September 19, 2013

Market Pulse - 19 Sep, 2013

Market Pulse - 19 Sep, 2013Markets rallied after the US Federal Reserve decided to continue with its stimulus program, as investor rushed to acquire rate sensitive like Auto, Realty and Financial sector shares. The S&P BSE Sensex spurted up by 684.48 points or 3.43% at 20,646.64. It had touched a high of 20,739.69 and a low of 20,347.30 in the intra-day. The CNX Nifty surged up by 216.10 points or 3.66% to 6,115.55. It had touched a high of 6,144.15 and a low of 6040.15 in the intra-day today.

Among the sectoral indices barring IT index which closed marginally lower down by 0.20% all other sectoral indices closed positive. Bankex index leading the list spurted up by 6.78% followed by Realty and Capital Goods surged up by 5.34% and 4.75%. Metal, PSU, FMCG, Oil & Gas, Auto and Power indices also closed between 4-2%. Other notable gainers also included Consumer Durables and Healthcare. In the broader market Mid-cap index closed up by 2.21% while Small-cap index gained advanced up by 1.16%.

Among the index gainers, SBI leaded the list by jumping up by 8.07% followed by Tata Steel, ICICI Bank, Tata Power, L&T and Maruti Suzuki all surging between 7-6% each. ONGC, Hindusta Unilever, HDFC Bank, Bharti Airtel, Jindal Steel, Sesa Goa, HDFC, Gail (India), Tata Motors, ITC, Hindalco Inds, Mahindra & Mahindra also gained between 6-3%. Other notable gainers also include BHEL, Relaince Industries, Bajaj Auto, Sun Pharmaceuticals, Hero MotoCorp, NTPC, Drt Reddys Laboratories, Cipla, TCS and Infosys.
Among the index losers were only Wipro and Coal India both declining by 1.87% and 0.03%.

The Rupee cloaked near to its 5-month high, after the US Federal Reserve refrained from its stimulus program. The partially convertible Rupee closed up by 2.55% or 162 paise at 61.77/78 per dollar as compared to its previous close of 63.38/39 on Wednesday. The Rupee rose as high as 61.64 in the today's session, its highest since August 16 2013.

The overall market breadth ended firm positive with 1,427 shares advancing as compared to 1,003 shares declining.

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