The market is still trading under pressure as significant selling in scrips continued among the selective scrips. The most selling pressure is witnessed in the Bank, Realty, Capital Goods and Oil & Gas stocks. However, the Metal and IT stocks have maintained their opening gains and are trading higher. The BSE Sensex is hovering around the 17,200 mark and the NSE Nifty is trading above the 5,100 mark. The broader market is also trading flat.
The overall market breadth is positive, as 1434 stocks are advancing while 1017 stocks are declining and the 84 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 17.38 points at 7,112.32 while the BSE small Cap advanced by 51.19 points to trade at 8,671.45.
At 12.30 pm, BSE Sensex was at 17,234.94 down by 200 points and Nifty was at 5,097.60 down by 60.10 points.
BSE Metal index surged by 145.23 points to trade at 17,203.24. The major gainers are Sterlite Industries (4.75%), JSW Steel (2.16%), Bhusan Steel (2.80%) and Jindal Saw (1.89%).
SAIL is trading lower by (2.02%) as the company enters into a memorandum of understanding with the construction equipment company Bharat Earth Movers Ltd for supply of earth moving equipment and spares. As per the agreement, SAIL shall purchase a total of 261 mining equipment worth Rs477 crore over a period of next three years.
BSE IT index advanced by 34.17 points to trade at 4,501.72 as I-flex (3.58%), Infosys Techologies (1.92%), Satyam Computer (1%) and Moser Baer (0.73%) are trading in green.
BSE Capital goods index dropped by 112.14 points to 13,584.61. The main losers are BHEL (2.27%), ABB (1.29%), L&T (1.13%) and Siemens (0.65%).
BSE Bankex index is trading lower by 122.96 points at 8,818.32. Losers are SBI (2.10%), ICICI Bank (1.53%), HDFC Bank (1.36%) and PNB (1.03%).
BSE Realty slipped by 64.64 points to 7,979.61. Leading to its fall are Unitech (2.18%), Mahindralife (1.89%), India Bull Real (1.35%) and Penland (0.68%).
BSE Oil & Gas index was trading 78.81 points lower at 11,210.77 as BPCL (3.63%), Essar Oil (2.95%), ONGC (1.49%) and Indian Oil (1%) are trading in red.
BSE Power index declined by 12.13 points to trade at 3,320.36 as GVK Power (2.56%), Crompton Greaves (1.26%), Power Grid (0.53%) and Torent Power (0.42%) are trading in negative.
BSE Auto index improved by 0.94 points to trade at 4,758.24 as TVS Motor (2.39%), Ashok Leyland (1.66%), Tata Motors (0.78%) and Hero Honda (0.70%) are trading in positive.
The overall market breadth is positive, as 1434 stocks are advancing while 1017 stocks are declining and the 84 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 17.38 points at 7,112.32 while the BSE small Cap advanced by 51.19 points to trade at 8,671.45.
At 12.30 pm, BSE Sensex was at 17,234.94 down by 200 points and Nifty was at 5,097.60 down by 60.10 points.
BSE Metal index surged by 145.23 points to trade at 17,203.24. The major gainers are Sterlite Industries (4.75%), JSW Steel (2.16%), Bhusan Steel (2.80%) and Jindal Saw (1.89%).
SAIL is trading lower by (2.02%) as the company enters into a memorandum of understanding with the construction equipment company Bharat Earth Movers Ltd for supply of earth moving equipment and spares. As per the agreement, SAIL shall purchase a total of 261 mining equipment worth Rs477 crore over a period of next three years.
BSE IT index advanced by 34.17 points to trade at 4,501.72 as I-flex (3.58%), Infosys Techologies (1.92%), Satyam Computer (1%) and Moser Baer (0.73%) are trading in green.
BSE Capital goods index dropped by 112.14 points to 13,584.61. The main losers are BHEL (2.27%), ABB (1.29%), L&T (1.13%) and Siemens (0.65%).
BSE Bankex index is trading lower by 122.96 points at 8,818.32. Losers are SBI (2.10%), ICICI Bank (1.53%), HDFC Bank (1.36%) and PNB (1.03%).
BSE Realty slipped by 64.64 points to 7,979.61. Leading to its fall are Unitech (2.18%), Mahindralife (1.89%), India Bull Real (1.35%) and Penland (0.68%).
BSE Oil & Gas index was trading 78.81 points lower at 11,210.77 as BPCL (3.63%), Essar Oil (2.95%), ONGC (1.49%) and Indian Oil (1%) are trading in red.
BSE Power index declined by 12.13 points to trade at 3,320.36 as GVK Power (2.56%), Crompton Greaves (1.26%), Power Grid (0.53%) and Torent Power (0.42%) are trading in negative.
BSE Auto index improved by 0.94 points to trade at 4,758.24 as TVS Motor (2.39%), Ashok Leyland (1.66%), Tata Motors (0.78%) and Hero Honda (0.70%) are trading in positive.
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