Thursday, July 24, 2008

Mid Session Market - July 24, 2008

The market after giving up all its opening gains has slipped below to trade in the negative territory. The selling pressure is seen in the IT, Metal, Bank and Capital Goods stocks. However, the Oil & Gas, Realty and Auto stocks are facing significant buying support. The BSE Sensex is now trading below the 14800 mark. The BSE Mid Cap and BSE Small Cap are however trading higher.

The overall market breadth is positive as 2055 stocks are advancing while 399 stocks are declining and the 51 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 3.07 points at 5,619.01 and the BSE small Cap is up by 39.64 points to trade at 6,852.28.

At 12.30 pm, BSE Sensex was at 14,791.77 down by 150.51 points and the NSE Nifty was at 4,445.50 down by 31.30 points.

BSE Oil & Gas index was trading 239.31 points higher at 10,103.90 as BPCL (4.13%), ONGC (2.96%), Cairn India (2.25%) and Gail India (2.03%) are trading in positive.

BSE Auto index increased by 53.91 points to 3,822.09. The top gainers are Maruti Suzuki (3.13%), Hero Honda (2.71%), Tata Motors (1.79%) and Mahindra & Mahindra (1.21%) are trading higher.

BSE Realty index advanced by 114.42 points to 5,313.69. The major gainers are Sobha Developers (4.81%), Unitech (3.28%), DLF (3.18%), and Parsavnath (3.05%).

BSE Bankex index is trading lower by 59.09 points at 7,232.41. Losers are Union Bank (3.99%), SBI (3.09%), Bank of India (2.82%), and PNB (2.55%).

BSE Power index decreased by 4.70 points to 2,702.41. Losers are GVK Power (1.98%), NTPC (1.84%), Power Grid (1.47%) and Tata Power (1.17%).

BSE Capital goods index slipped by 154.17 points to 12,185.60. The main losers are Siemens (2.59%), BHEL (2.29%), L&T (2.03%) and ABB (0.07%).

BSE Metal index dropped by 166.57 points at 12,903.95 as Tata Steel (4.96%), Jindal Steel (4.23%), SAIL (2.43%) and Gujarat NRE (1.11%) are trading in red.

BSE IT index declined by 146.36 points to trade at 3,587.15 as TCS (6.47%), Infosys Technologies (4.82%), Satyam Computer (3.47%) and Wipro (1.04%) trading in negative.

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