Wednesday, January 2, 2008

Mid Session Market

The market is trading weak on the back of selective selling in the scrips continued in the market. However, the BSE Mid Cap and BSE Small Cap have outperformed the benchmark index and is trading with significant gain. Among the laggards stocks are the Metal and Capital goods whereas the significant buying witnessed in the Bank and FMCG stocks. The overall market breadth remains positive, as 1595 stocks are advancing while 1265 stocks are declining and the 30 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 49.88 points at 9,984.91 and the BSE small Cap advanced by 102.83 points to trade at 13,805.90.

At 12.31 pm, BSE Sensex was at 20,239.82 down by 60.89 points whereas Nifty was at 6,107.75 down by 36.60 points.

BSE Banks index advanced by 36.88 points to trade at 11,547.19. The major gainers are Allahabad Bank (5.96%), Kotak Bank (4.97%), Axix Bank (4.60%) and Union Bank (3.60%).

BSE Metal index dropped 178.71 points to trade at 19,882.78. The major losers are NALCO (3.34%), SAIL (2.14%), Hindalco Industries (1.39%) and Sterlite Industries (0.29%).

BSE Capital goods index slipped 177.22 points to 19,570.58. The main losers are BHEL (2.48%), ABB (1.06%), Siemens (0.88%) and L&T (0.77%).

BSE Power index declined by 32.14 points to trade at 4,615.52 as Torent Power (2.11%), Tata Power (1.70%), Crompton Greaves (1.53%), Power Grid (0.99%) and Areva (0.96%) are trading lower.

BSE Oil & Gas index was trading 43.14 points lower at 13,237.74 as BPCL (2.46%), Indian Oil (2.31%), GAIL India (2.17%) and Cairn (2.40%) are trading in red.

BSE IT index declined by 59.06 points to trade at 4,412.42 as HCL Tech (2.40%), Wipro (1.86%), TCS (1.61%) and Satyam (1.28%) are trading in negative territory.

BSE Health Care index fell by 27.02 points to trade at 4,384.52. Leading the fall are Nicholas Piramal (2.34%),Sun Pharma (2.14%), Aurobindo Pharma (1.18%) and Cadila Healthcare (1.02%).

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