Monday, August 11, 2008

Mid Session Market - Aug 11 , 2008

The markets have maintained its opening gains and are still trading higher as strong buying continued across the board. The Realty, Banking, Oil & Gas and Capital Goods stocks are the facing the most buying support. The BSE Mid Cap BSE Small Cap are also trading with strong gains and are in line with the benchmark index. The BSE Sensex is now trading above the 15400 mark and the NSE Nifty above the 4600 mark.

The overall market breadth is positive as 1810 stocks are advancing while 658 stocks are declining and the 76 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 97.52 points at 5,984.49 and the BSE small Cap is up by 110.50 points to trade at 7,292.24.

At 12.30 pm, BSE Sensex was at 15,448.13 up by 280.30 points and the NSE Nifty was at 4,602.70 up by 73.20 points.

BSE Metal index advanced by 147.99 points at 13,246.81 as Sesa Goa (3.62%), JSW Steel (1.47%), NALCO (1.43%) and Tata Steel (1.20%) are trading in green.

BSE Bankex index is trading higher by 227.82 points at 7,622.85. Gainers are SBI (3.91%), PNB (3.63%), HDFC Bank (3.01%) and ICICI Bank (2.90%).

BSE Realty index surged by 179.35 points to 5,488.28. The major gainers are India Bull Real (8.31%), Unitech (5.19%), Parsavnath (3.98%) and Omaxe Ltd. (3.51%).

BSE Auto index increased by 56.19 points to 4,026.46. The top gainers are Bajaj Auto (3.67%), Maruti Suzuki (2.59%), Tata Motors (1.80%) and Ashok Leyland (1.20%).

BSE Oil & Gas index was trading 239.29 points higher at 10,378.39 as Indian Oil (2.49%), Gail India (2.44%), ONGC (2.38%) and RPL (1.82%) are trading in positive.

BSE IT index inclined by 24.52 points to trade at 3,910.38 as HCL Technologies (2.71%), Tech. Mahindra (2.17%), I-Flex (0.71%) and Infosys Technologies (0.37%) trading in positive.

BSE Power index increased by 48.55 points to 2,749.65. Gainers are GVK Power (6.18%), Reliance Power (1.95%), Tata Power (1.96%) and Torent Power (1.31%).

BSE Capital goods index improved by 228.46 points to 12,794.34. The main gainers are Siemens (2.29%), BHEL (1.94%), ABB (1.62%) and L&T (1.50%).

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