The market continues to trade in the red zone after a fantastic positive start to the session. Most of the BSE indices are trading in red mainly led by Metal, Bank and Consumer Durables. However the IT and Oil & Gas stocks are trading in green. The broader market is also trading lower and has under performed the benchmark index as strong selling witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains negative, as 773 stocks are advancing while 1739 stocks are declining on BSE. The BSE Mid cap is lower by 68.58 points at 7,525.87 and the BSE small Cap slipped by 117.16 points to trade at 9,478.25.
At 12.31 pm, BSE Sensex was at 17,310.61 down by 38.46 points and Nifty was at 5,104 down by 6.75 points.
BSE IT index inclined by 47.83 points to trade at 3,966.11 as HCL Technologies (2.58%), Satyam Computer (1.83%), Infosys Technologies (1.77%) and Wipro (0.70%) are trading in green.
BSE Oil & Gas index was trading 56.21 points higher at 10,729.21 as Gail India (2.06%), ONGC (1.20%), Cairn India (0.97%) are trading in green.
BSE Health Care index inclined marginally by 2.67 points to trade at 3,747.68 as Aventis Pharma (2.18%), Pfizer (1.30%), Ranbaxy Laboratories (1.83%) and Glenmark Pharma (0.66%) are trading in positive.
BSE Capital goods index slipped by 46.21 points to 15,609.95. The main losers are Crompton Greaves (3.64%), Praj Industries (2.80%), BHEL (0.66%) and Havels India (0.27%).
BSE Banks index declined by 202.30 points to trade at 9,947.92. The top losers are HDFC Bank (3.32%), ICICI Bank (3%), SBI (0.33%).HDFC Bank''s board has approved a share swap ratio of one share for every 29 held in Centurion Bank of Punjab Ltd.
BSE Metal index dropped by 170.53 points to trade at 16,198.41. The major losers are Tata Steel (2.24%), SAIL (1.67%), Sterlite Industries (1.62%).
BSE Power index decreased by 16.62 points to trade at 3,555.74 as GVK Power (3.69%), Suzlon Energy (2.72%), Torent Power (1.28%) are trading in red.
At 12.31 pm, BSE Sensex was at 17,310.61 down by 38.46 points and Nifty was at 5,104 down by 6.75 points.
BSE IT index inclined by 47.83 points to trade at 3,966.11 as HCL Technologies (2.58%), Satyam Computer (1.83%), Infosys Technologies (1.77%) and Wipro (0.70%) are trading in green.
BSE Oil & Gas index was trading 56.21 points higher at 10,729.21 as Gail India (2.06%), ONGC (1.20%), Cairn India (0.97%) are trading in green.
BSE Health Care index inclined marginally by 2.67 points to trade at 3,747.68 as Aventis Pharma (2.18%), Pfizer (1.30%), Ranbaxy Laboratories (1.83%) and Glenmark Pharma (0.66%) are trading in positive.
BSE Capital goods index slipped by 46.21 points to 15,609.95. The main losers are Crompton Greaves (3.64%), Praj Industries (2.80%), BHEL (0.66%) and Havels India (0.27%).
BSE Banks index declined by 202.30 points to trade at 9,947.92. The top losers are HDFC Bank (3.32%), ICICI Bank (3%), SBI (0.33%).HDFC Bank''s board has approved a share swap ratio of one share for every 29 held in Centurion Bank of Punjab Ltd.
BSE Metal index dropped by 170.53 points to trade at 16,198.41. The major losers are Tata Steel (2.24%), SAIL (1.67%), Sterlite Industries (1.62%).
BSE Power index decreased by 16.62 points to trade at 3,555.74 as GVK Power (3.69%), Suzlon Energy (2.72%), Torent Power (1.28%) are trading in red.
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