Thursday, August 14, 2008

Mid Session Market - Aug 14 , 2008

The markets are still trading lower with a deep cut as strong selling pressure continued in the selective scrips mainly led by the Realty, Banking, Capital Goods, Power and Oil & Gas stocks. However, the IT and Metal stocks managed to trade in green. The BSE Sensex is now trading with a cut of more than 2%. The BSE Mid Cap and the BSE Small Cap both are trading with a cut of more than 1% each.

The overall market breadth is negative as 730 stocks are advancing while 1678 stocks are declining and the 72 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 80.42 points at 5,848.95 and the BSE small Cap slipped by 77.64 points to trade at 7,152.12.

At 12.30 pm, BSE Sensex was at 14,790.66 down by 302.44 points and the NSE Nifty was at 4,450.25 down by 78.80 points.

BSE IT index inclined by 71.22 points to trade at 3,885.18 as Infosys Technologies (3.07%), Mphasis (2.44%), HCL Technologies (2.07%) and I-Flex (2.02%) trading in positive.

BSE Metal index advanced by 36.42 points at 12,679.65 as Tata Steel (1.97%), Sterlite Industries (1.62%), JSW Steel (1.40%) and SAIL (0.83%) are trading in green.

BSE Realty index dropped by 335.18 points to 5,275.65. The major losers are India Bull Real (10.05%), DLF (6.31%), Unitech (4.65%) and HDIL (4%).

BSE Auto index decreased by 59.77 points to 3,930.30. The top losers are Hero Honda (4.67%), Maruti Suzuki (2.87%), Bajaj Auto (1.55%).

BSE Oil & Gas index was trading 178.26 points lower at 10,260.73 as HPCL (6.73%), RNRL (3.51%), Indian Oil (2.40%) and BPCL (1.60%) are trading in negative.

BSE Power index decreased by 80.99 points to 2,648.85. Losers are Suzlon Energy (2.96%), GVK Power (2.60%), Reliance Power (2.13%), NTPC (1.82%), Power Grid (1.59%).

BSE Capital goods index slipped by 421.60 points to 12,185.34. The main losers are BHEL (4.76%), L&T (3.62%), ABB (1.14%) and Siemens (0.26%).

BSE Bankex index is trading lower by 294.51 points at 6,976.89. Losers are SBI (4.63%), ICICI Bank (4.54%), HDFC Bank (4.26%) and PNB (3.38%).

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