Wednesday, July 16, 2008

Mid Session Market - July 16,2008

The market is now off the day’s high as selling pressure witnessed in the selective scrips mainly led by the Realty, Auto, Consumer Durables and Metal stocks. However, the buying support is seen in the FMCG, Pharma, Oil & Gas and IT stocks. The BSE Mid Cap and The Bse Small Cap has under performed the bench mark index and are trading lower. The Bse Sensex is trading above the 12800 mark and the Nse Nifty is trading near the 3900 mark.

The overall market breadth is negative 922 stocks are advancing while 1370 stocks are declining and the 79 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 45.75 points at 5,117.76 and the BSE small Cap is down by 36.83 points to trade at 6,394.07.

At 12.30 pm, BSE Sensex was at 12,800.72 up by 124.53 points and the NSE Nifty was at 3,875 up by 13.10 points.

BSE Metal index dropped by 208.08 points at 12,017.56 as Gujarat NRE (4.35%), Jindal Saw (4.87%), Nalco (4.23%), JSW Steel (1.47%) and Sterlite Industries (0.16%) are trading in red.

BSE Capital goods index declined by 5.63 points to 10,170.12. The main losers are Siemens (2.02%), Praj Industries (1.74%), BEML (1.40%) and ABB (1.24%).

BSE Oil & Gas index was trading 6.72 points higher at 8,684.42 as BPCL (4.06%), ONGC (2.84%), HPCL (2.52%) and Indian Oil (1.33%) are trading in positive.

BSE Power index decreased by 18.52 points to 2,205.85. Losers are Power Grid (1.55%), Crompton Greaves (1.31%) and Reliance Power (0.88%).

BSE Bankex index is trading lower by 25.31 points at 5,482.69. Losers are Bank of India (2.40%), Kotak Bank (2.12%), Indian Overseas Bank (1.89%) and Union Bank (1.78%).

BSE IT index inclined by 12.67 points to trade at 3,602.24 as HCL Technologies (2.24%), Satyam Computer (1.58%), Infosys Technologies (0.71%) and Wipro (0.29%) trading in positive.

BSE Health Care index up by 22.12 points to trade at 3,931.37. Leading to its gain are Ranbaxy Laboratories (8.44%), Cipla (1.78%), Divi’s Lab (0.18%) and Aurobindo Pharma (0.76%).

BSE Realty index slipped by 167.47 points to 4,335.98. The major losers are Unitech (5.24%), Ansal Infra. (4.66%), DLF (4.01%) and Omaxe Ltd. (3.24%)

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