Mid market report

The market has now slipped from the opening highs and is trading with marginal gain. The heavy buying is seen in the Metal and Capital Goods stocks. However the Health Care stocks today are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2069 stocks are advancing while 777 stocks are declining and the 42 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 46.84 points at 9,447.70 and the BSE small Cap advanced by 242.94 points to trade at 12,585.43.

At 12.31 pm, BSE Sensex was at 20,224.98 up by 32.46 points whereas Nifty was at 6,076.85 up by 6.10 points.

BSE Metal index surged 186.40 points to trade at 19,477.74. The major gainers are Nalco (7.95%), Hindalco Industries (2.38%), SAIL (1.85%) and Tata Steel (1.01%).

Nalco has planned to invest Rs11,000 Crore in a mega Greenfield smelter and thermal power project in Indonesia.

BSE Capital goods index increased 52.26 points to 19,706.57. The main gainers are BEML (3.31%), Areva (3.23%), Bharat Electrical (2.14%) and L&T (0.35%).

BSE Banks index advanced by 61.70 points to trade at 11,351.78. The major gainers are Yes Bank (2.68%), HDFC Bank (1.96%), ICICI Bank (1.20%) and Union Bank (0.22%).

BSE Power index inclined by 16.29 points to trade at 4,460.05 as Power Grid (1.81%), Suzlon Energy (1.57%), Reliance Energy (1.10%) and Crompton Greaves (0.68%) are trading higher.

BSE IT index inclined by 21.75 points to trade at 4,613.62 as NIIT Techno. (1.47%), HCL Tech. (0.47%), Wipro (0.43%) and I-flex (0.29%) are trading in positive territory.

BSE Auto index increased by 4.69 points to trade at 5,647.59. Leading to its gain are MRF (1.93%), Cummins India (1.65%), Maruti Suzuki (0.54%) and TVS Motor (0.35%).

BSE Oil & Gas index was trading 4.13 points higher at 13,120.12 as Essar Oil (5.54%), ONGC (0.87%), Indian Oil (0.84%) and RPL (0.18%) are trading in green.