Friday, February 8, 2008

Mid Session Market

The market is trading in the negative territory ads selling continued in the selective scrips mainly led by the stocks like Realty, metal and Capital Goods stocks. However the significant buying witnessed in the IT stocks. The Mid Cap and the Small Cap stocks are the top today as heavy selling witnessed in these stocks. The overall market breadth remains extremely negative, as 482 stocks are advancing while 2,151 stocks are declining and the 34 stocks remained unchanged on BSE. The BSE Mid cap is lower by 166.38 points at 7,614.74 and the BSE small Cap dropped by 266.76 points to trade at 9,935.87.

At 12.40 pm, BSE Sensex was at 17,427.76 down by 99.17 points and Nifty was at 5,105.85 down by 27.40 points.

BSE IT index surged by 155.50 points to trade at 3,860.80 as HCL Technologies (6.15%), Infosys (5.53%), Satyam (4.86%) and TCS (4.66%) are trading in green.HCL Technologies is close to clinch a $1bn i.e. Rs3950 crore outsourcing contract from the European telecommunications company.

BSE Oil & Gas index was trading 42.43 points higher at 10,711.09 as BPCL (1.07%), HPCL (0.85%), Indian Oil (0.31%) and Aban Offshore (0.50%) are trading in green.

BSE Metal index slipped by 185.49 points to trade at 15,343.35. The major losers are SAIL (4.87%), Jindal Stainless (4.30%), Jindal Steel (3.24%) and JSW Steel (2.72%).

BSE Capital goods index dropped by 254.46 points to 15,866.16. The main losers are Praj Industries (5.32%), L&T (3.12%), BHEL (1.08%) and Siemens (0.41%).

BSE Banks index declined by 81.40 points to trade at 10,303.37. The top losers are Kotak Bank (6.95%), Canara Bank (4.13%), Indian Overseas (3.37%), ICICI Bank (2.33%) and HDFC Bank (2.53%).

BSE Power index fell by 40.99 points to trade at 3,741.75 as Tata Power (3.85%), Torent Power (2.98%), Power Grid (2.68%), NTPC (1.89%%)

BSE Auto index decreased by 31.29 points to trade at 4,752.51. Leading to its fall are MRF (3.34%), Baja Auto (2.36%), M&M (1.88%) and TVS Motors (1.12%).

No comments: