Wednesday, June 18, 2008

Mid Session Market - June 18, 2008

The market is facing a bit of volatility and is moving in between the positive anJustify Fulld negative territory. The buying support is seen in the Consumer Durables, Power, Metal and Pharma stocks. However, the IT and Banking stocks are still under pressure. However, today the Mid Cap and Small Cap stocks are in demand. The BSE Mid Cap and Small Cap has outperformed the benchmark index is trading higher.

The overall market breadth is positive, as 1769 stocks are advancing while 651 stocks are declining and the 59 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 84.71 points at 6,484.89 and the BSE small Cap advanced by 127.34 points to trade at 7,908.64.

At 12.30 pm, BSE Sensex was at 15,651.15 down by 45.75 points and Nifty was at 4,654.10 marginally up by 1.10 points.

BSE Metal index advanced by 189.39 points to trade at 15,706.25. The major gainers are ISPAT Industries (2.85%), Hindalco Industries (2.20%), JSW Steel (2.12%) and Sterlite Industries (1.65%).

BSE Capital goods index increased by 29.89 points to 12,393.16. The main gainers are Siemens (2.42%), Praj Industries (1.78%), Bharat Electrical (1.20%) and BHEL (0.34%).

BSE Realty increased by 72.04 points to 6,171.23. Leading to its gain are Mahindra Life (4.45%), Purvankara (3.96%), DLF (2.19%), HDIL (2.12%) and Omaxe Ltd. (1.36%) are trading higher.

BSE Oil & Gas index was trading 24.50 points higher at 10,266.29 as Essar Oil (2.45%), BPCL (2.35%), Gail India (2.21%) and Indian Oil (1.63%) are trading in green.

BSE Health Care Index is up by 39.47 points to 4,588.14. The main gainers are Divi’s Lab. (1.74%), Glenmark Pharma (1.64%), Pfizer (1.13%) and Ipca Lab. (0.36%).

BSE Auto grew by 18.77 points to 4,193.54. Leading to its gain are TVS Motor (3.26%), Ashk Leyland (2.87%), Tata Motors (2.03%) and Mahindra & Mahindra (0.31%).

BSE Power index increased by 42.60 points to 2,746. The main gainers are Torent Power (11.86%), GVK Power (3.88%), Suzlon Energy (3.66%) and NTPC (1.90%).

BSE Bankex index is trading lower by 77.07 points at 7,490.10. Losers are HDFC Bank (1.70%), ICICI Bank (1.12%), Kotak Bank (0.59%) and PNB (0.47%).

BSE IT index declined by 46.25 points to trade at 4,393.95 as HCL Technologies (1.81%), TCS (1.24%), Infosys Technologies (1.14%) and Tech Mahindra (1.03%) are trading in red.

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