Mid-Market- Sensex little changed amid mixed Asian cues Analysis for May 16, 2013

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The key domestic benchmarks were trading on a steady note in noon trade amid a lack of direction from fellow Asian peers. Asian markets were mixed even as Japan"s economy grew at the fastest pace in a year last quarter. On the domestic front, profit-booking after yesterday"s stellar rally weighed on benchmarks as speculation of another rate cut next month heightens following the significant retreat in the pace of inflation.

At 12:17PM, the BSE SENSEX was at 20,220.68, up by 7.72 points or by 0.04 per cent, and the NSE Nifty was at 6,165.15, up by 18.4 points or by 0.30 per cent.

The BSE Sensex touched intraday high of 20,326.48 and intraday low of 20,162.12. The NSE Nifty touched intraday high of 6,187.3 and intraday low of 6,128.25.

Meanwhile, the BSE MIDCAP was at 6,593.62, up by 29.16 points or by 0.44 per cent, while the BSE SMLCAP was at 6,182.29, up by 5.4 points or by 0.09 per cent.

On the Sectoral front, Healthcare and Oil & Gas advanced 1.59 per cent and 1.46 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2057, shares advanced were 952 while 971 shares declined and 134 were unchanged.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2136.25,+3.47%), Cipla Ltd. (Rs. 420.80,+2.27%), State Bank of India (Rs. 2428.25,+1.83%), Reliance Industries Ltd. (Rs. 833.50,+1.80%), ICICI Bank Ltd. (Rs. 1209.10,+1.46%), among others

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Story first published: Thursday, May 16, 2013, 14:20 [IST]
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