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Tuesday, 21 February 2012

Mid Market Wrap

Market Commentary:

Ø The Indian equity markets are trading in the positive terrain after a cautious start supported by sustained buying by foreign funds over the past few days. Markets were supported by oil & gas, capital goods, FMCG, banks and metals stocks. However, the upside was somewhat capped by a fall in technology stocks. IT stocks edged lower as the rupee climbed to a two-week high.

Ø The euro rose to a three-month high against the yen and metals gained after European finance ministers reached an agreement on a Greek aid package. Asian stocks slid, led by consumer companies.

Ø The market breadth, indicating the overall health of the market, was strong. The broader indices were outperforming benchmarks.

Ø Shares of ONGC and BHEL topped the buying list, rising 4% each.

Ø The rupee rose early on Tuesday in anticipation of bunched dollar inflows as trading resumed after a three-day weekend.

* INDICES: Sensex +112 at 18401 (0.61%), NIFTY +38 at 5603 (0.69%), CNXMIDCAP +58 at 7983 (0.73%)

* SECTORAL PERFORMANCE: BANKEX 0.81%, AUTO 0.61%, CAPITAL GOODS 1.41%, HEALTHCARE 0.64%, Metal 1.83%, OIL & GAS 0.89%, IT -0.04%, FMCG 0.4%, PSU 1.05%, REALTY 2.27%, Consumer Durables 1.22%, POWER 2%

* MARKET BREADTH: 363 Advances, 132 Declines (BSE 500)

* TODAY'S GAINERS: BHEL 4.74%, TATA 3.67%, ONGC 3.5%, HNDL 3.48%, RELI 3.09%

* TODAY'S LOSERS: HDFCB -0.78%, MSIL -0.72%, TCS -0.66%, HCLT -0.43%, WPRO -0.41%

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