September 18, 2013

Market Pulse - 18 Sep, 2013

Market Pulse 18 Sep 2013Markets closed firm on a positive note after on a volatile trading session fueled by late buying in Bankex and Realty sectors. The S&P BSE Sensex surging up by 158.13 points or 0.80% to 19,962.16. The CNX Nifty gaining up by 49.25 points or 0.84% to 5,899.45.

In the sectoral all the indices closed positively with Realty leading the list surging by 2.03% followed by Bankex and FMCG gaining by 1.56% and 1.37%. Healthcare, PSU, Consumer Durables, Capital Goods, Oil & Gas also closed in gains while Metal and Auto indices almost ended flat up by 0.01% each. In the broader markets Mid-cap index gained marginally by 0.10% and Small-cap index advanced up by 0.40%.

Among the index gainers NTPC leading the list surging up by 3.28 followed by Tata Power, SBI, Dr Reddys Lab and Hindustan Unilever rising between 3-2%. L&T, Maruti Suzuki, Reliance Industries, ITC, HDFC Bank, Coal India, Cipla, ICICI Bank and Wipro gained between 2-1%. ONGC, Sun Pharma, Hindalco Inds, Jindal Steel, Tata Steel, Tata Motors, TCS, Gail (India), Bajaj Auto and Bharti Airtel were other gainers on the list.

Among the index losers BHEL slipped by 4.76%, Heor MotoCorp fell by 2.84% and Sesa Goa declined by 1.58%. Other notable losers were, HDFC, Mahindra & Mahindra and Infosys.

The Indian rupee closed largely steady on Wednesday as caution prevailed ahead of the U.S. Federal Reserve's policy meeting outcome later in the day, but gains in the domestic sharemarket and other Asian currencies helped through the most part.

The Rupee after its initial slip continued to trade strong in late trades closing steady, amid dollar flows from foreign banks, as caution prevailed ahead of the U.S. Federal Reserve's policy meeting outcome later in the day The partially convertible rupee closed at 63.38/39 per dollar compared with yesterday's close of 63.37/38 per dollar.

The overall market breadth was positive with 1,215 shares advancing as compared to 1,124 shares declining.

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