Monday, June 16, 2008

Mid Session Market - June 16, 2008

The market has maintained its opening gains and is still trading higher as strong buying support witnessed across the board. The buying interest is seen in the Realty, Bank, IT and Metal stocks. The BSE Sensex is trading around the 15500 mark and the NSE Nifty is trading near the 4600 mark. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index.

The overall market breadth is positive, as 1803 stocks are advancing while 583 stocks are declining and the 61 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 111.80 points at 6,339.98 and the BSE small Cap advanced by 121.88 points to trade at 7,703.60.

At 12.30 pm, BSE Sensex was at 15,468.39 up by 278.76 points and Nifty was at 4,590.30 up by 73.20 points.

BSE Metal index advanced by 256.65 points to trade at 15,442.57. The major gainers are JSW Steel (6.02%), Tata Steel (2.19%), Sterlite Industries (1.96%) and SAIL (1.79%).

BSE Capital goods index surged by 203.48 points to 12,222.64. The main gainers are Siemens (3.91%), L&T (1.69%), ABB (0.83%) and BHEL (0.77%).

BSE Bankex index is trading higher by 186.56 points at 7,242.80. Gainers are ICICI Bank (3.49%), HDFC Bank (2.30%), PNB (1.98%) and SBI (0.64%).

BSE Realty increased by 148.50 points to 5,818.73. Leading to its gain are HDIL (4.91%), Unitech (4.06%), Parsavnath (4.24%), DLF (3.39%) and Purvankara (2.86%) are trading higher.

BSE Oil & Gas index was trading 124.78 points higher at 10,041.79 as BPCL (3.05%), Gail India (2.44%), ONGC (2.11%) and RPL (1.59%) are trading in green.

BSE IT index inclined by 110.69 points to trade at 4,446.75 as I-Flex (8.62%), Tech Mahindra (3.58%), TCS (2.44%) and Infosys Technologies (0.77%) are trading in green.

BSE Health Care Index is up by 43.04 points to 4,537.06. The main gainers are Cipla (2.89%), Sun Pharma (1.56%) and Ranbaxy Lab. (0.78%).

BSE Auto grew by 5.15 points to 4,134.94. Leading to its gain are TVS Motor (1.74%), Tata Motors (1.06%), Ashok Leyland (1.86%) and Maruti Suzuki (0.26%).

BSE Power index increased by 55.55 points to 2,683.28. The main gainers are Power Grid (3.93%), Reliance Infra (3.43%), Tata Power (2.04%) and Torent Power (1.70%).

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