Thursday, July 31, 2008

Mid Session Market - July 31 , 2008

The markets are facing a little bit of volatility and are swinging between the positive and negative territory. The buying support is seen in the Metal, Oil & Gas, Power and Consumer Durables stocks. However, the FMCG, Bank, and Auto stocks are trading lower. The BSE Mid Cap and BSE Small cap are however trading higher. The BSE is now hovering above the 14200 mark and the NSE Nifty is trading above the 4300 mark

The overall market breadth is positive as 1210 stocks are advancing while 1090 stocks are declining and the 85 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 11.90 points at 5,592.91 and the BSE small Cap is up by 6.73 points to trade at 6,934.33.

At 12.30 pm, BSE Sensex was at 14,255.70 down by 31.51 points and the NSE Nifty was at 4,319.25 up by 5.70 points.

BSE Metal index surged by 216.25 points at 12,914.86 as Tata Steel (2.68%), SAIL (2.39%), Hindalco Industries (1.14%) and Sterlite Industries (0.43%) are trading in green.

BSE Oil & Gas index was trading 63.89 points higher at 9,671.64 as Cairn India (3.74%), Gail India (3.55%), ONGC (0.66%) and RPL (0.27%) are trading in positive.

BSE Capital goods index advanced by 28.07 points to 11,656.44. The main gainers are Siemens (3.50%), Praj Industries (1.49%), Gammon India (4.93%).

BSE Power index increased by 21.28 points to 2,575.50. Gainers are Tata Power (2.10%), Suzlon Energy (1.07%) and NTPC (1.49%).

BSE Bankex index is trading lower by 72.12 points at 6,450.5. Losers are PNB (3.56%), SBI (1.97%), ICICI Bank (1.51%) and HDFC Bank (1.12%).

BSE Realty index slipped by 27.42 points to 5,014.46. The major losers are India Bull Real (5.32%), Ansal Infra. (2.15%), Parsavnath (0.49%) and HDIL (0.33%).

BSE Auto index decreased by 31.44 points to 3,641.42. The top losers are Tata Motors (4.52%), Maruti Suzuki (1.91%) while Hero Honda (0.93%) and Mahindra & Mahindra (0.69%) are trading higher.

BSE IT index declined by 16.45 points to trade at 3,705.64 as TCS (1.64%), Infosys Technologies (0.51%), and Satyam Computer (0.49%) trading in negative.

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