Wednesday 11 September 2013

Daily Equity Market Report – September 11, 2013

Indian equity markets pared their intraday losses in the last hour trading session and ended the day in positive terrain on the back of FIIs buying on the lower levels. Sensex ended the day just below 20,000 level at 19,997 up by only 0.36 points while Nifty ended at 5,913.15 up by 16.40 points. 

Rupee gained for the 5th consecutive day against dollar and hits the 3-week high since August 21. INR trading at 63.10 in the today’s trade tracking FIIs inflow in Indian equity markets. The foreign institutional investors bought shares worth Rs 2,563.6 crore while domestic institutional investors were net sellers worth Rs 1,398.05 crore on Tuesday as per the provisional data from the National Stock Exchange.

JP associate surged on the back of deal with Ultra Tech cement. JP Cement has struck a deal with Aditya Birla Group firm UltraTech to sell 51 per cent stake in the 5 million tonnes per annum Gujarat Unit for close to Rs 4,000 crore.

Among the sectoral indices CNX PSU Bank (5.33%), CNX Metal (3.15%) and CNX Realty (3.04%) were top gainers while CNX FMCG (-1.13%) and CNX Energy (-0.47%) were top losers.
Out of the 50 stocks of Nifty 30 stocks ended in positive zone, 19 in negative and 1 remain unchanged.

Top 5 Nifty gainers: BOB (8.19%), PNB (7.17%), DLF (5.84%), JP Associate (5.26%) and GRASIM (4.67%) were index top gainers.

Top 5 Nifty losers:  Powergrid (-3.08%), CAIRN (-2.83%), Tata Motors (-2.40%), ITC (-2.04%) and HUL (-1.92%) were top laggards.

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