Monday, December 15, 2008

Mid Session Market - Dec 15, 2008

The markets are still trading higher as strong buying momentum continued across the board. The markets are reacting positively ahead of the second stimulus package by the government. The BSE Mid Cap and the Small Cap index today has outperformed the benchmark index and are trading witje a gain of around 3% each. The significant buying is seen among the Metal, Realty, Auto, Banking and Capital Goods stocks.

The BSE Sensex is now trading above the 9,800 mark and the NSE Nifty trading above the 2,950 mark.

The overall market breadth is positive as 1763 stocks are advancing while 432 stocks are declining and the 65 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading higher as Hang Seng, Nikkei, Shanghai Composite, Straits Times and Seoul Composite index are trading higher by (3.59%), (5.21%), (0.19%), (2.54%) and (4.93%) respectively.

Hindalco Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (8.88%) at Rs. 57.60 while HDFC the top loser down by (2.17%) at Rs. 1600.20.

The BSE Mid cap is higher by 95.35 points at 3,145.83 and the BSE small Cap advanced by 104.78 points to trade at 3,635.74.

At 12.31 pm, BSE Sensex was at 9,820.23 up by 130.16 points while the NSE Nifty was at 2,975.35 up by 54 points.

BSE Auto inclined by 73.02 points to 2,450.31. Leading to its gain are Ashok Leyland (7.85%), Mahindra & Mahindra (5.80%), Tata Motors (2.79%) and Bajaj Auto (2.48%).

BSE IT index inclined by 48.15 points to trade at 2,339.48 as Mphasis (4.23%), TCS (2.24%), Satyam Computer (2.11%), Wipro (1.80%) and HCL Technologies (1.73%) are trading in positive.

BSE Metal index surged by 335.23 points at 5,600.36 as JSW Steel (7.61%), Nalco (6.15%), Sterlite Industries (5.95%), SAIL (5.42%) and Tata Steel (5.30%) are trading in green.

BSE Bankex index is trading higher by 181.41 points at 5,244.66. Gainers are Kotak Bank (4.58%), ICICI Bank (3.93%), HDFC Bank (2.60%), AXIS Bank (2.99%), PNB (1.90%), SBI (1.68%).

BSE Oil & Gas index is trading 157.11 points higher at 6,302.46 as Cairn India (9.11%), Aban Offshore (6.41%), Essar Oil (4.36%), Gail India (4.07%) and ONGC (4.01%) are trading in positive.

BSE Capital goods index advanced by 204.36 points to 7,031.90. The main gainers are Gammon India (11%), Punj Lloyd (4.73%), Praj Industries (4.26%), Siemens (5.98%) and ABB (2.62%).

BSE Power index is trading 46.07 points higher at 1,804.40. The main gainers are Suzlon Energy (5.56%), Torent Power (5.13%), Reliance Power (3.04%), Power Grid (1.70%) and NTPC (1.64%).

BSE Realty index grew by 128.36 points to 2,256.54. The major gainers are HDIL (10.50%), Unitech (9.48%), Ansal Infra (9.41%) and Sobha Developers (5.96%).

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