Tuesday, February 19, 2008

Mid Session Market

The market is still trading strongly on the back of continued buying across the board. All the BSE indices are trading in green. The broader market is also trading in line with the benchmark index. The Metal, Capital Goods, Oil & Gas and Bank stocks are the top performers today. The overall market breadth remains positive, as 1921 stocks are advancing while 650 stocks are declining on BSE. The BSE Mid cap is higher by 151.35 points at 7,792.83 and the BSE small Cap advanced by 189.22 points to trade at 9,944.57.

At 12.31 pm, BSE Sensex was at 18,304.92 up by 256.87 points and Nifty was at 5,364.80 up by 87.90 points.

BSE Banks index inclined by 128.64 points to trade at 11,073.49. The top gainers are ICICI Bank (1.49%), PNB (1.13%), SBI (0.71%) and HDFC Bank (0.58%).

BSE Metal index surged by 282.81 points to trade at 16,530.01. The major gainers are NALCO (4.10%), SAIL (2.69%), Hindalco Industries (1.63%) and Sterlite Industries (0.90%).

BSE Capital goods index increased by 206.43 points to 16,529.08. The main gainers are BHEL (2.13%), Siemens (1.19%) and L&T (1.08%).Larsen and Tourbo has won a Rs1250 Crore turnkey project from ONGC. The project comprises of building three smart well platforms, subsea cables, and topside modifications for the Mumbai High South field.

BSE Power index increased by 53.51 points to trade at 3,806.38 as Suzlon Energy (3.10%), Tata Power (3.09%), NTPC (1.46%) and Reliance Energy (0.06%) are trading in green.

BSE Oil & Gas index was trading 238.89 points higher at 11,411.80 as BPCL (2.58%), RPL (2.40%), ONGC (2.35%) and Cairn India (0.91%) are trading in green.

BSE Auto index increased by 46.96 points to trade at 4,836.09. Leading to its gain are Tata Motors (1.64%), Maruti Suzuki (1.12%), Hero Honda (0.83%) and Mahindra & Mahindra (0.31%).

BSE IT index inclined by 64.10 points to trade at 3,893.34 as TCS (2.34%), HCL Technologies (1.81%), Wipro (1.45%) and Satyam (1.41%) are trading in green.

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