Friday, February 15, 2008

Mid Session Market

he market is off the day''s now and has moved into the positive territory as some buying emerged in the selective scrips mainly led by the stocks like FMCG and Health Care stocks. However, the Capital Goods, IT and Realty stocks are still under pressure from the opening trade. The overall market breadth remains positive, as 1348 stocks are advancing while 1172 stocks are declining on BSE. The BSE Mid cap is higher by 36.62 points at 7,489.34 and the BSE small Cap advanced by 70.83 points to trade at 9,478.59.

At 12.40 pm, BSE Sensex was at 17,772.28 up by 5.65 points and Nifty was at 5,202.70 up by 0.70 points.

BSE Health Care index inclined by 13.90 points to trade at 3,624.78 as Glenmark Pharma (2.58%), Ranbaxy (2.31%), Aventis Pharma (1.79%), Biocon (0.83%) and Cipla (0.92%) are trading in positive.Ranbaxy Laboratories has got the approval from FDA to abbreviated new drug application (ANDA) for generic Nexium capsules, the first approval of any generic version of the blockbuster drug.

BSE Capital goods index dropped by 198.41 points to 16,083.76. The main losers are L&T (1.63%), Praj Industries (1.63%), Bharat Electrical (1.96%) and ABB (0.66%).

BSE Metal index slipped by 57.95 points to trade at 15,563.94. The major losers are Maharashtra Seamless (2.16%), Jindal Steel (1.79%), SAIL (0.30%) and Bhusan Steel (0.59%).

BSE Oil & Gas index was trading 6.78 points lower at 10,925.58 as RPL (1.03%) and RNRL (0.11%) are trading in red whereas HPCL (6.96%), Essar Oil (6.07%) are trading in green.

BSE Banks index declined by 105.95 points to trade at 10,508.14. The top losers are Oriental Bank (2.37%), Federal Bank (1.90%), HDFC Bank (1.57%).

BSE Power index decreased by 26.29 points to trade at 3,702.87 as Reliance Energy (6.62%), NTPC (5.32%), Tata Power (5.27%) are trading in red.

BSE IT index declined by 69.42 points to trade at 3,774.08 as Satyam Computer (2.26%), Patni Computer (1.75%), Mphasis (0.21%) and Infosys Technologies (0.72%) are trading in red.

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