Wednesday, May 21, 2008

Mid Session Market

The market has made a smart recovery anfd made sharp U turn from the day’s low as strong buying witnessed in the selective scrips mainly led by the Oil & Gas, Consumer Durables, FMCG stocks. However, the Bank, Pharma and Auto stocks are still trading under deep pressure. 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 facing the buying momentum.

The overall market breadth is positive, as 1371 stocks are advancing while 1051 stocks are declining and the 84 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 26.51 points at 7,132.58 while the BSE small Cap advanced by 76.01 points to trade at 8,734.62.

At 12.30 pm, BSE Sensex was at 17,247.64 up by 17.46 points and Nifty was at 5,109.70 up by 4.75 points.

BSE Oil & Gas index was trading 124.64 points higher at 11,294.25 as Essar Oil (4.51%), RPL (2.96%), ABN Offshore (2.49%), BPCL (1.59%) and HPCL (1.12%) are trading in green.

BSE Metal index dropped by 81 points to trade at 17,095.97. The major losers are SAIL (1.47%), Sterlite Industries (0.97%) and Hindalco Industries (0.83%).

BSE IT index slipped by 25.36 points to trade at 4,441.79 as HCL Technologies (1.05%), Infosys Technologies (0.88%), TCS (0.43%) and Wipro (0.38%) are trading in red.

BSE Capital goods index declined by 23.05 points to 13,540.43. The main losers are BEML (1.21%), ABB (0.57%), Bharat Electical (0.23%) and Havells India (0.25%).

BSE Bankex index is trading lower by 165.67 points at 8,598.18. Losers are PNB (2.97%), HDFC Bank (2.61%), ICICI Bank (2.29%) and SBI (0.51%).

BSE Realty slipped by 29.50 points to 7,864.60. Leading to its fall are DLF (1.34%), Ansal Infrsastructure (0.94%), Sobha Developers (0.26%) and Unitech (0.25%).

BSE Power index decreased by 15.35 points to trade at 3,289.44 as NTPC (2.15%), Suzlon Energy (1.73%), Tata Power (1.10%), Power Grid (0.68%) and Reliance Energy (0.55%) are trading in negative.

BSE Auto index down by 45.95 points to trade at 4,717.74 as Hero Honda (2.26%), Maruti Suzuki (1.61%), Tata Motors (0.42%) and Mahindra & Mahindra (0.28%) are trading in negative.

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