Wednesday, August 13, 2008

Mid Session Market - Aug 13 , 2008

The markets have smartly recovered from the day’s low and are trading higher as significant buying witnessed in the selective scrips mainly led by the Pharma, IT, Metal and Realty stocks. However, the Banking stocks are still under pressure. The BSE Sensex is now trading above the 15200 mark and the NSE Nifty above the 4500 mark. The BSE Mid Cap and the BSE Small Cap have also gained some momentum and are trading higher.

The overall market breadth is positive as 1378 stocks are advancing while 986 stocks are declining and the 95 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 47.58 points at 5,983.11 and the BSE small Cap improved by 59.25 points to trade at 7,279.67.

At 12.30 pm, BSE Sensex was at 15,241.22 up by 29.09 points and the NSE Nifty was at 4,561.85 up by 9.60 points.

BSE Metal index surged by 144.14 points at 12,804.87 as Sterlite Industries (2.79%), Ispat Industries (2.37%), Jindal Saw (1.50%) and Nalco (1.65%) are trading in green.

BSE Realty index advanced by 67.93 points to 5,753.42. The major gainers are India Bull Real (7.95%), Ansal Infra (2.43%), Unitech (0.72%) and Sobha Developers (0.31%).

BSE Auto index increased by 7.49 points to 4,007.19. The top gainers are Hero Honda (0.54%), Tata Motors (0.45%), Mahindra & Mahindra (0.40%) and Bajaj Auto (0.41%).

BSE Oil & Gas index was trading 23.87 points higher at 10,466.15 as Cairn India (1.77%), RNRL (0.83%), RPL (0.55%) and Indian Oil (0.48%) are trading in positive.

BSE IT index inclined by 42.76 points to trade at 3,814.74 as I-Flex (1.46%), Infosys Technologies (1.35%), Satyam Computer (1.29%) and Mphasis (0.88%) trading in positive.

BSE Power index increased by 10.09 points to 2,754.10. Gainers are Torent Power (9.01%), GVK Power (6.36%), Reliance Power (0.96%), Tata Power (0.55%) and Power Grid (0.26%).

BSE Capital goods index improved by 40.17 points to 12,780.46. The main gainers are Gammon India (1.55%), BEML (1.32%), L&T (0.46%) and ABB (0.75%).

BSE Bankex index is trading lower by 60.12 points at 7,377.15. Losers are HDFC Bank (2.13%), ICICI Bank (1.84%), Canara Bank (0.90%) and Bank of India (0.62%). gross equity sold stood at Rs2,548.40 Crore and gross debt sold stood at Rs89.50 Crore. Therefore, the net investment of equity reported was Rs509.70 Crore and net debt was Rs269.80 Crore.

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