Thursday, January 10, 2008

Mid Session Market

The market is still trading higher as selective buying continued across the board. But the broader market has given up the early morning gain as some selling witnessed in the Mid Cap and Small Cap stocks. The Bank, Realty and Oil 7 & gas stocks are in heavy demand from the opening bell today. The overall market breadth turns negative, as 1135 stocks are advancing while 1669 stocks are declining and the 34 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 26.69 points at 9,796.68 while the BSE small Cap slipped by 16.38 points to trade at 13,353.57.

At 12.31 pm, BSE Sensex was at 21,042.63 up by 172.85 points whereas Nifty was at 9,294.45 up by 22.45 points.

BSE Banks index surged by 338.04 points to trade at 12,379.09. The top gainers are ICICI Bank (5.52%),Yes Bank (3.69%), Federal Bank (1.92%) and HDFC Bank (1.43%) are trading higher.

BSE Metal index grew by 129.23 points to trade at 19,552.95. The major gainers are Gujarat NRE (6.81%), Ispat Industries (3.33%), Jindal Saw (2.99%) and Jindal Steel (1.14%).

BSE Oil & Gas index was trading 120.93 points higher at 13,938.07 as Reliance (1.49%), ONGC (1.35%), Essar Oil (1%) are trading in green.

BSE Capital goods index advanced 49.85 points to 20,125.19. The main gainers are AIA Engineering (2.69%), Punl Lloyd (0.99%), Siemens (0.43%) and Thermax (0.13%).

BSE Auto index increased by 47.87 points to trade at 5,592.02. Leading to its gain are Tata Motors (1.38%), Bajaj Auto (1.10%), Apollo Tyre (0.74%), Exide Industries (0.40%) and Cummins India (0.28%).

BSE IT index improved by 31.37 points to trade at 4,286.89 as I-Flex (1.87%), Infosys (0.81%), TCS (0.59%), Tech Mahindra (0.49%) and Wipro (0.45%) closed in green.

BSE Health Care index decreased by 13.62 points to trade at 4,259.43. Leading the fall are Glaxosmith (3.61%), Nicholas Piramal (1.39%), Ranbaxy (0.84%) and Sun Pharma (0.99%).

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