Friday, March 7, 2008

Mid Session Market

The market is still trading in the deep negative territory as strong selling in scrips continued across the board mainly led by the Metal, Capital Goods, Realty, Bank and Oil & Gas stocks. The broader market is also trading in deep red as significant selling witnessed in the BSE Mid Cap and BSE Small Cap stocks. The overall market breadth remains extremely negative, as 173 stocks are advancing while 2302 stocks are declining and the 20 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 348.72 points at 6,765.46 and the BSE small Cap dropped by 426.57 points to trade at 8,383.22.

At 12.31 pm, BSE Sensex was at 15,936.81 down by 605.27 points and Nifty was at 4,747.70 down by 173.70 points.

BSE Metal index dropped by 634.37 points to trade at 15,382.09. The major losers are Hindalco Industries (5.77%), Tata Steel (3.75%), NALCO (2.65%) and SAIL (2.58%).

BSE IT index declined by 128.51 points to trade at 3,623.96 as Satyam (4.38%), Wipro (4.35%), HCL Technologies (4.30%) and Infosys Technologies (4.35%) are trading in red.

BSE Health Care index declined by 122.80 points to trade at 3,785.16 as Ranbaxy (5.29%), Dr.Reddy (3.60%), GSK Pharma (3.27%) and Cipla (2.91%) are trading in negative.

BSE Auto index decreased by 214.34 points to trade at 4,635.52. Leading to its fall are Bajaj Auto (7.36%), Maruti Suzuki (5.53%), Tata Motors (4.83%) and Mahindra & Mahindra (3.02%).BSE Capital goods index dropped by 521.82 points to 14,166.58. The main losers are Siemens (7.43%), ABB (4.22%), BHEL (3.94%) and L&T (2.06%).

BSE Oil & Gas index was trading 316.42 points higher at 10,014.33 as GAIL India (5.69%), RPL (4.94%), BPCL (2.88%) and ONGC (2.02%) are trading in red.

BSE Banks index slipped by 461.83 points to trade at 8,454.20. The top losers are ICICI Bank (6.25%), PNB (4.21%), HDFC Bank (3.90%) and SBI (3.19%).

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