Wednesday, March 12, 2008

Mid Session Market

The market is still trading in green but off the day''s high as some selling pressure witnessed in the selective scrips mainly led by the Metal and Auto stocks. However, the significant buying is seen in the Realty, Capital Goods, Bank and Oil & Gas stocks. The broader market has also joined the rally as sustained buying also witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains positive, as 1711 stocks are advancing while 800 stocks are declining and the 44 stocks remained unchanged on BSE. The BSE Mid cap is higher by 38.08 points at 7,030.92 and the BSE small Cap advanced by 107.13 points to trade at 8,666.23.

At 12.55 pm, BSE Sensex was at 16,243.07 up by 119.92 points and Nifty was at 4,906.85 up by 40.95 points.

BSE Capital goods index surged by 191 points to 14,252. The main gainers are Punj Lloyd (4%), ABB (2.70%), L&T (1.47%) and Bharat Electrical (2.91%).

BSE Health Care index inclined by 63.71 points to trade at 3,897.22 as Ranbaxy Lab. (1.99%), GSK Pharma (1.59%) and Sun Pharma (0.48%) are trading in positive.

BSE Auto index slipped by 4.04 points to trade at 4,665.30. Leading to its fall are Hero Honda (1.63%), Tata Motors (1.53%), Maruti Suzuki (0.81%) and Bajaj Auto (0.14%).

BSE Oil & Gas index was trading 208.02 points higher at 10,768.66 as Cairn India (4.04%), ABN Offshore (2.51%), ONGC (1.14%) and Essar Oil (1.11%) are trading in green.

BSE Banks index advanced by 229.90 points to trade at 8,717.14. The top gainers are HDFC Bank (4.73%), ICICI Bank (2.57%) and PNB (1.38%).

BSE Power index increased by 63.16 points to trade at 3,334.68 as Reliance Energy (3.81%), Tata Power (2.35%), Suzlon Energy (1.48%) and NTPC (0.52%) are trading in green.

BSE Metal index dropped by 112.36 points to trade at 15,960.38. The major losers are Hindalco Industries (4.93%), Tata Steel (3.3%), SAIL (3%) and Sterlite Industries (1.27%).

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