Wednesday, February 13, 2008

Mid Session Market

The market is now off the day''s high. The heavy selling witnessed in the Mid Cap and Small Cap stocks. The significant selling witnessed in the IT and Consumer Durables stocks. Whereas Oil & gas, Metal and Realty stocks are in demand from the opening trade. The overall market breadth remains extremely negative, as 879 stocks are advancing while 1,685 stocks are declining on BSE. The BSE Mid cap is higher by 12.75 points at 7,071.13 while the BSE small Cap dropped by 104.23 points to trade at 9,069.45.

At 12.40 pm, BSE Sensex was at 16,874.54 up by 266.53 points and Nifty was at 4,900.60 up by 62.35 points.

BSE Oil & Gas index was trading 354.54 points higher at 10,280.86 as Gail India (1.79%), ONGC (1.17%), Cairn India (0.99%) and BPCL (0.96%) are trading in green.BSE Metal index surged by 347.72 points to trade at 14,620.77. The major gainers are Tata Steel (4.51%), SAIL (3.21%), Sterlite Industries (1.42%) and Hindalco Industries (1.32%).

BSE Banks index inclined by 263.20 points to trade at 10,130.56. The top gainers are HDFC Bank (3.76%), ICICI Bank (2.44%), PNB (2.01%).

BSE Capital goods index grew by 268 points to 15,141.21. The main gainers are BHEL (3.35%), Praj Industries (2.85%), L&T (1.13%) and Punj Lloyd (0.49%).BHEL has bagged Rs3390 crore order from Uttar Pradesh Vidyut Utpadan Nigam Ltd for setting up of two units of 500 mw each at Anpara thermal power station in UP.

BSE Power index advanced by 77.98 points to trade at 3,444.93 as Suzlon Energy (3.44%), Tata Power (2.91%), Reliance Energy (2.10%) and NTPC (1.59%) are trading in green.

BSE Auto index increased by 39.33 points to trade at 4,547.92. Leading to its gain are MRF (2.41%), Tata Motors (2.16%), Hero Honda (1.36%).

BSE IT index fell by 11.23 points to trade at 3,778.75 as Mphasis (3.72%), NIIT (3.54%), Wipro (2.45%) and TCS (0.87%) are trading in red.

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