Wednesday, August 20, 2008

Mid Session Market - Aug 20 , 2008

The markets are still trading higher with significant gains as buying spree continued among the selective scrips mainly led by the Metal, Power, Realty and Pharma stocks. However, the IT and Oil & Gas stocks are trading lower. Te BSE is now hovering around the 14600 mark and the NSE Nifty near the 4400 mark. The BSE Mid Cap and the BSE Small Cap both are also trading higher.

The overall market breadth is positive as 1572 stocks are advancing while 774 stocks are declining and the 78 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 49.87 points at 5,816.20 and the BSE small Cap advanced by 57.76 points to trade at 7,070.50.

At 12.30 pm, BSE Sensex was at 14,614.44 up by 70.70 points and the NSE Nifty was at 4,393.50 up by 25.25 points.

BSE Metal index surged by 219.58 points at 12,492.38 as SAIL (3.50%), Ispat Industries (3.16%), Tata Steel (2.27%) and Jindal Steel (1.90%) are trading in green.

BSE Bankex index is trading higher by 46.89 points at 6,939.07. Gainers are Union Bank (2.60%), Indian Overseas Bank (2.86%), IDBI Bank (2.15%) and Allahabad Bank (1.98%).

BSE Capital goods index advanced by 114.28 points to 12,206.69. The main gainers are BHEL (2.22%), ABB (2.14%), BEML (1.34%) and L&T (1.10%).

BSE Realty index inclined by 90.99 points to 5,208.49. The major gainers are India Bull Real (2.83%), Ansal Infra (2.28%), MahindraLife (1.81%) and Omaxe Ltd. (1.48%).

BSE Auto index decreased by 0.55 points to 3,848.75. The top losers are Mahindra & Mahindra (2.32%), Ashok Leyland (0.47%) and Bajaj Auto (0.22%).

BSE Oil & Gas index was trading 13.40 points higher at 10,001.37 as RNRL (2.46%), RPL (1.38%), HPCL (0.94%) and Essar Oil (0.90%) are trading in positive.

BSE Power index increased by 41.62 points to 2,656.73. Gainers are Torent Power (3.92%), Reliance Power (3.12%), NTPC (1.79%) and Power Grid (1.74%).

BSE IT index slipped by 11.36 points to trade at 3,880.90 as Patni Computer (0.87%), Infosys Technologies (0.33%), TCS (0.19%) and Wipro (0.06%) trading in negative.

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