Mid Session Market

The market is still trading higher as strong buying continued across the board. The Bank, Metal, Auto and Consumer Durables are in hue demand today. However, the Realty, Capital Goods and FMCG stocks are out of favor today as not much buying witnessed in these stocks. The Mid Cap and Small Cap stocks also trading higher but has under performed the benchmark index today.The overall market breadth is negative, as 1214 stocks are advancing while 1260 stocks are declining and the 65 stocks remained unchanged on BSE.The BSE Mid cap is higher by 27.45 points at 7,031.85 and the BSE small Cap advanced by 0.62 points to trade at 8,741.63.At 12.37 pm, BSE Sensex was at 16,889.95 up by 168.87 points and Nifty was at 5,054.90 up by 55.05 points.BSE Metal index advanced by 153.55 points to trade at 15,517.98. The major gainers are NALCO (2.53%), Sterlite Industries (1.94%), SAIL (1.37%) and Tata Steel (0.86%).BSE Banks surged by 124.32 points to trade at 8,706.37. The main gainers are HDFC Bank (2.15%), SBI (2.06%), ICICI Bank (1.11%) and PNB (1.05%) are trading in green.BSE Oil & Gas index was trading 114.75 points higher at 11,490.11 as Essar Oil (2.82%), BPCL (1.07%), HPCL (1.01%) and ONGC (0.94%) are trading in green.BSE Realty index increased by 5.41 points to trade at 8,042.54. Leading to its gain are Anant Raj (4.90%), HDIL (1.69%), Mahindra Life (1.42%), India Bull (1.23%) and Unitech (0.76%).BSE Capital goods index increased marginally by 0.71 points to 13,821.14. The main gainers are ABB (1.35%), BHEL (0.51%), Punj Lloyd (0.54%) and Praj Industries (0.06%).BSE IT index grew by 29.92 points to trade at 4,079.44 as Mphasis (3.64%), Wipro (2.99%), HCL Technologies (2.45%) and TCS (0.61%) are trading in green.BSE Power index inclined by 11.35 points to trade at 3,291.37 as NTPC (0.94%), Power Grid (0.73%), Reliance Power (0.84%), Reliance Energy (0.34%) and Suzlon Energy (0.32%) are trading in positive.BSE Auto index improved by 44.38 points to trade at 4,615.37. Leading to its gain are Hero Honda (4.04%), Ashok Leyland (1.23%), Mahindra & Mahindra (0.83%) and TVS Motor (0.91%).Hero Honda has reported a better than expected 53% rise in quarterly net profit. The net profit rose to Rs.2.99bn in the fiscal fourth quarter to end-March from Rs.1.95bn a year earlier. Net sales rose to Rs.27.89bn from Rs.26.40bn.BSE Health Care index advanced by 17.55 points to trade at 4,187.60 as Divi’s Lab (1.48%), Nicholas Piramal (1.58%), Aventis Pharma (1.47%) and Biocon (0.55%) are trading in positive.