Webinfosys's Stock Market News : Mid Market Session

The market is slipping in the red territory amidst selling pressures. Banking and Energy stocks have felt the heat of selling pressures as these stocks had picked up well in the closing days of last week. IT is still the laggard and Capital goods has kept the momentum going. The market is now highly volatile as fresh buying is negligible as investors are oriented towards profit booking. The Mid cap and small cap stocks are the favourites to be picked now as these indices are up by 123.78 points and 188.71 points at 8,145.58 and 9,931.14 respectively.

The overall market breadth looks positive as 1596 stocks are advancing while 1036 stocks are declining on BSE.

At 12.32 pm, BSE Sensex is low by 85.91 points at 19,890.32, while Nifty remained flat with a marginal gain of 3.75 points at 5936.15.

BSE Metal index is up by 146.15 points at 17,839.81. Jindal Steel, Sesa Goa, and and JSW SL are up by 3.07%, 1.29% and 1.84% at Rs. 13,050, Rs. 3,700 and Rs. 941 respectively.

BSE Realty is up by 94.78 points at 10,422.68. HDFC, Parsvnath, and Unitech Ltd are moving high by 3.80% at Rs. 706.90, 2.17% at Rs. 333.70 and 1.07% at Rs. 381 respectively. HDFC has entered into a JV agreement with ERGO International AG to set up a general insurance business.

BSE CG is moving up by 97.92 points at 20,484.33. Lakshmi MA, Praj Industries and Punj Loyd are up by 7.67%, 4.37% and 6.74% at Rs. 3,555, Rs. 202.80 and Rs. 532 respectively.

BSE Bankex has regained after early loss by 27.24 points at 11,268.77. ICICI bank and HDFC bank are facing selling pressures as they fell by 1.86% at Rs. 1,305.90 and 1.81% at Rs. 1,727 respectively. However Axis Bank, Punjab National Bank and Bank of Baroda are moving high by 7.50%, 4.58% and 4.64% at Rs. 998.90, Rs. 566 and Rs. 390.15 respectively.

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