Tuesday, August 19, 2008

Mid Session Market - Aug 19 , 2008

The markets are still trading with a deep cut as strong selling pressure continued across the board mainly led by the Auto, Realty, Consumer Durables and Banking stocks. The BSE Sensex is now hovering around the 14500 mark and the NSE Nifty is trading above the 4300 mark. The BSE Mid Cap and the BSE Small Cap both are also trading lower.

The overall market breadth is negative as 870 stocks are advancing while 1453 stocks are declining and the 89 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 34.44 points at 5,747.36 and the BSE small Cap slipped by 28.58 points to trade at 7,008.03.

At 12.30 pm, BSE Sensex was at 14,524.91 down by 120.75 points and the NSE Nifty was at 4,358.55 down by 34.50 points.

BSE IT index slipped by 23.84 points to trade at 3,902.54 as Satyam Computer (2.08%), HCL Technologies (1.44%), I-Flex (0.78%) and Wipro (0.28%) trading in negative.

BSE Bankex index is trading lower by 60.58 points at 6,824.79. Losers are Union Bank (4.13%), Kotak Bank (3.30%), IDBI Bank (3.72%) and PNB (1.92%).

BSE Capital goods index dropped by 62.40 points to 12,026.17. The main losers are BEML (1.54%), BHEL (1.38%), Gammon India (0.93%) and L&T (0.37%).

BSE Realty index declined by 79.08 points to 5,052.53. The major losers are Unitech (2.89%), Ansal Infra. (2.40%), HDIL (2.26%) and DLF (1.56%).

BSE Metal index dropped by 124.46 points at 12,239.71 as Sterlite Industries (2.73%), Jindal Saw (2.67%), Ispat Industries (1.95%) and Sesa Goa (1.63%) are trading in red.

BSE Auto index decreased by 60.11 points to 3,822.55. The top losers are Maruti Suzuki (4.55%), Ashok Leyland (2.62%), Mahindra & Mahindra (1.67%), Tata Motors (1.43%).

BSE Oil & Gas index was trading 28.86 points lower at 9,967.75 as Gail India (2.74%), Cairn India (1.25%), ONGC (1.11%) and Indian Oil (0.25%) are trading in negative.

BSE Power index decreased by 18.49 points to 2,589.86. Losers are Reliance Power (2.60%), Power Grid (2.34%), Suzlon Energy (0.92%) and Tata Power (0.60%).

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