Wednesday, March 19, 2008

Mid Session Market

The market is still trading higher with significant gains as strong buying continued across the board mainly led by the large cap stocks. However, the broader market has lost its momentum and is trading slightly higher. The BSE Sensex is hovering around the 15,250 mark and the NSE Nifty has maintained the 4,600 mark. The huge demand is witnessed in the Bank, Capital Goods, Metal and Oil & Gas stocks. The overall market breadth is negative, as 1206 stocks are advancing while 1304 stocks are declining on BSE. The BSE Mid cap is higher by 63 points at 6,097 and the BSE small Cap marginally higher by 2 points to trade at 7,367.

At 12.50 pm, BSE Sensex was at 15,228 up by 395 points and Nifty was at 4,636.30 up by 103.30 points.

BSE Capital goods index advanced by 315.46 points to 13,249.34. The main gainers are ABB (5.43%), L&T (3.65%), BHEL (2.25%) and Siemens (1.83%).

BSE Oil & Gas index was trading 191.55 points higher at 9,903.15 as BPCL (4.35%), ONGC (1.42%) and GAIL India (0.74%) are trading in green.

BSE Power index increased by 48.28 points to trade at 3,040.29 as NTPC (2.63%), Power Grid (2.15%) and Cipla (1.46%) are trading in green.

BSE IT index inclined by 77.80 points to trade at 3,376.67 as Wipro (6.69%), HCL Technologies (4.40%), Satyam Computers (4.32%) and TCS (1.47%) are trading in green.

BSE Metal index advanced by 194.67 points to trade at 13,635.45. The major gainers are SAIL (4.21%), Hindalco Industries (3.11%), NALCO (2.33%) and Tata Steel (1.25%).

BSE Banks index surged by 248.74 points to trade at 7,742.71. The top gainers are HDFC Bank (5.36%), ICICI Bank (3.78%), PNB (3.04%) and SBI (2.51%).

BSE Auto index grew by 107.82 points to trade at 4,446.89. Leading to its gain are Mahindra & Mahindra (4.86%), Tata Motors (4.52%) and Maruti Suzuki (1.85%.Mahindra and Mahindra has launched its three wheeler the Alfa passenger in Kochi, which is priced at Rs1.3 lakh. It is also planning to launch CNG and LPG version of the Alfa in the near future

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