Friday, August 8, 2008

Mid Session Market - Aug 08 , 2008

The markets have lost further grounds as selling pressure continued among the selective scrips mainly led by the Banking, Realty, IT and Capital Goods stocks. However, the Metal and Pharma stocks are on a buying spree. The BSE Sensex is now trading below the 15100 mark and the NSE Nifty has slipped below the 4500 mark.

The overall market breadth is negative as 1047 stocks are advancing while 1375 stocks are declining and the 73 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 34.07 points at 5,847.52 and the BSE small Cap is down by 6.26 points to trade at 7,160.73.

At 12.30 pm, BSE Sensex was at 14,919.40 down by 197.85 points and the NSE Nifty was at 4,476.35 down by 47.50 points.

BSE Metal index surged by 144.29 points at 13,030.26 as Sterlite Industries (2.13%), Tata Steel (0.96%), JSW Steel (0.81%) and Nalco (0.61%) are trading in green.

BSE Bankex index is trading lower by 155.46 points at 7,127.69. Losers are Bank of India (2.89%), PNB (2.03%), SBI (2.55%) and ICICI Bank (2.77%).

BSE Realty index slipped by 92.60 points to 5,488.28. The major losers are DLF (2.81%), Ansal Infra (2.58%), India Bull Real (1.99%) and Unitech (1.90%).

BSE Auto index decreased by 26.37 points to 3,940.66. The top losers are Mahindra & Mahindra (2.28%), Maruti Suzuki (1.13%), Ashok Leyland (0.90%) and Bajaj Auto (0.40%).

BSE Oil & Gas index was trading 49.77 points lower at 10,103.30 as Cairn India (5.13%), BPCL (3.34%), HPCL (2.97%) and Indian Oil (2.43%) are trading in negative.

BSE IT index declined by 66.41 points to trade at 3,888.46 as Satyam Computer (2.65%), Infosys Technologies (2.07%), Wipro (1.92%) and TCS (1.69%) trading in negative.

BSE Power index decreased by 25.85 points to 2,660.61. Losers are Reliance Infra (1.98%), Power Grid (1.46%), NTPC (1.06%) and GVK Power (0.38%).

BSE Capital goods index dropped by 164.09 points to 12,230.81. The main losers are Siemens (3.80%), BHEL (2.42%), L&T (1.61%) and ABB (0.56%).

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