Wednesday, June 25, 2008

Mid Session Market - June 25, 2008

The market has paired most of its early morning losses and is trading flat as the NSE Nifty is trading marginally higher while the BSE Sensex is trading down. The significant buying emerged in the selective scrips mainly led by the Metal, Oil & Gas, Consumer Durables and Capital Goods stocks. However, the Realty, Bank and IT stocks are still under pressure. The BSE Mid Cap and BSE Small Cap are also trading flat.

The overall market breadth is negative 978 stocks are advancing while 1415 stocks are declining and the 79 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 510.32 points at 5,702.42 while the BSE small Cap is marginally up by 0.74 points to trade at 7,007.16.

At 12.30 pm, BSE Sensex was at 14,067.04 down by 39.54 points and Nifty was at 4,202.50 up by 11.40 points.

BSE Oil & Gas index was trading 155.51 points higher at 9,301.94 as BPCL (2.92%), HPCL (2.79%), ONGC (2.20%) and Essar Oil (1.91%) are trading in green.

BSE Metal index surged by 231.56 points to trade at 13,600.38. The major gainers are Sterlite Industries (5.11%), SAIL (2.33%), JSW Steel (2.05%) and Jindal Stainless (2.20%).

BSE Capital goods index advanced by 166.20 points to 10,805.80. The main gainers are Punj Lloyd (3.61%), BHEL (3.81%), Praj Industries (2.35%) and ABB (1.74%).

BSE Power index increased by 32.95 points to 2,431.04. The main gainers are GVK Power (1.18%), Torent Power (1%), Suzlon Energy (0.71%) and NTPC (0.67%).

BSE Health Care up by 11.99 points at 4,177.90. The top gainers are Ranbaxy Lab. (2.76%), Glaxosmith (1.79%), Glenmark Pharma (1.04%) and Divi’s Lab (1.63%).

BSE Bankex index is trading lower by 30.62 points at 6,469.04. Losers are Kotak Bank (2.27%), Canara Bank (2.83%), ICICI Bank (1.17%) and Andhra Bank (1.11%).

BSE Realty dropped by 113.10 points to 4,985.34. Leading to its fall are India Bull Real (8.51%), Purvankara (3.21%), HDIL (2.01%), Sobha Developers (1.34%) are trading lower.

BSE Auto fell by 19.11 points to 3,823.66. Leading to its fall are Tata Motors (2.64%), Hero Honda (0.69%), TVS Motor (0.48%) and Ashok Leyland (0.49%).

BSE IT index declined by 57.43 points to trade at 4,084.08 as Infosys Technologies (2.96%), Wipro (2.28%), Satyam Computer (2.22%) and HCL Technologies (1.28%) are trading in red.

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