Thursday, June 12, 2008

Mid Session Market - June 12, 2008

The market is still trading lower and is not showing any signs of recovery. The strong selling continued across the board mainly led by the Realty, Bank, Capital Goods and Metal stocks. However, the FMCG and Pharma stocks have shed some of its early losses. The BSE Sensex is trading around the 14800 mark with a cut of more than 2% and the NSE Nifty is trading below the 4500 mark. The Broader market is also trading lower with a cut of more than 1% is seen in the BSE Mid Cap and BSE Small Cap stocks.

The overall market breadth is negative, as 759 stocks are advancing while 1594 stocks are declining and the 56 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 92.83 points at 6,097.89 and the BSE small Cap slipped by 82.74 points to trade at 7,384.56.

At 12.30 pm, BSE Sensex was at 14,874.44 down by 310.88 points and Nifty was at 4,442.90 down by 80.70 points.

BSE Capital goods index dropped by 341.46 points to 11,560.03. The main losers are BHEL (4.24%), Siemens (2.42%), L&T (2.39%) and ABB (1.16%).

BSE Oil & Gas index was trading 247.85 points lower at 9,584.39 as Gail India (2.11%), ONGC (1.74%), BPCL (1.56%) and RPL (0.17%) are trading in red.

BSE Auto fell by 44.97 points to 4,107.34. Leading to its fall are Maruti Suzuki (2.08%), Hero Honda (1.45%) and Mahindra & Mahindra (0.91%).

BSE Realty decreased by 317.04 points to 5,486.62. Leading to its fall are India Bull Real (6.83%), DLF (6.20%), HDIL (5%), Omaxe (3.15%) are trading lower.

BSE Metal index dropped by 482.36 points to trade at 14,918.44. The major losers are SAIL (2.99%), Tata Steel (2.87%), NALCO (2.67%) and Sterlite Industries (2.02%).

BSE Power index decreased by 73.30 points to 2,579.62. The main losers are Suzlon Energy (5.92%), NTPC (2.69%), Reliance Infrastructure (1.27%) and Power Grid (0.70%).

BSE Bankex index is trading lower by 247.16 points at 6,771.26. Losers are HDFC Bank (4.80%), ICICI Bank (3.51%), SBI (2.71%) and PNB (2.50%).

BSE IT index declined by 109.68 points to trade at 4,247.75 as Satyam Computer (2.93%), Infosys Technologies (2.59%), TCS (1.61%) and Wipro (1.42%) are trading in red.

BSE Health Care Index is down by 29.43 points to 4,417.81. The main losers are Ranbaxy Lab. (3.91%), Orchid Chemicals (2.22%), Nicholas Piramal (1.76%) and Glaxosmith (0.93%).

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