Wednesday, December 10, 2008

Mid Session Market - Dec 10, 2008

The markets are now trading strongly and have gained further grounds as sustained buying continued across the board. Further the positive Asian markets also added to the domestic sentiments. The Realty, Metal, Oil & Gas, IT, Capital Goods, Power and Banking stocks are on the buyer’s ride today. 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 above the 9,400 mark and the NSE Nifty trading above the 2,800 mark.

The overall market breadth is positive as 1248 stocks are advancing while 819 stocks are declining and the 94 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading higher as Hang Seng, Seoul Composite, Nikkei and Shanghai Composite index are trading higher by (3.96%), (3.62%), (3.15%) and (1.20%) respectively.

DLF reported the top gainer from the BSE Sensex pack as it was trading higher by (10.32%) at Rs. 243.65 while Mahindra & Mahindra the top loser down by (1.45%) at Rs. 149.80.

The BSE Mid cap is higher by 25.57 points at 2,910.60 and the BSE small Cap advanced by 25.54 points to trade at 3,368.74.

At 12.31 pm, BSE Sensex was at 9,440.30 up by 277.68 points while the NSE Nifty was at 2,878.65 up by 94.65 points.

BSE Auto inclined marginally by 9.33 points to 2,289.81. Leading to its gain are Hero Honda (1.59%), Mahindra & Mahindra (0.66%), Maruti Suzuki (0.18%) and MRF (1.49%).

BSE IT index inclined by 56.50 points to trade at 2,442.48 as Wipro (6.06%), Satyam Computer (3.96%), TCS (2.85%), Infosys Technologies (1.82%) and HCL Technologies (1.63%) are trading in positive.

BSE Metal index surged by 264.84 points at 5,043.06 as SAIL (9.96%), Sterlite Industries (8.98%), NALCO (7.68%), JSW Steel (7.15%) and Sesa Goa (5.50%) are trading in green.

BSE Bankex index is trading higher by 70.12 points at 4,857.97. Gainers are ICICI Bank (3.57%), HDFC Bank (2.67%), IDBI Bank (1.19%), PNB (0.84%) and SBI (0.67%).

BSE Oil & Gas index is trading 230.17 points higher at 5,751.76 as Gail India (6.79%), ONGC (5.40%), Essar Oil (3.44%), BPCL (3.02%) and Cairn India (2.73%) are trading in positive.

BSE Capital goods index advanced by 137.68 points to 6,667.07. The main gainers are L&T (2.88%), Gammon India (3.13%), Punj Lloyd (3.12%), Praj Industries (2.15%) and Havells India (2.62%).

BSE Power index is trading 33.32 points higher at 1,727.73. The main gainers are Suzlon Energy (7.25%), Reliance Power (2.55%), Tata Power (2.17%), NTPC (2.46%) and GVK Power (1.90%).

BSE Realty index improved by 111.59 points to 1,892.96. The major gainers are DLF (10.10%), HDIL (6.94%), India Bull Real (6.38%) and Unitech (3.81%).

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