Wednesday, September 24, 2008

Mid Session Market - Sep 24, 2008

The markets after a sun outage session have restarted the trading session in a more upbeat note as the markets up further due to sustained buying among the selective scrips. The Realty, Banking, Metal, Capital Goods, Power and Oil & Gas stocks are in huge demand today. However the IT stocks are still under pressure. The BSE Sensex is now trading around the 13800 mark and the NSE Nifty above the 4200 mark.

The BSE Mid Cap and the BSE Small Cap stocks are also on the buyers’ radar as both are trading with a gain around 1% each.

The overall market breadth remains positive as 1369 stocks are advancing while 830 stocks are declining and the 87 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 52.17 points at 5,165.48 and the BSE small Cap advanced by 57.96 points to trade at 6,150.93.

At 12.30 pm, BSE Sensex was at 13,802.85 up by 232.54 points and the NSE Nifty was at 4,195.75 up by 68.85 points.

BSE Oil & Gas index is trading 119.45 points higher at 9,441.43 as RNRL (1.96%), BPCL (1.69%), Essar Oil (1.65%) and ONGC (1.43%) are trading in positive.

BSE Bankex index is trading higher by 187.42 points at 6,991.84. Gainers are Kotak Bank (4.99%), HDFC Bank (3.66%), ICICI Bank (3.32%) and AXIS Bank (2.82%).

BSE Realty index advanced by 115.03 points to 4,018.85. The major gainers are Ansal Infra (4.42%), India Bull Real (4.11%), DLF (3.76%), HDIL (3.39%).

BSE Metal index surged by 279.09 points at 10,203.03 as Sterlite Industries (10.98%), NALCO (4.82%), Jindal Saw (3.35%) and Tata Steel (1.82%) are trading in green.

BSE Capital goods index improved by 192.82 points to 11,411.62. The main gainers are BHEL (2.59%), Punj Lloyd (2.17%), Praj Industries (2.14%) and L&T (1.91%).

BSE IT index declined by 19.62 points to trade at 3,435.43 as Wipro (3.47%), Satyam Computer (2.13%), HCL Technologies (0.98%) and Infosys Technologies (0.22%) trading in negative.

BSE Power index was trading 36.20 points higher at 2,482.67. The main gainers are Torent Pharma (1.90%), Suzlon Energy (1.86%), Reliance Power (1.84%) and Power Grid (1.54%).

BSE Auto index inclined by 26.52 points to 3,875.98. Leading to its gain are Maruti Suzuki (1.42%), Mahindra & Mahindra (1.02%), Ashok Leyland (1.04%)

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