Wednesday, May 28, 2008

Mid Session Market

The volatility grips the market soon after the start of the session. The market is swinging in between the positive and negative territory. The sustained buying support is seen in the selective scrips mainly led by the FMCG, IT, Pharma and Bank stocks. However, Capital Goods, Power, Realty and Auto stocks are still under pressure. The broader market is also trading flat as the Mid Cap is trading in the positive zone while the Small cap is trading lower.

The overall market breadth is negative, as 1043 stocks are advancing while 1392 stocks are declining and the 76 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 8.76 points at 6,687.67 while the BSE small Cap dropped by 23.31 points to trade at 8,186.76.

At 12.30 pm, BSE Sensex was at 16,331.35 up by 55.75 points and Nifty was at 4,864.20 up by 4.40 points.

BSE IT index inclined by 43.38 points to trade at 4,493.78 as Satyam Computer (2.49%), HCL Technologies (2.10%), TCS (1.79%) and Wipro (1.65%) are trading in green.

BSE Oil & Gas index was trading 41.32 points lower at 10,666.58 as Cairn India (3.28%), Essar Oil (2.39%), ONGC (1.52%) and ABN Offshore (0.61%) are trading in red.

BSE Metal index dropped by 51.53 points to trade at 16,219.24. The major losers are Jindal Steel (3.67%), SAIL (1.21%), Sterlite Industries (0.63%) and Tata Steel (0.14%).

BSE Capital goods index slipped by 271.95 points to 12,512.19. The main losers are BHEL (3.48%), L&T (1.87%), ABB (0.52%) and Siemens (0.23%).

BSE Bankex index is trading higher by 22.33 points at 7,776.97. Gainers are AXIX Bank (5.55%), Kotak Bank (1.77%), PNB (1.29%) and SBI (1%).

BSE Realty decreased by 103.35 points to 7,122.75. Leading to its fall are Unitech (1.99%), Indiabull Real (1.96%), Sobha Developers (1.76%), Purvankara (0.65%) and HDIL (0.43%).

BSE Power index decreased by 41.87 points to trade at 3,070.44 as Suzlon Energy (3.60%), Torent Power (1.88%), Rel Infra (1.60%), Reliance Power (1.16%), and NTPC (0.96%) are trading in negative.

BSE Auto decreased by 33.32 points to 4,502.32. Leading to its fall are Mahindra & Mahindra (1.48%), Tata Motors (0.81%), and TVS Motor (0.92%).

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