Monday, July 28, 2008

Mid Session Market - July 28, 2008

The market has made a smart recovery from the day’s low and is trading with significant gains as buying is seen in the selective scrips mainly led by the Capital Goods, Realty, Power and Consumer Durables stocks. The BSE Sensex is hovering near the 14400 mark and the NSE Nifty is trading above the 4300 mark. The BSE Mid Cap and BSE Small Cap are also trading higher and has outperformed the benchmark index.

The overall market breadth is positive as 1598 stocks are advancing while 699 stocks are declining and the 68 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 64.32 points at 5,636.92 and the BSE small Cap is up by 131.67 points to trade at 6,910.45.

At 12.30 pm, BSE Sensex was at 14,386.71 up by 111.77 points and the NSE Nifty was at 4,345.50 up by 33.64 points.

BSE Capital goods index surged by 220.75 points to 11,959.02. The main gainers are L&T (3.86%), Praj Industries (3.47%), BEML (3.33%) and BHEL (2.76%).

BSE Realty index advanced by 66.98 points to 5,096.04. The major gainers are DLF (3.34%), Unitech (2.48%), Sobha Developers (2.31%) and Parsavnath (1.82%).

BSE Auto index increased by 12.32 points to 3,78.31. The top gainers are Hero Honda (1.35%), Bajaj Auto (0.89%), Tata Motors (0.95%) and Mahindra & Mahindra (0.39%).

BSE Oil & Gas index was trading 0.95 points marginally higher at 9,505.37 as Cairn India (2.43%), ONGC (2.26%), RPL (1.66%) and Essar Oil (1.21%) are trading in positive.

BSE Bankex index is trading lower by 22.35 points at 6,729.51. Losers are Bank of Baroda (1.19%), Kotak Bank (0.99%), PNB (0.33%) and AXIX Bank (0.08%).

BSE Power index increased by 24.62 points to 2,611.81.

Gainers are GVK Power (4.28%), Tata Power (3.89%), Suzlon Energy (2.72%), Reliance Power (1.84%).

BSE Metal index dropped by 34.11 points at 12,457.99 as Sterlite Industries (3.09%), Nalco (1.59%), Sail (0.79%) and Tata Steel (0.72%) are trading in red.

BSE IT index declined by 8.12 points to trade at 3,603.12 as Infosys Technologies (0.98%), Wipro (0.56%) and Satyam Computer (0.44%) trading in negative.

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