Thursday, August 28, 2008

Mid Session Market - 28 Aug 08

The markets are still trading lower with some volatility as the investors taking measured steps on the last day of the expiry of the August series and the inflation number is going to be out after the market hours. The selling pressure continued among most of the scrips like realty, Banking, Capital Goods, Oil & Gas and Metal stocks. However, the Auto, Pharma and Consumer durables stocks are trading higher. The BSE Sensex is hovering above the 14200 mark and the NSE Nifty above the 4200 mark. The BSE Mid Cap and the BSE Small Cap are also trading lower.

The overall market breadth is negative as 975 stocks are advancing while 1303 stocks are declining and the 107 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 22.79 points at 5,663.64 and the BSE small Cap slipped by 22.69 points to trade at 6,837.22.

At 12.30 pm, BSE Sensex was at 14,238.59 down by 58.20 points and the NSE Nifty was at 4,276.90 down by 15.20 points.

BSE Auto index increased by 21.15 points to 3,935.40. The top gainers are Hero Honda (2.06%), Maruuti Suzuki (0.65%), Tata Motors (0.33%) and Bajaj Auto (0.08%).

BSE Metal index slipped by 37.55 points at 12,112.39 as Hindalco Industries (10.40%), Ispat Industries (1.02%), SAIL (0.50%) and Tata Steel (0.48%) are trading in red.

BSE IT index declined marginally by 0.84 points to trade at 3,891.33 as Tech Mahindra (1.93%), TCS (0.56%) and Infosys Technologies (0.59%) trading in negative.

BSE Capital goods index declined by 70.39 points to 11,684.48. The main losers are Havells India (2.16%), BHEL (1.21%), L&T (0.94%) and Praj Industries (0.90%).

BSE Realty index dropped by 64.05 points to 4,772.99. The major losers are India Bull Real (3.67%), Sobha Developers (1.64%), DLF (1.34%) and HDIL (1.31%).

BSE Bankex index is trading lower by 51.60 points at 6,663.85. Losers are HDFC Bank (1.25%), ICICI Bank (0.98%), Kotak Bank (1.03%) and AXIS Bank (0.33%).

BSE Oil & Gas index was trading 50.68 points lower at 9,604.92 as HPCL (2.54%), Essar Oil (2.50%), ABN Offshore (1.59%) and BPCL (1.27%) are trading in negative.

BSE Power index decreased by 3.23 points to 2,547.08. Losers are Torent Power (1.07%), NTPC (0.32%) and Neyveli Lignite (0.18%).

No comments: