Mid-Market— Nifty regains 5600 mark; Metal stocks shine Analysis for Aug 12, 2013

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Indian markets were extending gains during the mid-session with the 30-share benchmark index Sensex trading around 1 per cent higher and Nifty regaining its psychological 5600 mark. Mid- and small-cap indices were also extending gains helped by Metal, healthcare and FMCG stocks. The benchmark indices—Sensex and Nifty-- were also mainly driven by metal stocks as investors cheered the robust Chinese data which is the world"s one of the biggest consumer of metals. Banking stocks were however under pressure as RBI gives no hint of rolling back liquidity tightening measures and instead unveiled fresh steps to squeeze it further. Besides, Oil & Gas, Auto, Consumer Durables stocks were also looking firm today.

At 12:32PM BSE SENSEX was at 18956.27 up by 166.93 points or by 0.89 per cent while NSE Nifty was at 5608.25 up by 42.6 points or by 0.77 per cent.

The BSE MIDCAP was at 5474.77 up by 65.63 points or by 1.21 per cent, while the BSE SMLCAP was at 5308.05 up by 73.8 points or by 1.41 per cent.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 236.25,+8.15%), Sun Pharmaceutical Industries Ltd. (Rs. 541.50,+6.78%), Jindal Steel & Power Ltd. (Rs. 220.50,+6.32%), Sterlite Industries (India) Ltd. (Rs. 80.05,+4.91%), Hindalco Industries Ltd. (Rs. 94.15,+3.07%), among others.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 1617.00,-2.68%), Dr. Reddy's Laboratories Ltd. (Rs. 2172.00,-2.08%), Tata Power Company Ltd. (Rs. 76.25,-1.87%), Tata Consultancy Services Ltd. (Rs. 1819.50,-1.44%), Reliance Industries Ltd. (Rs. 855.00,-1.21%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2104, shares advanced were 1264 while 740 shares declined and 100 were unchanged.

In BSE, BSE Metal index was at 7200.91 up by 345.37 points or by 5.04%. Tata Steel Ltd. (Rs. 236.25,+8.15%), Jindal Steel & Power Ltd. (Rs. 220.50,+6.32%), NMDC Ltd. (Rs. 107.95,+5.78%), Sterlite Industries (India) Ltd. (Rs. 80.05,+4.91%), JSW Steel Ltd. (Rs. 527.50,+4.69%),.

In BSE, BSE_HCS index was at 8976.63 up by 167.53 points or by 1.9%. Aurobindo Pharma Ltd. (Rs. 177.75,+10.37%), Sun Pharmaceutical Industries Ltd. (Rs. 541.50,+6.78%), Wockhardt Ltd. (Rs. 399.35,+5.00%), Divi's Laboratories Ltd. (Rs. 1004.65,+3.56%), Apollo Hospitals Enterprise Ltd. (Rs. 938.00,+2.76%),.

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Story first published: Monday, August 12, 2013, 13:00 [IST]
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