Tuesday, 17 September 2013

Morning Summary, Market Synopsis: 17th September, 2013

The Indian equity markets indices have opened the day on a weak note. Barring healthcare, software and consumer durables, all sectoral indices have opened in the red with stocks in the banking and capital goods leading the losses.The Sensex today is down by around 55 points (0.3%), while the NSE-Nifty is down by around 17 points (0.3%). Midcap stocks have opened in the red as well with the BSE Mid Cap index down by around 0.1%. However, small cap stocks have opened in the green with the BSE Small Cap index up by around 0.1%. The rupee is trading at Rs 63.43 to the US dollar. In US stocks eased off their best levels Monday but still finished sharply higher, boosted by news that Larry Summers had pulled out of the race to be the next head of the Federal Reserve. Asian equity markets turned mixed on Tuesday amid anticipation of a reduction in U.S. stimulus ahead of the Federal Reserve's two-day policy meeting. Coming back to India, top Nifty gainers are Ranbaxy Lab, HCL Tech, Dr Reddy’s Lab, Ultratech Cement and Grasim Industries, while top Nifty losers include Bank of Baroda, Indusind Bank, Axis Bank, Sun Pharma and IDFC Ltd.
Photo: Morning Market Update:
The Indian equity markets indices have opened the day on a weak note. Barring healthcare, software and consumer durables, all sectoral indices have opened in the red with stocks in the banking and capital goods leading the losses.The Sensex today is down by around 55 points (0.3%), while the NSE-Nifty is down by around 17 points (0.3%). Midcap stocks have opened in the red as well with the BSE Mid Cap index down by around 0.1%. However, small cap stocks have opened in the green with the BSE Small Cap index up by around 0.1%. The rupee is trading at Rs 63.43 to the US dollar. In US stocks eased off their best levels Monday but still finished sharply higher, boosted by news that Larry Summers had pulled out of the race to be the next head of the Federal Reserve. Asian equity markets turned mixed on Tuesday amid anticipation of a reduction in U.S. stimulus ahead of the Federal Reserve's two-day policy meeting. Coming back to India, top Nifty gainers are Ranbaxy Lab, HCL Tech, Dr Reddy’s Lab, Ultratech Cement and Grasim Industries, while top Nifty losers include Bank of Baroda, Indusind Bank, Axis Bank, Sun Pharma and IDFC Ltd.

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