Thursday, June 26, 2008

Mid Session Market - June 26, 2008

The market has given up most of its early morning gains and is trading flat on the last day of the expiry of the F&O of the nth of June. The Realty, Power, Auto and Pharma stocks are facing the selling pressure today. However, the buying support is seen in the Oil & Gas, IT and Consumer Durables stocks. The BSE Sensex is currently hovering above the 14200 mark and the NSE Nifty is trading near the 4250 mark. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index.

The overall market breadth is positive 1423 stocks are advancing while 963 stocks are declining and the 70 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 16.35 points at 5,763.01 and the BSE small Cap is up by 61.45 points to trade at 7,119.47.

At 12.30 pm, BSE Sensex was at 14,243.65 up by 23.58 points and Nifty was at 4,249.40 down by 3.45 points.

BSE Oil & Gas index was trading 150.16 points higher at 9,561.72 as Gail India (2.17%), ONGC (0.75%), RPL (0.44%) and RNRL (0.39%) are trading in green.

BSE Metal index advanced by 38.28 points to trade at 13,803.42. The major gainers are JSW Steel (2.01%), Jindal Steel (1.16%), Sesa Goa (0.91%) and Sterlite Industries (0.13%).

BSE Capital goods index advanced by 27.99 points to 10,830.17. The main gainers are AIA Engineering (1.55%), L&T (1.95%) and SKF (0.47%).

BSE IT index inclined by 36.72 points to trade at 4,131.67 as Financial Technologies (2.93%), Satyam Computer (2.43%), HCL Technologies (1.85%) and Wipro (1.73%) are trading in green.

BSE Power index decreased by 15.51 points to 2,428.91. The main losers are Reliance Power (2.99%), Suzlon Eneregy (2.33%), NTPC (2.26%) and Tata Power (1.02%).

BSE Health Care down by 27.46 points at 4,162.52. The top losers are Glenmark Pharma (2.78%), Ranbaxy Lab. (2.06%), Sun Pharma (1.69%) and Aventis Pharma (1.35%).

BSE Bankex index is trading lower by 3.11 points at 6,472.70. Losers are ICICI Bank (1.10%), PNB (1.56%), SBI (0.84%) and HDFC Bank (0.44%).

BSE Realty dropped by 98.39 points to 5,109.46. Leading to its fall are Ansal Infra. (4.89%), Mahindra Life (3.69%), Parsavnath (3%), DLF (2.51%) are trading lower.

BSE Auto fell by 37.17 points to 3,823.71. Leading to its fall are Maruti Suzuki (3.34%), Tata Motors (1.96%), Hero Honda (1.26%) and Mahindra & Mahindra (1.11%).

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