Wednesday, December 3, 2008

Mid Session Market - Dec 03, 2008

The markets are now trading higher with a little bit of volatility. The market though tries to gain some momentum but some profit booking is seen at higher levels. The buying is seen among the Metal, Realty, Banking and Capital Goods tocks. However, IT, FMCG and Oil & Gas stocks are trading marginally lower. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of around 1% each.The BSE Sensex is now trading near the 8,800 mark and the NSE Nifty trading above the 2,650 mark. The overall market breadth is positive as 1054 stocks are advancing while 722 stocks are declining and the 61 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Hang Seng, Nikkei, Shanghai Composite and Straits Times index are trading higher by (2.20%), (1.79%), (3.37%) and (0.91%) respectively. However, the KLSE Composite and Seoul Composite index are trading lower by (0.32%) and (0.05%).

Tata Steel reported the top gainer from the BSE Sensex pack as it was trading higher by (8.07%) at Rs. 160.65 while Wipro the top loser down by (1.87%) at Rs. 228.50.

The BSE Mid cap is higher by 38.15 points at 2,843.48 and the BSE small Cap advanced by 21.83 points to trade at 3,274.24.

At 12.31 pm, BSE Sensex was at 8,787.48 up by 48.24 points while the NSE Nifty was at 2,669.70 up by 11.90 points.

BSE IT index declined by 40.11 points to trade at 2,436.17 as HCL Technologies (4.99%), Wipro (2.19%), Infosys Technologies (2.13%), Satyam Computer (1.52%) and Patni Computer (1.29%) are trading in negative.

BSE Metal index surged by 154.56 points at 4,459.46 as NMDC (12.12%), Jindal Steel (6.56%), Tata Steel (7.43%), JSW Steel (4.98%) and Ispat Industries (3.96%) are trading in green.

BSE Bankex index is trading higher by 70.31 points at 4,506.58. Gainers are SBI (2.75%), PNB (2.60%), IDBI Bank (3.25%), ICICI Bank (2.39%) and AXIS Bank (1.52%).

BSE Oil & Gas index is trading 32.96 points lower at 5,364.91 as ONGC (1.81%), HPCL (0.38%), Cairn India (0.30%) and Reliance (0.26%) are trading in negative.

BSE Capital goods index advanced by 57.90 points to 6,079.39. The main gainers are Bharat Electrical (4.25%), Punj Lloyd (2.57%), L&T (1.56%), Praj Industries (1.37%) and Siemens (1.04%).

BSE Power index is trading 4.36 points higher at 1,581.99. The main gainers are Suzlon Energy (4.61%), GVK Power (2.61%), Reliance Power (0.76%), Torent Power (0.95%) and Power Grid (0.34%).

BSE Realty index improved by 27.96 points to 1,537.23. The major gainers are Parsavnath (6.08%), Omaxe (5.19%), HDIL (4.48%), Unitech (2.91%) and DLF (2.66%).

BSE Auto inclined marginally by 1.33 points to 2,156.08. Leading to its gain are Maruti Suzuki (2.31%), Tata Motors (1.75%), Bajaj Auto (0.83%) and Ashok Leyland (0.45%).

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