Tuesday, August 18, 2009

Mid Session Indian stock Market Commentary

The indian stock markets gained grounds from the early lows and are now trading at the day’s high as strong buying emerged across the board. The BSE Senex has crossed above the 15000 mark and the NSE Nifty above the 4450 mark in the mid trade. All the sectorial indices are trading in green in the mid trade. The significant amount of buying witnessed among the Realty, Capital Goods, Metal and Banking stocks after sharply beaten down in t he previous session. The broader market indices also remained in limelight as the both the BSE Mid Cap and the BSE Small Cap are now trading with a gain of around 2% each.

Hindalco Industries reported the top gainer from the BSE Sensex pack, as it is trading higher by (5.54%) at Rs.105.80 while TCS reported the top loser trading down by (0.51%) at Rs.508.10.

The overall market breadth is positive as 1583 stocks are advancing while 758 stocks are declining and the 79 stocks remain unchanged on BSE.

At 12.31 pm, BSE Sensex was at 15,036.38 up by 251.46 points and the NSE Nifty was at 4,473.25 up by 85.35 points.

The BSE Mid cap is trading higher by 100.53 points at 5,486.04 and the BSE small Cap grew by 119.88 points to trade at 6,331.59.

HDFC, the leading mortgage lender has started its Rs 4,300 crore immediate fund raising exercise. The amount to be raised from the issue of NCDs would be about Rs 4,000 crore. Further the company is issuing 1.1 crore warrants, each convertible into one equity share of the company within three years, at a price of Rs 3,000. The stock is now trading higher by (3.12%) at Rs. 2,320.

BSE REALTY indexwas at 3,783.29 advanced by 120.59 points or by (3.29%) The main gainers were Phoenix Mill up by (5.73%) at Rs.132, Indbul Real up by (4.69%) at Rs.228.9, Penland Ltd up by (4.16%) at Rs.78.95, Housing Dev up by (3.93%) at Rs.278.75, Ansal Infras up by (3.8%) at Rs.61.5.

BSE METAL index was at 12,240.13 surged by 301.22 points or by (2.52%) The main gainers were Hindalco In up by (5.34%) at Rs.105.6, Welsp Guj Sr up by (3.71%) at Rs.209.6, Jsw Sl up by (3.46%) at Rs.707, Jindal Steel up by (3.37%) at Rs.3010.1, Tata Stl up by (3.06%) at Rs.451.1.

BSE BANKEX index was at 8,123.46 inclined by 175.59 points or by (2.21%) The main gainers were HDFC Bank Lt up by (2.76%) at Rs.1446.1, Allahabad Bank up by (2.68%) at Rs.86.1, ICICI Bank up by (2.67%) at Rs.723.7, Idbi Bank up by (2.41%) at Rs.97.6, Federal Bank up by (2.38%) at Rs.221.1.

BSE CG index was at 12,220.40 surged by 339.23 points or by (2.86%) The main gainers were Punj Lloyd up by (4.86%) at Rs.234.2, Larsen & Toubro Ltd. up by (3.82%) at Rs.1465.8, Elecon Eng C up by (3.35%) at Rs.75.5, Usha Martin up by (3.29%) at Rs.53.45, Siemens Ltd up by (3.27%) at Rs.445.6, The main losers were Thermax Lmtd down by (1.05%) at Rs.399.55.

BSE FMCG index was at 2,492.30 increased by 43.36 points or by (1.77%) The main gainers were Unitd Spr up by (5.15%) at Rs.884.9, United Brew up by (3.52%) at Rs.150.1, Hind Uni Lt up by (2.39%) at Rs.255.4, Ruchi Soya up by (2.21%) at Rs.73.85, Colgate Palm up by (1.49%) at Rs.611.

BSE AUTO index was at 5,408.27 grew by 104.77 points or by (1.98%) The main gainers were Bharat Forge up by (5.48%) at Rs.223.3, Apollo Tyre up by (4.6%) at Rs.40.9, Marutisuzuki up by (2.63%) at Rs.1310.05, Amtek Auto L up by (2.62%) at Rs.139.15, Mahindra & Mahindra Ltd. up by (2.44%) at Rs.765.

BSE CD index was at 3,016.95 increased by 30.75 points or by (1.03%) The main gainers were Videocon Ind up by (3.32%) at Rs.199, Rajesh Expot up by (2.26%) at Rs.43, Gitanjali Gem up by (1.94%) at Rs.110.3.

BSE PSU index was at 8,205.06 advanced by 147.17 points or by (1.83%) The main gainers were Power Finan up by (4.52%) at Rs.218.5, Hindustan Petroleum Corp. Ltd. up by (3.47%) at Rs.370.8, Andhra Bank up by (3.17%) at Rs.88, Nat Alum Co up by (3.03%) at Rs.314.5, Dredg Corp up by (2.96%) at Rs.445.

BSE POWER index was at 2,854.67 rose by 45.91 points or by (1.63%) The main gainers were Siemens Ltd up by (3.27%) at Rs.445.6, Suzlonenergy up by (2.81%) at Rs.87.75, Neyveli Lig up by (2.39%) at Rs.130.5, Rel Infra up by (2.08%) at Rs.1135.75, Bhel up by (2.02%) at Rs.2227.

BSE HC index was at 3,802.82 improved by 18.74 points or by (0.5%) The main gainers were Orchid Chem up by (4.94%) at Rs.104, Dishman Phar up by (3.75%) at Rs.204.5, Glenmark Pha up by (3.43%) at Rs.256.3, Wockhardt Lt up by (2.33%) at Rs.160.55, Sunpha Adv up by (1.95%) at Rs.70.6.

BSE OIL&GAS index was at 9,542.37 jumped by 109.86 points or by (1.16%) The main gainers were Hindustan Petroleum Corp. Ltd. up by (3.47%) at Rs.370.8, Essar Oil Ltd. up by (3.27%) at Rs.134.15, Aban Offsho up by (3.05%) at Rs.1127.6, Cairn Ind up by (3.04%) at Rs.244, Indian Oil up by (2.76%) at Rs.585.

BSE TECk index was at 2,865.50 grew by 28.27 points or by (1%) The main gainers were Rolta Ind up by (6.11%) at Rs.160.6, Mphasis Ltd up by (4.72%) at Rs.517.2, Deccan Chr up by (4.33%) at Rs.96.45, Tanla up by (3.54%) at Rs.52.6, Patni Comput up by (3.5%) at Rs.387.05.

BSE IT index was at 3,874.58 inclined by 6.73 points or by (0.17%) The main gainers were Rolta Ind up by (6.11%) at Rs.160.6, Mphasis Ltd up by (4.72%) at Rs.517.2, Patni Computer up by (3.5%) at Rs.387.05, Tech Mah up by (2.08%) at Rs.822.2, Niit Ltd up by (2.08%) at Rs.66.2.

On the global markets front, the Asian markets are trading higher as the Hang Seng, Shanghai Composite , Nikkei 225, Straits Times and Seoul Composite index are trading up by (1.04%), (1.68%), (0.16%), (0.82%) and (0.21%) respectively.

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