Mid Session Market - June 17, 2008

The market has gained further ground due to the sustained buying interest across the board. The BSE has surpassed the 15500 mark and the NSE Nifty crossed the 4600 mark. The buying is seen in the Bank, Realty, Capital Goods and Consumer Durables stocks. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index. The overall market breadth is positive, as 1527 stocks are advancing while 873 stocks are declining and the 73 stocks remained unchanged on BSE. The BSE Mid cap is higher by 57.51 points at 6,357.24 and the BSE small Cap advanced by 64.21 points to trade at 7,733.32. At 12.30 pm, BSE Sensex was at 15,549.25 up by 153.43 points and Nifty was at 4,606.70 up by 34.20 points. BSE Metal index advanced by 22.91 points to trade at 15,397.68. The major gainers are Jindal Saw (1.04%), Sterlite Industries (0.80%), Ispat Industries (0.69%) and Jindal Steel (0.51%). Tata Steel is trading lower by (0.51%). The company has formed a joint venture for the power project in Orissa. The company is setting up a Rs 675-crore coal-fired power station in Orissa in alliance with Hyderabad-based Jasper Industries. BSE Capital goods index surged by 192.22 points to 12,295.42. The main gainers are L&T (3.62%), BHEL (1.93%), BEML (1.32%) and Siemens (1.13%). BSE Bankex index is trading higher by 195.55 points at 7,451.18. Gainers are HDFC Bank (4.87%), SBI (3.12%), ICICI Bank (2.14%) and PNB (1.60%). BSE Realty increased by 153.59 points to 6,024.46. Leading to its gain are India Bull Real (4.49%), Unitech (2.15%), Parsavnath (1.65%), HDIL (1.97%) and Omaxe Ltd. (1.71%) are trading higher. BSE Oil & Gas index was trading 22.81 points higher at 10,038.87 as Essar Oil (1.67%), ONGC (1.17%), HPCL (1.32%) and BPCL (0.78%) are trading in green. BSE IT index inclined by 21.67 points to trade at 4,435.02 as Wipro (2.56%), TCS (1.28%), Mphasis (0.66%) and Infosys Technologies (0.33%) are trading in green. BSE Health Care Index is up by 10.26 points to 4,532.81. The main gainers are Cadila Healthcare (1.74%), Cipla (1.18%), Ranbaxy Lab. (0.64%) and Glaxosmith (0.55%). BSE Auto grew by 36.14 points to 4,160.02. Leading to its gain are Hero Honda (1.79%), Mahindra & Mahindra (1.39%), Maruti Suzuki (1.38%) and Tata Motors (0.82%). BSE Power index increased by 16.60 points to 2,684.80. The main gainers are Power Grid (2.48%), Torent Power (1.54%), NTPC (0.81%) and Suzlon Energy (0.58%).