Wednesday, October 1, 2008

Mid Session Market - Oct 1, 2008

The Sensex manages to recover from the initial fall to touch the 13,000 mark after the sun outage session on selective buying across the counters. From the sectoral indices, most buying is witness from the IT and Metal baskets. The BSE Sensex is trading above the 13,000 mark and the NSE Nifty is trading above the 3950. The BSE Mid Cap and the BSE Small Cap stocks have also recovered to trade with marginal gains.

India’s current account deficit of the country widened to $10.72 billion in the April-June quarter from $1.04 billion three months earlier. The Balance of Payments surplus (BOP) in the April-June quarter was $2.24 billion, down sharply from a surplus of $24.99 billion in January-March.

The overall market breadth is positive as 1130 stocks are advancing while 1016 stocks are declining and the 64 stocks remained unchanged on BSE.

The BSE Mid cap and Small cap area trading with marginal gains of 11.01 points and 21.74 points at 4,809.30 and 5599.21 respectively.

At 12.35 pm, BSE Sensex is trading higher by 177.40 points at 13,037.83 and the NSE Nifty is up by 37.8 points at 3,959

BSE Capital Goods index is trading lower by 215.40 points at 10,365.73. Losers are Bharat Bijli trading down by 5.82% at Rs1066.80 along with Kalpataru Power by 1.88% at Rs724.95, AIA Engineering by 1.82% at Rs1325.25 and Punj Lloyd by 1.53% at Rs282.80.

BSE Oil and Gas index is trading down by 165.89 points at 8,873.39 as BPCL down by 2.91% at Rs350 in line with HPCL by 2.21% at Rs237, RNRL by 1.50% at Rs72.20, Reliance Industries by 1.50% at Rs1917.10, Essar Oil by 1.38% at Rs157.75, Aban Offshore by 1.27% at Rs2023.90.

The Realty index is down by 94.23 points at 3,414.54 as MahindraLife lower by 4.78% at Rs326 followed by Indiabull Real by 3.50% at Rs164.25, Anant Raj Inds by 3.05% at Rs109.55, HDIL by 2.35% at Rs166.20, Akruti City by 1.82% at Rs796.25 and Unitech by 1.12% at Rs115.20.

The IT index is trading higher by 87.33 points at 3,182.41. Pushing it are Mosear Baer by 7.62% at Rs117.25 along with Satyam Comp by 5.53% at Rs313, HCL Techno by 5.48% at Rs205, Patni Comp by 3.57% at Rs184, Tech Mahindra by 2.31% at Rs629.50.

From the Metal index, NMDC trading up by 3.15% at Rs223 followed by Jindal Saw by 2.65% at Rs580, Jai Corp by 2.53% at Rs249, Tata Steel by 2.40% at Rs435.80, Ispat Inds by 2.11% at Rs19.35 and Gujarat NRE by 1.31% at Rs61.85.

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