Wednesday, December 24, 2008

Mid Sesion Market - Dec 24, 2008

The markets have lost further grounds and are trading in deep red as selling continued among the selective scrips. There is a liitle bit of volatility as well ahead of settlement of December F&O series today. The Realty, Auto, IT, FMCG, Metal and power stocks are out of favor today. However some buying witnessed among the banking stocks.

The oil marketing companies share are trading higher after Government issued oil bonds worth Rs. 22,000 crore to 3 PSU OMCs like BPCL, HPCL and IOC.

The BSE Sensex is now trading below the 9,600 mark and the NSE Nifty trading below the 2,950 mark.

The overall market breadth is negative as 652 stocks are advancing while 1404 stocks are declining and the 80 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading lower as the Hang Seng, Shanghai Composite, Nikkei 225 and Seoul Composite index are trading lower by (0.26%), (1.87%), (2.37%) and (1.38%) respectively.

Wipro reported the top gainer from the BSE Sensex pack as it was trading higher by (3.36%) at Rs. 251 while Satyam Computer the top loser down by (15.42%) at Rs.118.75.

The BSE Mid cap is lower by 33.18 points at 3,142.63 and the BSE small Cap slipped by 44.14 points to trade at 3,595.04.

At 12.35 pm, BSE Sensex was at 9,595.20 down by 91.55 points while the NSE Nifty was at 2,940 down by 28.65 points.

BSE Auto declined by 33.64 points to 2,430.37. Leading to its loss are Tata Motors (5.63%), Maruti Suzuki (2.70%), Ashok Leyland (2.69%) and Bajaj Auto (1.88%).

BSE IT index declined by 28.15 points to trade at 2,251.40 as Satyam Computer (15.21%), Mphasis (3.31%), Tech Mahindra (3.21%) and HCL Technologies (2.84%) are trading in negative.

BSE Metal index dropped by 64.42 points to 5,124 as Tata Steel (3.70%), SAIL (3.47%), Ispat Industries (3.38%), Jindal Saw (2.42%) and JSW Steel (2.26%) are trading in red.

BSE Bankex index is trading higher by 16.17 points at 5,301.26. Gainers are ICICI Bank (1.30%), Bank of Baroda (2.69%), Kotak Bank (1.01%), SBI (0.99%) and PNB (0.27%).

BSE Oil & Gas index is trading 62.77 points lower at 6,043.57 as RPL (4.39%), Essar Oil (3.06%), RNRL (1.98%), Reliance Industries (1.43%) and ONGC (0.91%) are trading in negative.

BSE Capital goods index slipped by 33.72 points to 6,834.31. The main losers are AIA Engineering (5.94%), Siemens (2.24%), ABB (2.80%), Gammon India (1.92%) and Praj Industries (1.73%).

BSE Power index is trading 22.53 points lower at 1,792.46. The main losers are GVK Power (6.18%), Power Grid (2.50%), NTPC (2.15%), Reliance Power (2.09%) and Torent Power (2.05%).

BSE Realty index declined by 125.13 points to 2,281.25. The major losers are Unitech (13%), Ansal Infra (5.49%), Omaxe Ltd. (4.58%), Parsavnath (3.99%) and DLF (3.91%).

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