Monday 16 September 2013

Morning Summary, Market Synopsis: 16th September, 2013

Photo: Morning Market Update:
The Indian equity market indices have opened the day on a firm note. Barring healthcare, all sectoral indices have opened in the green with stocks in the banking and capital goods leading the gains. The Sensex today is up by around 289 points (1.5%), while the NSE-Nifty is up by around 89 points (1.5%). Midcap and small cap stocks have opened in the green as well with the BSE Mid Cap and BSE Small Cap indices up by around 0.7% each. The rupee is trading at Rs 62.6 to the US dollar. On the international front, US stocks closed near session highs on Friday, with the Dow posting its second best weekly gain this year. Asian equities kicked off the week higher as investors cheered Larry Summer's decision to pull out of the race to become the next Federal Reserve chief, but trading volumes were thin with Japanese markets shut for a holiday. Coming back to India, top Nifty gainers are IndusInd Bank, ICICI Bank, Axis Bank, Maruti Suzuki and Hero Motor Corp, while top losers include Ranbaxy Lab, HCL Tech, TCS, Sesa Goa Ltd, and Lupin Ltd.


The Indian equity market indices have opened the day on a firm note. Barring healthcare, all sectoral indices have opened in the green with stocks in the banking and capital goods leading the gains. The Sensex today is up by around 289 points (1.5%), while the NSE-Nifty is up by around 89 points (1.5%). Midcap and small cap stocks have opened in the green as well with the BSE Mid Cap and BSE Small Cap indices up by around 0.7% each. The rupee is trading at Rs 62.6 to the US dollar. On the international front, US stocks closed near session highs on Friday, with the Dow posting its second best weekly gain this year. Asian equities kicked off the week higher as investors cheered Larry Summer's decision to pull out of the race to become the next Federal Reserve chief, but trading volumes were thin with Japanese markets shut for a holiday. Coming back to India, top Nifty gainers are IndusInd Bank, ICICI Bank, Axis Bank, Maruti Suzuki and Hero Motor Corp, while top losers include Ranbaxy Lab, HCL Tech, TCS, Sesa Goa Ltd, and Lupin Ltd.

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