Mid Session Market - July 17, 2008

The market has maintained its opening gains and is still trading higher as strong buying continued in the selective scrips mainly led by the Realty, Bank, Auto and Capital Goods stocks. However, the Metal stocks have given up their early morning gains and slipped below the trade in the negative territory. The BSE Mid Cap and BSE Small Cap stocks are also trading higher. Inflation will be announced today at 5 pmThe overall market breadth is positive 1447 stocks are advancing while 907 stocks are declining and the 73 stocks remained unchanged on BSE.The BSE Mid cap is higher by 57.50 points at 5,145.78 and the BSE small Cap is up by 67.64 points to trade at 6,392.09.At 12.30 pm, BSE Sensex was at 12,987.46 up by 411.66 points and the NSE Nifty was at 3,909.90 up by 93.20 points.BSE Capital goods index inclined by 281.08 points to 10,441.61. The main gainers are L&T (4.47%), BHEL (3.08%), Siemens (2.56%) and ABB (0.83%).BSE Realty index advanced by 177.40 points to 4,396.52. The major gainers are India Bull Real (6.19%), DLF (5.88%), HDIL (5.01%) and Parsavnath (5.27%).BSE Auto index improved by 115.48 points to 3,509.97. The top gainers are Maruti Suzuki (7.97%), Tata Motors (5.50%), Mahindra & Mahindra (4.92%), and TVS Motor (2.39%).BSE Oil & Gas index was trading 149.21 points higher at 8,737.60 as BPCL (4.77%), Gail India (4.60%), ONGC (2.89%) are trading in positive.BSE Power index increased by 34.77 points to 2,244.65. Gainers are Power Grid (3.55%), Reliance Power (2.26%), NTPC (0.89%) and Torent Power (0.64%).BSE Bankex index is trading higher by 220.34 points at 5,620.58. Gainers are HDFC Bank (6.02%), ICICI Bank (4.28%), SBI (3.27%) and PNB (2.61%).BSE IT index inclined by 100.18 points to trade at 3,667.16 as TCS (4.79%), Satyam Computer (3.65%), Infosys Technologies (2.53%) and Wipro (1.92%) trading in positive.BSE Metal index dropped by 255.83 points at 11,680.19 as SAIL (5.86%), Jindal Steel (4.29%), Tata Steel (3.44%), Sterlite Industries (2.90%) and Jindal Saw (1.81%) are trading in red.BSE Health Care index down by 7.80 points to trade at 3,963.61. Leading to its fall are Ranbaxy Lab,. (3.96%), Biocon (2.74%), Aventis Pharma (0.91%) and Glenmark Pharma (0.13%).