Friday, July 18, 2008

Mid Session Market - July 18, 2008

The market is trading firm as buying is seen in the selective scrips mainly led by the Bank, Realty, Power and Capital Goods stocks. However, the selling pressure in the IT, Metal and Consumer Durables stocks has put the market in a cautious mode. The BSE Sensex is trading above the 13200 mark and the NSE Nifty above the 3900 mark. The BSE Mid Cap and BSE Small Cap stocks are also trading higher.

The overall market breadth is positive 1283 stocks are advancing while 978 stocks are declining and the 95 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 33.48 points at 5,188.82 and the BSE small Cap is up by 32.89 points to trade at 6,420.01.

At 12.30 pm, BSE Sensex was at 13,182.34 up by 70.49 points and the NSE Nifty was at 3,952.10 up by 4.90 points.

BSE Bankex index is trading higher by 284.79 points at 6,012.39. Gainers are HDFC Bank (7.97%), ICICI Bank (6.86%), AXIX Bank (5.04%), Kotak Bank (4.06%) and PNB (2.93%).

BSE Capital goods index inclined by 74.63 points to 10,836.64. The main gainers are BHEL (3.06%), Punj Lloyd (3.03%), ABB (2.02%) and Siemens (1.56%).

BSE Realty index advanced by 139.78 points to 4,567.80. The major gainers are India Bull Real (6.30%), Sobha Developers (3.51%), HDIL (3.44%) and Unitech (2.52%).

BSE Auto index improved by 13.60 points to 3,549.39. The top gainers are TVS Motor (4.48%), Tata Motors (1.11%), Hero Honda (0.47%), and Mahindra & Mahindra (0.45%).

BSE Oil & Gas index was trading 2.75 points lower at 8,849.33 as Cairn India (1.76%), RPL (1.36%), ABN Offshore (1.11%) and RNRL (0.15%) are trading in negative.

BSE Power index increased by 35.75 points to 2,338.52. Gainers are Torent Power (2.37%), Power Grid (2.19%), NTPC (2%) and Tata Power (0.86%).

BSE Health Care index up by 1.19 points to trade at 3,977.47. Leading to its gain are Dr.Reddy (2.72%), Cipla (2.48%), IPCA Lab. (1.51%) and Cadila Healthcare (1.33%).

BSE IT index declined by 150.48 points to trade at 3,524.72 as Satyam Computer (8.59%), HCL Technologies (5.08%), Wipro (4.74%) and Infosys Technologies (3.28%) trading in negative.

BSE Metal index dropped by 209.67 points at 11,487.63 as Sterlite Industries (3.69%), Tata Steel (2.72%), Sesa Goa (2.25%), Hindalco Industries (0.86%) and JSW Steel (0.48%) are trading in red.

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