Monday, September 22, 2008

Mid Session Market - Sep 22, 2008

The markets are facing a little bit of volatility today and are struggling to move in the upward direction. The selling pressure continued among the selective scrips mainly led by the IT, Power, Auto and Capital Goods stocks. However the Metal, FMCG and Realty are managed to trade higher. The BSE Sensex is now trading around the 14000 mark and the NSE Nifty near the 4200 mark.

The BSE Mid Cap and the BSE Small Cap stocks are however in the buyer’s radar as both are trading with in green.

The overall market breadth remains positive as 1313 stocks are advancing while 1098 stocks are declining and the 75 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 16.78 points at 5,245.56 and the BSE small Cap advanced by 20.03 points to trade at 6,236.02.

The BSE Sensex was at 14,019.32 down by 23 points and the NSE Nifty was at 4,222.25 down by 23 points.

BSE Metal index surged by 196.01 points at 10,229.60 as Gujarat NRE (9.28%), Sesa Goa (8.30%), Tata Steel (3.19%) and Jindal Steel (3.16%) are trading in green.

BSE Capital goods index increased by 9.78 points to 11,749.85. The main gainers are Havells India (3.24%), BEML (2.33%), Gammon India (2.30%) and Praj Industries (2.06%).

BSE IT index declined by 18.89 points to trade at 3,647.86 as Satyam Computer (3.84%), Mphasis (2.74%), Wipro (1.52%) and Infosys Technologies (0.57%) trading in negative.

BSE Realty index improved by 66.06 points to 4,168.70. The major gainers are India Bull (1.92%), HDIL (1.32%), DLF (1.24%) and Penland (1.49%).

BSE Oil & Gas index was trading 60.46 points higher at 9,528.88 as RPL (2.35%), RNRL (2.45%), Essar Oil (1.34%), and Cairn India (0.25%) are trading in positive.

BSE Bankex index is trading higher by 34.29 points at 7,144.17. Gainers are Bank of India (1.48%), Allahabad Bank (1.88%), Kotak bank (0.20%) and ICICI Bank (0.14%)

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