Mid Session Market - July 15, 2008

The market has lost further grounds and is trading with a deep cut as strong profit booking continued across the board. All the BSE indices are trading in red. The Bank, Power, Capital goods and Consumer Durables stocks are facing the most selling pressure. The BSE Sensex is trading below the 12900 mark and the Nse Nifty is trading near the 3900 mark.

The overall market breadth is negative 576 stocks are advancing while 1730 stocks are declining and the 60 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 109.47 points at 5,221.32 and the BSE small Cap is down by 119.92 points to trade at 6,520.14.

At 12.30 pm, BSE Sensex was at 12,883.76 down by 446.76 points and the NSE Nifty was at 3,912.40 down by 127.30 points.

BSE Metal index slipped by 333.73 points at 12,563.46 as Hindalco Industries (4.05%), SAIL (3.51%), Tata Steel (2.95%), Sterlite Industries (2.91%) and Jindal Stainless (2.64%) are trading in red.

BSE Capital goods index declined by 302.51 points to 10,437.50. The main losers are BHEL (4.56%), BEML (4.54%), Punj Lloyd (3.08%) and Praj Industries (2.93%).

BSE Oil & Gas index was trading 131.25 points lower at 8,853.82 as Gail India (3.87%), HPCL (2.96%), ONGC (2.93%) and Essar Oil (2.39%) are trading in negative.

BSE Power index decreased by 69.88 points to 2,269.40. Losers are REL Infra (3.90%),Power Grid (3.32%), NTPC (2.96%), Tata Power (2.39%) and Torent Power (1.59%).

BSE Bankex index is trading lower by 355.51 points at 5,615.01. Losers are HDFC Bank (8.81%), AXIX Bank (7.91%), ICICI Bank (7.48%), Kotak Bank (6.24%), SBI (5.61%).

BSE IT index declined by 1.96 points to trade at 3,673.63 as HCL Technologies (4.51%), Wipro (3.46%), TCS (1.18%) and Tech Mahindra (0.37%) trading in negative.

BSE Health Care index down by 93.67 points to trade at 3,986.25. Leading to its fall are Ranbaxy Laboratories (7.55%), Glenmark Pharma (3.34%), IPCA Lab. (3.23%) and Dr. Reddy (2.51%).

BSE Realty index decreased by 124.12 points to 4,638.41. The major losers are Purvankara (4.23%), Ansal Infra. (3.99%), Unitech (3.91%), Omaxe Ltd. (3.45%) and Mahindra Life (2.99%).

BSE Auto index dropped by 89.03 points 3,477.46. Leading to its fall are Mahindra & Mahindra (6.21%), Maruti Suzuki (3.15%), Tata Motors (2.31%), and Ashok Leyland (0.84%).