Friday, March 28, 2008

Mid Session Market

The market is trading higher on the back of selective buying in scrips. The broader market has maintained their opening gains and has outperformed the benchmark index. The BSE Sensex has is trading around the 16000 mark and the NSE Nifty is trading in positive and hovering around the 4800 mark. The significant buying witnessed in the Metal, IT and Capital Goods stocks.
Inflation number which came up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.

The overall market breadth is positive, as 1989 stocks are advancing while 495 stocks are declining and the 41 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 87.27 points at 6,363.53 and the BSE small Cap advanced by 191.95 points to trade at 7,718.73.

At 12.50 pm, BSE Sensex was at 16,039.52 up by 23.96 points and Nifty was at 4,843.80 up by 13.55 points.

BSE Metal index surged by 216.57 points to trade at 14,070.55. The major gainers are Tata Steel (4.89%), Sterlite Industries (1.53%), NALCO (1.09%).

BSE Capital goods index advanced by 145.45 points to 13,860.19. The main gainers are L&T (1.89%), BHEL (1.06%), ABB (0.68%) and Siemens (0.30%).

BSE Banks index slipped by 224.15 points to trade at 7,952.51. The top losers are ICICI Bank (4.31%), PNB (4.02%), HDFC Bank (3.91%) and SBI (1.15%).

BSE Health Care index inclined by 29.87 points to trade at 3,816.07 as Pfizer (2.96%), Fortis Health (2.19%), Cipla (2.29%), Dr. Reddy (1.70%) and Divi’s Lab (0.79%) are trading in positive.

BSE Oil & Gas index was trading 72.27 points lower at 10,088.71 as ONGC (2.50%) and Reliance (0.53%) are trading in red while Cairn India (3.42%), ABN Offshore (2.03%), GAIL India (1.70%) and Essar Oil (1.59%) are trading in green.

BSE Power index increased by 33.51 points to trade at 3,203.65 as Suzlon Energy (4.34%), Torent Power (3.68%), Reliance Energy (1.68%) and GVK Power (1.90%) are trading in positive.

BSE IT index grew by 58.43 points to trade at 3,638.18 as Patni Computer (4.38%), Infosys Technologies (1.96%), Satyam Computer (1.68%) and TCS (1.01%) are trading in green.

BSE Auto index slipped by 37.80 points to trade at 4,494.88. Leading to its fall are Mahindra & Mahindra (1.90%), Tata Motors (1.63%), Maruti Suzuki (0.88%) and Bharat Forge (1.01%).

No comments: