Key benchmark indices surged as the rupee extended recent recovery against the dollar on receding geopolitical risks from Syria, FII data and global markets also aided the sentiments. BSE Sensex, scaled nearly seven week closing high, with the index closing a tad lower from the psychological 20,000 mark after kissing that mark in late trade. The CNX Nifty hit 6-1/2 week closing high to settled at 5897, up by 216 points.
The market breadth, indicating the overall health of the market, was strong. All the eighteen sectoral indices on NSE closed in the green, with CNX Auto as the top sectoral gainers (up by 5.98%). Telecom stocks surged after the sector regulator on Monday, 9 September 2013, recommended sharp cuts in reserve prices for the next round of spectrum auctions. In Nifty50 stocks the Advance to Decline stands at 41 to 9, Tatamotors being the topping the list with 9.82% gains.
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