Monday, August 18, 2008

Mid Session Market - Aug 18 , 2008

The markets are facing a little bit of volatility and are swinging in between the positive and negative territory. The buying support is seen in the IT, Bank, FMCG and Capital Goods index. However, the Oil & Gas, Auto and Metal stocks are still trading lower. The BSE Sensex is hovering around the 14700 mark and the NSE Nifty is trading around the 4400 mark. The BSE Mid Cap and the BSE Small Cap both have gave up their early morning gains and are now trading lower.

The overall market breadth is negative as 1100 stocks are advancing while 1197 stocks are declining and the 88 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 15.85 points at 5,807.57 and the BSE small Cap slipped by 13.13 points to trade at 7,097.30.

At 12.30 pm, BSE Sensex was at 14,690.80 down by 33.38 points and the NSE Nifty was at 4,409.20 down by 21.50 points.

BSE IT index advanced by 64.72 points to trade at 3,961.68 as Satyam Computer (2.59%), TCS (2.01%), Wipro (1.53%) and Infosys Technologies (1.57%) trading in positive.

BSE Bankex index is trading higher by 80.16 points at 6,983.12. Gainers are HDFC Bank (3.01%), Yes Bank (2.49%), Canara Bank (2.37%) and ICICI Bank (1.02%).

BSE Capital goods index improved by 76.35 points to 12,215.07. The main gainers are Punj Lloyd (1.71%), BHEL (1.29%), L&T (1.19%) and Elcon Engineering (0.49%).

BSE Realty index inclined by 8.03 points to 5,171.56. The major gainers are Ansal Infra (2.30%), DLF (0.38%), Mahindra Life (0.31%) and India Bull Real (0.21%).

BSE Metal index dropped by 74.37 points at 12,519.53 as Hindalco Industries (2.69%), Sterlite Industries (1.67%), SAIL (1.67%) and Sesa Goa (1.03%) are trading in red.

BSE Auto index decreased by 32.33 points to 3,900.72. The top losers are Bajaj Auto (4.42%), Tata Motors (1.52%), Mahindra & Mahindra (1.15%).

BSE Oil & Gas index was trading 147.94 points lower at 10,049.11 as HPCL (2.78%), BPCL (2.61%), ABN Offshore (1.89%) and Gail India (1.40%) are trading in negative.

BSE Power index decreased by 2.88 points to 2,645.75. Losers are Suzlon Energy (1.78%), Power Grid (1.52%), Torent Power (0.99%) and Tata Power (0.95%).

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