Tuesday, September 30, 2008

Mid Session Market - Sep 30, 2008

The markets have managed to recover from the day’s low’s as the trading restarted after the sun outage session and are now trading higher as some buying emerged among the selective scrips mainly led by the Realty, Banking, IT and Capital Goods stocks. The BSE Sensex is trading above the 12700 mark and the NSE Nifty is trading near the 3900. The BSE Mid Cap and the BSE Small Cap stocks have also recovered a bit but are still trading lower.

The overall market breadth is negative as 566 stocks are advancing while 1721 stocks are declining and the 65 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 35.85 points at 4,693.48 and the BSE small Cap slipped by 106.12 points to trade at 5,446.91.

At 12.32 pm, BSE Sensex was at 12,767.97 up by 172.22 points and the NSE Nifty was at 3,886.90 up by 36.85 points.

BSE Bankex index is trading higher by 37.43 points at 6,212.53. Gainers are IDBI Bank (3.01%), AXIS Bank (2.46%), Indian Overseas Bank (1.31%) and SBI (0.98%).

BSE Auto index declined by 13.69 points to 3,610.55. Leading to its fall are Ashok Leyland (1.73%), Hero Honda (1.24%), Tata Motors (1.64%) and Maruti Suzuki (0.29%).

BSE Oil & Gas index is trading 14.79 points lower at 8,910.22 as Cairn India (3.12%), RNRL (3.15%), Essar Oil (2.11%) and RPL (1.26%) are trading in negative.

BSE Metal index dropped by 352.52 points at 8,791.71 as JSW Steel (6.36%), SAIL (5.91%), Tata Steel (5.58%), Sterlite Industries (4.68%) and Sesa Goa (1.55%) are trading in red.

BSE Capital goods index slipped by 113.81 points to 10,156.79. The main losers are Gammon India (4.21%), Havels India (3.18%), ABB (2.49%) and AIA Engineering (1.81%).

BSE IT index declined by 5.96 points to trade at 3,051.96 as Patni Computer (2.76%), Tech Mahindra (1.98%), HCL Technologies (0.51%) and Wipro (0.48%) trading in negative.

BSE Power index was trading 11.68 points lower at 2,213.40. The main losers are GVK Power (3.81%),.Suzlon Energy (3.16%), Tata Power (2.51%), Torent Power (1.88%).

BSE Realty index slipped by 44.25 points to 3,363.62. The major losers are Mahindra Life (1.60%), Penland (1.49%) while Unitech (5.19%), HDIL (3.70%) and Sobha Developers (3.18%)

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