Markets end flat

The markets started on a negative note with the Sensex down 35 points at 19,881 and the Nifty down 18 points at 5,889, owing to global negative cues.

The Indian rupee opened weak at 61.57, down 13 paise, gainst the US dollar.

Soon, the BSE benchmark extended losses and touched the day’s low of 19,647 in the mid-morning session on the back of heavy selling in banks stock and weakning Indian currency.

Thereafter, the index continued to move sideways till the mid-noon deals.

The BSE benchmark index staged a smart recovery in the late noon deals on the back of fresh buying in IT, Metal and Healthcare stocks. The Sensex touched the day’s high of 19,910 in the late-noon trades.

The markets bounced back smartly in trades on Monday on the back of fresh

buying in IT shares ahead of the results season.

IT major Infosys is set to kickstart the earning season on October 11,

2013. IT firms are expected to do well on the back of sharp fall in Rupee

versus the dollar in the just concluded September quarter.

Finally, the markets ended at the day’s high. The BSE Sensex ended down 20 points at 19,895. The NSE Nifty was flat at 5,906.

Meanwhile, the Indian rupee was weak at 61.87, down 43 paise against the US dollar at 1545 hours.

Among the broader markets, the Midcap and Smallcap indices added 0.4 per cent each at 5,757 and 5,591, respectively.

Among sectors, the IT index rallied 1.2 per cent at 8,119. The Metal, Tech and Healthcare indices advanced nearly a per cent each at 8,809, 4,589 and 9,656, respectively. The Power index added 0.4 per cent at 1,537.

On the other hand, the Bankex index dropped 1.2 per cent at 11,475. The PSU and Capital Goods indices declined 0.4 per cent each at 5,517 and 7,974, respectively. The Realty, Consumer Durables and Oil & Gas indices were down 0.3 per cent each at 1,242, 5,895 and 8,381, respectively.

The market breadth was positive. Out of total 2,522 stocks traded so far on the BSE, 1,280 stocks advanced and 1,089 stocks declined.

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Tata Steel zoomed over 4 per cent at Rs 300. Hindalco soared 3.2 per cent at Rs 121.

TCS spurted 2.5 per cent at Rs 2,084. Jindal Steel rallied 1.6 per cent at Rs 240.

BHEL advanced 1.5 per cent at Rs 146. Gail India added 1.3 per cent at 1.3 per cent at Rs 336.

Tata Power, Dr Reddys Lab, Sun Pharma and ONGC were the other major gainers.

On the other hand, Coal India cracked 3.2 per cent at Rs 300. Bharti Airtel slipped 1.7 per cent at Rs 322.

ICICI Bank and Maruti Suzuki dropped 1.5 per cent each at Rs 916 and Rs 1,407, respectively.

Larsen & Toubro shed 1.4 per cent at Rs 808. SBI declined 1.2 per cent at Rs 1,632.

Reliance and HDFC Bank were the other major losers down over a per cent each.


Axis Bank topped the value chart with a turnover of Rs 196 crore. It was followed by HDFC (Rs 60 cr), Yes Bank (Rs 57 cr), Ranbaxy Lab (Rs 50 cr) and ICICI Bank (Rs 44 cr).

Larsen &Toubro Finance topped the volume chart with trades of around 4.95 million shares. It  was followed by SpiceJet (2.50 mn), Firstsource Solutions (2.28 mn), JP Associates (2.24 mn) and Bombay Dyeing (1.96 mn).


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