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BSESENSEX started cautious on wednesday, Bank, capital goods and Metalstocks weak.
At12:30 pm Tata steel quoted 396.35 up 0.42% touched high of 397.25 andlow of 389.60. The stock traded among index losers on moringsession.
StockMarket trading flat on Wednesday, Both bench mark indices looking onyesterday levels. However high buying of Pharma and metal sharessupport to market. But selling of FMCG and Capital goods sharespressurize market. Midcap and Small cap shares looking good.
Lupin,Bharti Airtel, Tata steel, Cipla, NTPC and Hindalco gained, whileAsian Paints, ITC, Ultratech Cement, Grasim, JPASSOCIATES, HUL, L&T,SBIN and Hero Motocorp slipped.
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SENSEXand Nifty are volatile but midcap and small cap index gained 1%.Analysts said nifty future point to weakness next month. Dealers saidNSE spot market medium term trend is downward after it breached its100 days moving average since October.
Crudeoil traded weak at MCX today touched high of 6148.00 and low of6106.00 currently traded at 6136.00 down 0.32%.