The market gathered the momentum soon after the partial break due to sun outage as the investorsare showing some buying interest across the selective indices. The overall market breadth remains extremely negative, as 513 stocks are advancing while 1902 stocks are declining on BSE. The BSE Mid cap is lower by 97.46 points at 7,084.77 and the BSE small Cap dropped by 168.80 points to trade at 8,784.48.
At 12.33 pm, BSE Sensex was at 16,379.60 up by 39.71 points and Nifty was at 4,879.80 up by 15.55 points.
BSE Metal index increased by 63.03 points to trade at 15,896.61. Major gainers are Tata Steel (1.41%), Hindalco Industries (1%) and SAIL (0.44%).
BSE IT index inclined by 73.21 points to trade at 3,687.62 as Infosys Technologies (2.58%), HCL Technologies (2.01%), Satyam (2.57%) are trading in green.
BSE Health Care index inclined by 6.98 points to trade at 3,861.78 as Divi''s Lab (1.72%), Glaxosmith (1.42%), Cadila Healthcare (0.92%) and Biocon (0.62%) are trading in positive.
BSE Auto index decreased by 23.08 points to trade at 4,836.13. Leading to its fall are Mahindra & Mahindra (1.89%), TVS Motor (1.64%), Bajaj Auto (0.90%).
BSE Oil & Gas index was trading 82.57 points higher at 10,248.69 as BPCL (2.62%), ONGC (1.92%), HPCL (0.51%) and GAIL India (0.26%) are trading in green.ONGC has got the approval from the the government for its subsidiary ONGC Videsh''s investment of $102.21 mn in a Qatar based project and also its formation of a joint venture with CVP/ petroleos De Venezuela SA.
BSE Banks index slipped by 199.09 points to trade at 8,857.67. The top losers are Bank of India (8.07%), IOB (5.99%), Union Bank (5.95%), BOB (4.71%).ICICI Bank is trading lower by (3.89%) at Rs.933.80. The bank has announced a mark to market hit of Rs.263 million in its loans and investment exposure due to the US subprime crisis.
At 12.33 pm, BSE Sensex was at 16,379.60 up by 39.71 points and Nifty was at 4,879.80 up by 15.55 points.
BSE Metal index increased by 63.03 points to trade at 15,896.61. Major gainers are Tata Steel (1.41%), Hindalco Industries (1%) and SAIL (0.44%).
BSE IT index inclined by 73.21 points to trade at 3,687.62 as Infosys Technologies (2.58%), HCL Technologies (2.01%), Satyam (2.57%) are trading in green.
BSE Health Care index inclined by 6.98 points to trade at 3,861.78 as Divi''s Lab (1.72%), Glaxosmith (1.42%), Cadila Healthcare (0.92%) and Biocon (0.62%) are trading in positive.
BSE Auto index decreased by 23.08 points to trade at 4,836.13. Leading to its fall are Mahindra & Mahindra (1.89%), TVS Motor (1.64%), Bajaj Auto (0.90%).
BSE Oil & Gas index was trading 82.57 points higher at 10,248.69 as BPCL (2.62%), ONGC (1.92%), HPCL (0.51%) and GAIL India (0.26%) are trading in green.ONGC has got the approval from the the government for its subsidiary ONGC Videsh''s investment of $102.21 mn in a Qatar based project and also its formation of a joint venture with CVP/ petroleos De Venezuela SA.
BSE Banks index slipped by 199.09 points to trade at 8,857.67. The top losers are Bank of India (8.07%), IOB (5.99%), Union Bank (5.95%), BOB (4.71%).ICICI Bank is trading lower by (3.89%) at Rs.933.80. The bank has announced a mark to market hit of Rs.263 million in its loans and investment exposure due to the US subprime crisis.
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