Wednesday, January 9, 2008

Mid Session Market

The market is facing a lot of volatility today. The heavy selling witnessed in the selective scrips mainly led by the Oil & Gas and Realty stocks. The broader market has under performed the benchmark index today as strong selling is seen in the Mid Cap and Small Cap stocks. The overall market breadth turns negative, as 725 stocks are advancing while 2096 stocks are declining and the 22 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 12.62 points at 9,804.45 and the BSE small Cap slipped by 100.47 points to trade at 13,415.66.

At 12.31 pm, BSE Sensex was at 20,901.57 up by 28.24 points whereas Nifty was at 6,290.80 up by 2.95 points.

BSE Capital goods index advanced 65.93 points to 20,280.85. The main gainers are Siemens (1.32%), Punl Lloyd (1.15%), ABB (1.26%) and L&T (0.75%).

BSE Power index inclined by 30.41 points to trade at 4,837.63 as Torent Power (5.52%), NTPC (3.39%), GVK Power (2.07%) and Tata Power (0.49%) are trading higher.

NTPC is trading higher by (2.64%) at Rs272 as the company and BHEL will manufacture power generation equipment in addition to executing projects.

BSE Metal index grew by 33.24 points to trade at 19,571.58. The major gainers are Hindalco Industries (1.53%), NALCO (1.42%), SAIL (1.10%) and Sterlite Industries (0.99%).

BSE IT index improved by 42.77 points to trade at 4,287.52 as I-Flex (6.44%), Mphasis (6.42%), Wipro (1.66%), TCS (1.26%), Infosys (1.20%) and Satyam (1.18%) closed in green.

BSE Banks index slipped by 67.04 points to trade at 12,019.53. The top losers are ICICI Bank (2.13%),PNB (1.73%), Union Bank (1.59%) and Andhra Bank (0.26%) are trading lower.

BSE Auto index decreased by 25.77 points to trade at 5,568.49. Leading to its fall are Ashok Leyland (1.76%), Amtek Auto (1.25%), Tata Motors (0.99%), Mahindra & Mahindra (0.74%)

BSE Oil & Gas index was trading 106.57 points lower at 13,944.70 as RPL (3.28%), ONGC (1.36%), BPCL (1.05%) and Essar Oil (0.83%) are trading in red.

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