Monday, July 21, 2008

Mid Session Market - July 21, 2008

The market has maintained its opening gains are is trading strongly. The strong buying support is seen in the Bank, Pharma, FMCG and Auto stocks. However, the Capital Goods, Consumer Durables stocks are still lagging behind. The BSE Sensex is trading above the 13700 mark and the NSE Nifty above the 4100 mark. The BSE Mid Cap and BSE Small Cap stocks are however trading flat.

The overall market breadth is negative 1019 stocks are advancing while 1227 stocks are declining and the 76 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 2.56 points at 5,241.95 while the BSE small Cap is down by 22.52 points to trade at 6,433.37.

At 12.30 pm, BSE Sensex was at 13,786.26 up by 150.86 points and the NSE Nifty was at 4,120.95 up by 28.70 points.

BSE Bankex index is trading higher by 191.53 points at 6,380.42. Gainers are PNB (4.57%), Bank of Baroda (4.28%), Bank of India (3.74%), SBI (3.25%) and Kotak Bank (1.66%).

BSE Health Care index up by 111.40 points to trade at 4,102.25. Leading to its gain are Sun Pharma (6.20%), Dr. Reddy (4.42%), Glenmark Pharma (3.17%), Orchid Chemicals (3.14%) and Cipla (3.32%).

BSE Realty index advanced by 22.09 points to 4,692.33. The major gainers are India Bull Real (4.77%), Anant Raj Industries (4.48%) and HDIL (2.48%).

BSE Auto index improved by 31.41 points to 3,632.34. The top gainers are Hero Honda (2.04%), Mahindra & Mahindra (1.86%), Tata Motors (0.71%) and Maruti Suzuki (0.34%).

BSE Oil & Gas index was trading 14.11 points higher at 9,246.15 as ONGC (0.68%), Reliance (0.49%), Indian Oil (0.43%) and ABN Offshore (0.46%) are trading in positive.

BSE Power index increased by 18.17 points to 2,399.98. Gainers are Tata Power (2.52%), Power Grid (2.07%), GVK Power (2%) and NTPC (1.59%).

BSE IT index inclined by 14.76 points to trade at 3,595.41 as Tech Mahindra (1.45%), Wipro (1.76%), TCS (0.51%) and Infosys Technologies (0.90%) trading in positive.

BSE Metal index advanced by 107.34 points at 11,775.73 as Tata Steel (1.77%), Jindal Stainless (1.61%), JSW Steel (1.59%), SAIL (1.26%) are trading in green.

BSE Capital goods index dropped by 64.26 points to 11,082.25. The main losers are L&T (2.60%), BHEL (1.19%), BEML (1.15%) and Punj Lloyd (0.93%).

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