Monday, June 30, 2008

Mid Session Market - June 30,2008

The market is facing selling pressure as profit booking continued in the selective scrips. The Realty, Bank, Auto and Consumer Durables stocks are out of favor today. However, some buying witnessed in the IT and Pharma stocks. The BSE Sensex is hovering below the 13700 mark and the NSE Nifty managed to trade above the 4100 mark. The BSE Mid Cap and BSE Small Cap are also trading with a cut of more than 1% each.

The overall market breadth is negative 701 stocks are advancing while 1689 stocks are declining and the 60 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 76.83 points at 5,481.92 and the BSE small Cap is down by 91.38 points to trade at 6,846.69.

At 12.30 pm, BSE Sensex was at 13,687.01 down by 115.21 points and Nifty was at 4,109.35 down by 27.30 points.

BSE IT index inclined by 40.71 points to trade at 4,045.46 as I-Flex (3.20%), Satyam Computer (2.09%), Infosys Technologies (1.39%) and Wipro (0.85%) are trading in green.

BSE Oil & Gas index was trading 81.19 points lower at 9,306.44 as RNRL (6.36%), BPCL (2.96%), Indian Oil (2.81%) and Essar Oil (2.31%) are trading in red.

BSE Health Care up by 12.04 points at 4,162.09. The top gainers are Sun Pharma (3.48%), Matrix Labs (3.93%), Dr.Reddy (1.05%) and Glenmark Pharma (0.75%).

BSE Metal index advanced by 5.96 points to trade at 13,298.41. The major gainers are Sterlite Industries (2.49%), NALCO (2.16%), Hindalco Industries (1.44%) and Maharashtra Seamless (1.76%).

BSE Capital goods index dropped by 46.63 points to 10,395.51. The main losers are Siemens (3.35%), Praj Industries (3.33%), ABB (2.47%) and L&T (1.47%).

BSE Power index decreased by 28.14 points to 2,307.12. The main losers are GVK Power (3.56%), Tata Power (3.41%), Reliance Power (2..07%) and Torent Power (1.86%).

BSE Bankex index is trading lower by 186.37 points at 5,939.58. Losers are ICICI Bank (4.76%), PNB (4.61%), HDFC Bank (2.08%) and SBI (1.74%).

BSE Realty dropped by 182.91 points to 4,692.34. Leading to its fall are India Bull Real (5.56%), Omaxe Ltd. (4.86%), Parsavnath (4.59%), Mahindra Life (4.72%) are trading lower.

BSE Auto fell by 70.92 points to 3,619. Leading to its fall are Tata Motors (5.23%), Mahindra & Mahindra (3.44%), Maruti Suzuki (2.71%) and TVS Motor (1.46%).

No comments: