Friday, September 19, 2008

Mid Session Market - Sep 19, 2008

The markets have maintained its opening gains and are trading higher as strong buying continued across the board mainly led by the Realty, IT, Banking, Power, Capital Goods, Oil & Gas and Metal stocks. The US government plan to plan to create a Resolution Trust-like operation in order to calm the economic turmoil and the financial crisis has bolstered the markets today.

The BSE Mid Cap and the BSE Small Cap stocks are also in the buyer’s radar as both are trading with a gain of more than 2% each. The BSE Sensex is now trading around the 13850 mark and the NSE Nifty near the 4200 mark.

The overall market breadth remains positive as 1742 stocks are advancing while 624 stocks are declining and the 67 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 127.84 points at 5,206.97 and the BSE small Cap advanced by 129.90 points to trade at 6,205.33.

At 12.30 pm, BSE Sensex was at 13,843.36 up by 527.76 points and the NSE Nifty was at 4,184.40 up by 146.25 points.

BSE Metal index advanced by 192.23 points at 9,882.28 as Gujarat NRE (5.57%), NALCO (4.78%), Jindal Steel (3.97%) and Ispat Industries (2.68%) are trading in green.

BSE Capital goods index surged by 324.86 points to 11,573.36. The main gainers are BHEL (3.43%), Gammon India (3.12%), L&T (2.31%) and Praj Industries (2.15%).

BSE IT index inclined by 172.07 points to trade at 3,609.47 as HCL Technologies (6.45%), Satyam Computer (6.42%), Infosys Technologies (4.88%) and Tech Mahindra (4.66%) trading in positive.

BSE Realty index improved by 185.99 points to 3,999.10. The major gainers are India Bull (11.36%), HDIL (5.28%), Mahindra Life (5.75%) and DLF (5.01%).

BSE Oil & Gas index was trading 204.94 points higher at 9,177.83 as Cairn India (4.59%), RNRL (4.02%), ONGC (3.87%), RPL (1.98%) and Essar Oil (1.78%) are trading in positive.

BSE Bankex index is trading higher by 189.10 points at 6,958.73. Gainers are Kotak Bank (6.39%), IDBI Bank (4.43%), HDFC Bank (5.16%) and AXIS Bank (3.45%).

BSE Auto index increased by 36.11 points to 3,942.18. The top gainers are Maruti Suzuki (4.11%), Ashok Leyland (3.08%), Tata Motors (2.34%) and Mahindra & Mahindra (0.60%).

BSE Power index inclined by 74.69 points to 2,480.27. Gainers are Tata Power (5.47%), Torent Power (4.59%), Power Grid (3.59%) and Reliance Power (3.75%)

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