Thursday, April 17, 2008

Mid Session Market

The market is still maintained its opening gain a strong buying continued across the board. The inflation number that came out today that showed a sharp cool off in numbers after eight weeks of steady rise cheers the investors. The inflation number for the week ended April 5 stood at 7.14% as against earlier 7.41%. The IT, Realty, Metal and Bank stocks are the hot performers of the day. The Mid Cap and Small Cap stocks have maintained their opening gains and are trading strongly.

The overall market breadth is positive, as 1922 stocks are advancing while 622 stocks are declining and the 55 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 110.46 points at 6,809.56 and the BSE small Cap advanced by 136.27 points to trade at 8,487.41.

At 12.30 pm, BSE Sensex was at 16,470.45 up by 226.26 points and Nifty was at 4,953.05 up by 65.75 points.

BSE Metal index advanced by 415.98 points to trade at 14,550.30. The major gainers are SAIL (4.32%), Hindalco Industries (2.82%), Tata Steel (2.60%) and NALCO (2.44%).

BSE Banks index improved by 277.74 points to trade at 8,321.45. The top gainers are ICICI Bank (3.43%), HDFC Bank (2.75%), SBI (2.04%) and PNB (1.7%).

BSE IT index grew by 155.05 points to trade at 4,161.55 as Infosys Technologies (4.88%), Wipro (3.80%), HCL Technologies (3.07%), Satyam Computer (2.64%) and TCS (2.57%) are trading in green.

BSE Oil & Gas index was trading 141.90 points higher at 11,563.92 as Cairn India (2.37%), RPL (1.62%) and ONGC (0.39%) are trading in green.

BSE Realty index increased by 251.12 points to trade at 7,597.08. Leading to its gain are India Bull Real (5.43%), HDIL (5.23%), DLF (3.72%) and Parsavnath (3.70%).
DLF plans an integrated township named DLF Garden City with an area of 34 acres at Panchkula. This project is a residential project which would offer 2,3 and 4 bedroom hall kitchen apartments with an area of 1250 sq ft, 1550 sq.ft and 2250 sq ft respectively.

BSE Capital goods index advanced by 155.58 points to 13,507.64. The main gainers are Praj Industries (4.19%), Punj Lloyd (4.27%), BEML (3.98%) and Bharat Electrical (1.40%).

BSE Power index increased by 56.63 points to trade at 3,264.44 as Tata Power (3%), NTPC (2.14%), Suzlon Energy (1.72%) and Reliance Energy (1.11%) are trading in positive.

BSE Auto index inclined by 43.03 points to trade at 4,509.20. Leading to its gain are TVS Motor (2.11%), Mahindra & Mahindra (1.01%), Maruti Suzuki (0.53%) and Tata Motors (0.81%).

BSE Health Care index inclined by 37.23 points to trade at 4,101.20 as Aventis Pharma (3.31%), Divi’s Lab (1.50%), Cipla (1%) and Sun Pharma (0.66%) are trading in positive.

No comments: