Friday, March 14, 2008

Mid Session market

The market gets a boost after the break for the sun outage as the buying intensified across the sectoral indices. The Metal, Capital Goods, Oil & Gas and Bank are facing buying pressure across th board. The Sensex has touched an intra day high of 15,656.73 and low of 15,331.35 mark. The broader market also joined the benchmark indices to gain further grounds. The Mid cap and Small cap remains out of favor as they are facing the selling pressure across the counters. The overall market breadth remains negative, as 1399 stocks are declining while 1052 stocks are advancing on BSE. The BSE Mid cap is lower by 7.31 points at 6,520.36 and the BSE small Cap dropped by 15.89 points to trade at 8,059.29.

At 12.58 pm, BSE Sensex was at 15,535.54 higher by 178.19 points and Nifty was at 4,682.45 up by 58.85 points.

BSE Metal index surged 329.91 points to trade at 14,703.87. Major gainers are Hindalco inds 4.38%, SAIL 4.27%, JSW Steel 3.89%, Sesa Goa 3.25%, Sterlite Inds 2.83% and Tata Steel 2.55% and Nalco 1.04%.

BSE Capital goods index advanced by 219.37 points to 13,528.71. Leading are Suzlon Energy 4.46%, L&T 2.93%, Bhel 1.60%, Alstom Projects 1.43%,SKF India 1.13%.

BSE Auto index fell by 40.05 points to trade at 4,495.60. Losers are Hero Honda 4.42%, Amtek 3.85%, Maruti Suzuki 2.85%, M&M 2.80%, Apollo tyres 1.01% and Cummins 0.99%.

BSE Oil & Gas index was trading up by 208.33 points at 10,230.30 as BPCL 4.62%, Cairn India 4.38%, Essar Oil 4.08%, RNRL 3.66% and RPL 3.59% trading higher.

BSE Banks index increased by 190.90 points to trade at 8,267.70. Major gainers are BOI 3.75%, ICICI bank 3.38%, BOB 2.45%, Axis bank 2.25%, Oriental bank 1.11%.

BSE Power index increased by 37.64 points to trade at 3,101.63 as Power Grid 4.87%, R Power 3.91%, Suzlon Energy 3.76% and NTPC 2.60% closed higher.

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