Mid-market commentary : September 19,2016

The Indian indices in the hit list are holding their morning gains at their current levels. The Nifty is trading up by 25 points at 8805; and Sensex is 62 points higher at 28661. Both the indices are trading up in the range of 0.22-0.29 per cent.

13 out of the 13 sectoral indices are trading in the green. Oil & Gas and IT are the top gainers, up by 80 points each. 
Bankex, Healthcare and Metals are up more than 50 points each and Mid-Caps and Small-Caps have gained 50 points each as well. Consumer Durables, Capital Goods and FMCG are trading nominally positive.

The Asian markets are trading with positive results. Hang Seng is the top gainer, up by 201 points. The Nikkei is also up by 93 points. The Shanghai, KOSPI and Taiwan Weighted are all higher.

Buzzers: TCS opened trades on a positive note today, and made a high of Rs 2421. Mid-session, the stock broke a major resistance at Rs 2400. If it closes above this level, the stock may see a further up-move.

IL&FS Transportation Networks  plans to put three or four road assets valued  between Rs 4,500 crore and Rs 5,000 crore in an infrastructure investment trust. In current scenario stock is up by 10.60 per cent and has made new 52 week high of Rs 107.

Patel Engineering has witnessed lower circuit of 5 per cent at Rs 105. If at closing the scenario remains the same, the stock may see more downfall.