The market has slipped from the higher level as heavy selling witnessed in the mi dcap and small cap stocks. The strong selling is seen in the Realty, Metal, Consumer Durables and Capital Goods stocks while the Bank, FMCG and Oil & Gas stocks are still trading in green. The overall market breadth turns negative, as 654 stocks are advancing while 1,942 stocks are declining on BSE. The BSE Mid cap is lower by 55.97 points at 7,733.34 and the BSE small Cap dropped by 200.76 points to trade at 10,224.58.
At 12.32 pm, BSE Sensex was at 17,840.23 up by 246.16 points and Nifty was at 5,245.45 up by 42.05 points.
BSE Banks index surged by 294.72 points to trade at 11,025.96. The top gainers are ICICI Bank (4.60%), PNB (3.67%), SBI (1.03%) are trading higher.ICICI bank has planned to raise as much as $1billion by selling a stake in its investment banking and securities unit in the next four months..
BSE Oil & Gas index was trading 42.73 points higher at 10,888.31 as Indian Oil (5%), HPCL (3.05%), RNRL (2.08%) and BPCL (1.05%) are trading in green.
BSE IT index inclined by 44.30 points to trade at 3,675.67 as Satyam (3.42%), Infosys (2.04%), Tech. Mahindra (1.98%) and Wipro (1.02%) are trading in green.
BSE FMCG index grew 61.98 points to trade at 2,162.32 as HUL (6.07%), Tata Tea (4.13%) and ITC (3.12%) are trading higher.HUL will soon launch a range of skincare products, which is protection from pollution. It is in the process of launching Lakme Pure Defense Anti Pollution Range.
BSE Metal index dropped 232.02 points to trade at 14,848.98. The major losers are Hindustan Zinc. (5.96%), Sterlite Industries (5.60%), Jindal Steel (4.24%) and Hindalco (2.39%).
BSE Capital goods index slipped 121.49 points to 17,099.64. The main losers are Siemens (2.86%), ABB (1.68%) and L&T (0.37%).
BSE Auto index increased by 33.38 points to trade at 4,708.71. Leading to its gain are Hero Honda (4.92%), Mahindra & Mahindra (1.89%), Bajaj Auto (1.53%), Tata Motors (0.37%) and MRF (0.34%).
At 12.32 pm, BSE Sensex was at 17,840.23 up by 246.16 points and Nifty was at 5,245.45 up by 42.05 points.
BSE Banks index surged by 294.72 points to trade at 11,025.96. The top gainers are ICICI Bank (4.60%), PNB (3.67%), SBI (1.03%) are trading higher.ICICI bank has planned to raise as much as $1billion by selling a stake in its investment banking and securities unit in the next four months..
BSE Oil & Gas index was trading 42.73 points higher at 10,888.31 as Indian Oil (5%), HPCL (3.05%), RNRL (2.08%) and BPCL (1.05%) are trading in green.
BSE IT index inclined by 44.30 points to trade at 3,675.67 as Satyam (3.42%), Infosys (2.04%), Tech. Mahindra (1.98%) and Wipro (1.02%) are trading in green.
BSE FMCG index grew 61.98 points to trade at 2,162.32 as HUL (6.07%), Tata Tea (4.13%) and ITC (3.12%) are trading higher.HUL will soon launch a range of skincare products, which is protection from pollution. It is in the process of launching Lakme Pure Defense Anti Pollution Range.
BSE Metal index dropped 232.02 points to trade at 14,848.98. The major losers are Hindustan Zinc. (5.96%), Sterlite Industries (5.60%), Jindal Steel (4.24%) and Hindalco (2.39%).
BSE Capital goods index slipped 121.49 points to 17,099.64. The main losers are Siemens (2.86%), ABB (1.68%) and L&T (0.37%).
BSE Auto index increased by 33.38 points to trade at 4,708.71. Leading to its gain are Hero Honda (4.92%), Mahindra & Mahindra (1.89%), Bajaj Auto (1.53%), Tata Motors (0.37%) and MRF (0.34%).
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