%) and Siemens (027%).

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