02 September, 2013

Market Pulse - 02 Sep, 2013

Market Pulse 01 Sep 2013
Markets closed higher for straight four consecutive days after improved China's manufacturing data signalling of growth recovery. The S&P BSE Sensex gained by 266.41 points or 1.43% to close at 19,367.59. The CNX Nifty advanced by 78.95 points or 1.44% to 5,550.75.

Among sectoral indices, Metal index gained most by 3.16%, followed by FMCG index gaining by 3.10%, Realty and Oil & Gas indices advancing by 3% and 2.55%. Other notable sectoral indices were, PSU Capital Goods, Bankex, IT and Consumer Durables. In the broader markets, Mid-cap and Small-cap indices closed firm by gaining 1-1.40%.

Among major index gainers included Tata Steel spurting by 5.54%, Maruti Suzuki surged up by 4.60%, Reliance Industries rose by 4%, ITC gained by 3.20%, Jindal Steel advanced by 2.60%, and ICICI Bank gained up by 2%. Other notable gainers were, Bajaj Auto, Coal India, Gail (India), HDFC, ONGC, SBI and Sun Pharmaceuticals.

Among major index losers were, Mahindra & Mahindra fell by 2%, Tata Power and HDFC Bank declined by 1.30% and 1% and Hero MotoCorp down by 0.70%.

Tata Steel spurted up by 5.54% after company reported that it is planning to raise domestic sales on higher demand post monsoon season.

The Rupee traded marginally weak in the early trades due to weak GDP numbers released last Friday. The partially convertible Rupee closed at 66.00/01 per dollar as against Firday's close of 65.71 on the Interbank Foreign Exchange.

The overall market breadth was firm positive with 1,397 shares advanced while 854 shares declined.

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