The market is still trading lower as significant selling witnessed in the frontline indices. The selling pressure is seen in the Capital Goods, IT, Power and Oil & Gas stocks. However, the Mid Cap and Small Cap stocks have maintained their opening gains and are trading higher. The Consumer Durables, Pharma and Realty stocks are the hot pursuits of the day.
The overall market breadth is positive, as 1421 stocks are advancing while 1087 stocks are declining and the 67 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 51.23 points at 7,107.44 and the BSE small Cap advanced by 35.68 points to trade at 8,763.40.
At 12.30 pm, BSE Sensex was at 17,069.40 down by 56.58 points and Nifty was at 5,104.60 down by 7.10 points.
BSE Metal index advanced by 20.91 points to trade at 15,756.09. The major gainers are Sesa Goa (6.49%), Maharastra Seamless (5.67%), Sterlite Industries (3.48%) and Hindustan Zinc (1.70%).
Sterlite industries has posted a growth of 15.32% in consolidated net profit to Rs1318.41 crore as against Rs1143.22 crore reported during the same period last year. On a standalone basis, the net profit grew by 46.5% to Rs306.45 crore during the quarter as against Rs209.18 crore last year.
BSE Banks increased by 12.87 points to trade at 8,880.95. The main gainers are Kotak Bank (2.60%), HDFC Bank (1.93%), AXIX Bank (1.27%) and Allahabad Bank (1.52%) are trading in green.
BSE Oil & Gas index was trading 45.90 points lower at 11,508.69 as Essar Oil (2.76%), ABN Offshore (0.95%), ONGC (0.76%) and BPCL (0.41%) are trading in red.
BSE Realty index advanced by 69.07 points to trade at 8,218.84. Leading to its gain are Ansal Infrastructure (3.49%), Mahindra Life (2.92%), Penland (1.57%), Parsavnath (1.40%) and DLF (1.15%).
DLF plans to invest Rs 1,250 crore for the expansion of its multiplex business. The company has planned to add at least 500 screens in the next four to five years across the country.
BSE Capital goods index dropped by 94.15 points to 13,827.72. The main losers are Siemens (7.64%), ABB (2.22%), Crompton Greaves (1.41%) and L&T (0.39%).
BSE IT index fell by 19.18 points to trade at 4,044.19 as Wipro (1.73%), Infosys Technologies (0.85%), TCS (0.74%) and Satyam Computers (0.10%) are trading in red.
BSE Power index declined by 11.76 points to trade at 3,297.90 as Suzlon Energy (1.69%), GVK Power (1.01%), Tata Power (0.40%) and Reliance Energy (0.29%) are trading in negative.
BSE Health Care index advanced by 29.43 points to trade at 4,231.91 as Sun Pharma (3.47%), Dr.Reddy (1.21%) and Ranbaxy Lab (0.44%) are trading in positive.
The overall market breadth is positive, as 1421 stocks are advancing while 1087 stocks are declining and the 67 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 51.23 points at 7,107.44 and the BSE small Cap advanced by 35.68 points to trade at 8,763.40.
At 12.30 pm, BSE Sensex was at 17,069.40 down by 56.58 points and Nifty was at 5,104.60 down by 7.10 points.
BSE Metal index advanced by 20.91 points to trade at 15,756.09. The major gainers are Sesa Goa (6.49%), Maharastra Seamless (5.67%), Sterlite Industries (3.48%) and Hindustan Zinc (1.70%).
Sterlite industries has posted a growth of 15.32% in consolidated net profit to Rs1318.41 crore as against Rs1143.22 crore reported during the same period last year. On a standalone basis, the net profit grew by 46.5% to Rs306.45 crore during the quarter as against Rs209.18 crore last year.
BSE Banks increased by 12.87 points to trade at 8,880.95. The main gainers are Kotak Bank (2.60%), HDFC Bank (1.93%), AXIX Bank (1.27%) and Allahabad Bank (1.52%) are trading in green.
BSE Oil & Gas index was trading 45.90 points lower at 11,508.69 as Essar Oil (2.76%), ABN Offshore (0.95%), ONGC (0.76%) and BPCL (0.41%) are trading in red.
BSE Realty index advanced by 69.07 points to trade at 8,218.84. Leading to its gain are Ansal Infrastructure (3.49%), Mahindra Life (2.92%), Penland (1.57%), Parsavnath (1.40%) and DLF (1.15%).
DLF plans to invest Rs 1,250 crore for the expansion of its multiplex business. The company has planned to add at least 500 screens in the next four to five years across the country.
BSE Capital goods index dropped by 94.15 points to 13,827.72. The main losers are Siemens (7.64%), ABB (2.22%), Crompton Greaves (1.41%) and L&T (0.39%).
BSE IT index fell by 19.18 points to trade at 4,044.19 as Wipro (1.73%), Infosys Technologies (0.85%), TCS (0.74%) and Satyam Computers (0.10%) are trading in red.
BSE Power index declined by 11.76 points to trade at 3,297.90 as Suzlon Energy (1.69%), GVK Power (1.01%), Tata Power (0.40%) and Reliance Energy (0.29%) are trading in negative.
BSE Health Care index advanced by 29.43 points to trade at 4,231.91 as Sun Pharma (3.47%), Dr.Reddy (1.21%) and Ranbaxy Lab (0.44%) are trading in positive.
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