Friday 13 September 2013

Daily Equity Market Report – September 13, 2013

Indian equity markets witnessed the volatile session throughout the trading session ahead of the next week FOMC meeting on money tapering and RBI monetary policy. Sensex ended the day at 19,732.76 down by 49 points while Nifty ended at 5,850 down by just 0.10 points.

Industrial production (IP) rose by 2.6% y-o-y in July, above expectations, led by a surprise jump in two of the most volatile components of capital goods. Excluding capital goods, IIP rose a more muted 0.8% y-o-y in July versus -1.2% in June. Capital good shares gained after industrial production unexpectedly rebounded in July while consumer inflation cooled last month, Consumer Price Index (CPI) eased to 9.52% in August from 9.64% in July following softening in prices of almost all commodities, except vegetables. 

Among the sectoral indices CNX Realty moves 2.82% higher; CNX Infra ended 1.90% higher and CNX PSE was up by 1.89% while CNX IT ended at -1.18%. 

Out of 50 stock of Nifty 35 stocks advanced while 15 were in Red zone.

Top 5 Nifty gainers: BHEL (5.97%), DLF (5.13%), Axis Bank (4.21%), PNB (3.98%) and Reliance Infrastructure (3.77%) and were among the biggest gainers.

Top 5 Nifty losers: HCL (-2.64%), Ultra Cement (-2.32%), ITC (-1.87%), Tata Steel (-1.72%), ICICI Bank (- 1.65%) were among the top losers.

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