Wednesday, January 16, 2008

Mid Session Market

The market has lost further momentum and slipped into deep red as strong selling continued across the board. All the BSE indices are in red mainly led by the Metal, Capital Goods, Realty and Oil & Gas stocks. The BSE Sensex has lost more than 400 points. The overall market breadth remains negative, as 474 stocks are advancing while 2,206 stocks are declining and the 31 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 174.12 points at 9,257.77 and the BSE small Cap slipped by 259.82 points to trade at 12,495.47.

At 12.31 pm, BSE Sensex was at 19,791.69 down by 459.40 points whereas Nifty was at 5,899.45 down by 174.80 points.

BSE Banks index dropped by 150.20 points to trade at 12,108.22. The top losers are HDFC Bank (5.61%), Allahabad Bank (3.10%), PNB (2.74%) and AXIX Bank (2.45%) are trading lower.

BSE Metal index slipped by 605.35 points to trade at 18,005.28. The major losers are Sterlite Industries (6.42%), Gujarat NRE (4.81%), Tata Steel (3.90%) and JSW Steel (3.97%).

BSE Oil & Gas index was trading 237.87 points lower at 13,618.61 as Cairn India (3.33%), RPL (1.82%) and ONGC (0.94%) are trading in red.

BSE Capital goods index dropped 439.36 points to 18,707.55. The main losers are ABB (3.97%), BHEL (3.89%), L&T (2.19%) and Siemens (2.04%).

BSE Auto index decreased by 94.81 points to trade at 5,240.49. Leading to its fall are Maruti Suzuki (3.79%), Tata Motors (3.64%), Mahindra & Mahindra (2.18%), Bajaj Auto (1.30%) and Hero Honda (0.14%).

BSE Power index slipped by 139.04 points to trade at 4,493.23 as Tata Power (4.59%), Reliance Energy (3.64%), NTPC (3.28%) and Suzlon Energy (2.88%) trading in red.

BSE IT index dropped by 17.58 points to trade at 3,893.21 as Wipro (2.61%), HCL Tech. (2.53%), and Infosys Technologies (0.13%) trading in red.

BSE Health Care index decreased by 31.53 points to trade at 4,133.51 as Ranbaxy (1.53%), Sun Pharma (1.45%), Cipla (0.49%) and GSK (0.48%) are trading lower.

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