Friday, December 28, 2007

Mid Session Market

The market is trading in a silent mode as selling is seen in the large cap stocks only. Whereas the Mid Cap and Small cap stocks are facing the buying tune. The heavy buying is seen in the Consumer Durables, Metal and Realty stocks. However the Capital Goods, and IT stocks today are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2157 stocks are advancing while 699 stocks are declining and the 26 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 82.33 points at 9,511.19 and the BSE small Cap advanced by 206.01 points to trade at 12,834.75.

At 12.31 pm, BSE Sensex was at 20,166.19 down by 50.53 points whereas Nifty was at 6,063.05 down by 18.45 points.

BSE Metal index surged 171.28 points to trade at 19,638.39. The major gainers are Bhusan Steel (6.33%), Gujarat NRE (5.58%), Sesa Goa (1.89%) and Jindal Saw (1.93%).

BSE Oil & Gas index was trading 79.17 points higher at 13,202.20 as HPCL (2.94%), Indian Oil (2.72%), Cairn (1.32%) and RPL (1.05%) are trading in green.

BSE Banks index advanced by 18.63 points to trade at 11,388.96. The major gainers are Federal Bank (4.36%), Union Bank (3.16%), Kotak Bank (2.62%), Bank of Borada (1.62%)

BSE FMCG index increased 21.90 points to trade at 2,275.38 as Tata Tea (2.09%), United Spirits (1.51%), Dabur (1.07%) and ITC (0.96%) are trading in green.

BSE Health Care index grew by 19.17 points to trade at 4,307.05. Leading the gain are Divi''s Lab (4.98%), Aventis Pharma (4.26%), Ranbaxy (1.63%) and Pfizer (1.40%).

BSE IT index declined by 25.67 points to trade at 4,543.47 as Wipro (2.59%), TCS (0.93%), Infosys (0.78%) and Mphasis (0.62%) are trading in negative territory.

BSE Capital goods index decreased 29.86 points to 19,612.40. The main losers are AIA Engineering (0.59%), BHEL (0.49%), L&T (0.19%) and Siemens (0.11%).

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