September 16, 2013

Market Pulse - 16 Sep, 2013

Market Pulse 16 Sep 2013Markets after rising over to 1% closed on a flat note amid August wholesale inflation dashing hopes of RBI cutting rates later this week, as investors choose to remain side-line ahead of key global and local economic events this week. The S&P BSE Sensex ended up by mere 9.71 points or 0.05% at 19,742.47. It had touched a high of 20,086.43 in the day. The CNX Nifty closed down by 10.05 points or 0.17% to 5,840.55. It had touched a high of 5,957.25 and a low of 5,798.15 in the intra-day today.

Among the sectoral indices, FMCG, Auto, Bankex indices gained while IT, Realty, Oil & Gas, Healthcare and Metal indices declined. In the broader market both the indices Mid-cap and Small-cap closed down by 0.54% and 0.58% respectively.

Among the index gainers were ICICI Bank and HDFC Bank gaining by 3.11% and 2%, Maruti Suzuki and Hero Motocorp gained up by 2.50% each, Bharti Airtel and ONGC advanced up by 1.95% and 1.47% while HDFC and ITC up by 0.75% and 0.97% respectively.

Among the index losers were Sesa Goa dropping by 4%, Coal India fell by 2.60%, BHEL and Cipla declined by 2.30% and 2%, TCS fell by 2.48%, Infosys down by 1.19% and Reliance Industries slipped by 1.33%.

The Rupee rallied to a near one-month, as hopes for a prolonged easing monetary policy in the US boosted emerging markets. The partially convertible Rupee closed at 62.83/84 per dollar as against to the Friday's close of 63.48 on the Interbank Foreign Exchange.

The WPI (Wholesale Price Index) based inflation surged to a six-month high of 6.10% in the month of August, as against to 5.79 in the month of July, according to the data released by Ministry of Commerce and Industry today.

The overall market breadth ended negative with 1,244 shares declined as compared to 1,118 shares advanced.

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