Thursday, April 24, 2008

Mid Sesion Market

The market is still trading higher as significant buying witnessed in the selective scrips mainly led by the Consumer Durables, Realty, Capital Goods and IT stocks. However, the Auto and Pharma stocks are trading marginally down. The broader market has also maintained its opening gains ad is trading in line with the benchmark index.

The overall market breadth is positive, as 1608 stocks are advancing while 941 stocks are declining and the 70 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 44.66 points at 7,111.07 and the BSE small Cap advanced by 57.40 points to trade at 8,857.26.

At 12.37 pm, BSE Sensex was at 16,794.52 up by 96.48 points and Nifty was at 5,045.10 up by 22.30 points.

BSE Realty index surged by 101.58 points to trade at 8,157.75. Leading to its gain are India Bull Real (3.45%), Omaxe Ltd. (3.21%), Parsavnath (2.52%), Unitech (2.42%) and HDIL (1.25%).

BSE Metal index advanced by 73.75 points to trade at 15,621.85. The major gainers are Jindal Saw (4.81%), Hindustan Zinc (4.11%), Sesa Goa (2.25%) and SAIL (1.61%).

BSE Capital goods index improved by 63.60 points to 13,834.57. The main gainers are L&T (1.09%), ABB (1.02%), BHEL (0.42%) and Siemens (0.30%).

BSE Oil & Gas index was trading 24.79 points higher at 11,407.61 as Gail India (0.89%), RPL (0.84%) and Cairn India (0.50%) are trading in green.

BSE IT index grew by 12.65 points to trade at 3,943.12 as Satyam Computer (2.75%), Wipro (1.14%), and Infosys Technologies (0.83%) are trading in green.

BSE Power index increased by 7.25 points to trade at 3,307.15 as Tata Power (3.24%) and Suzlon Energy (0.73%) are trading in positive while NTPC (0.74%) and Power Grid (0.19%) are trading in negative.
Tata Power will enter into an agreement with BHEL for sourcing equipment for sourcing equipment for all its future power projects.

BSE Auto index declined by 3.43 points to trade at 4,576.12. Leading to its fall are Marui Suzuki (2.16%), Mahindra & Mahindra (0.32%) and Tata Motors (0.06%).
Hero Honda is trading higher by (1.66%) as the company has hiked prices of its two wheelers between Rs500 and Rs1000.

BSE Health Care index decreased by 6.74 points to trade at 4,183.25 as Sun Pharma (1.25%), Cipla (1.17%), and Ranbaxy Laboratories (0.02%) are trading in negative.

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