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Market Report

Wednesday, 11-Sept-2013


  • After falling over 200 points initially, the S&P BSE benchmark Sensex today recouped losses to end flat at 19,997.45 on the back of gains in shares of metal and banks, extending its winning run to the fifth day. It actually had crossed the 20k-mark briefly to touch a high of 20,055.53 in trade today. The 50-share National Stock Exchange index Nifty managed to end higher by 16.40 points, or +0.28 per cent to close at 5,913.15 today. It moved between 5,924.35 and 5,832.70 intraday.

  • Markets yesterday saw the biggest four-day rally in four years in which Sensex had gained 1,757 points. Today, for the most part of the day, the markets witnessed profit booking post the yesterday's massive gain. This dragged the 30-share bluechip index down to day's low of 19,777.63 -- down 219 points from previous close.

  • Brokers said banking stocks rose on hopes of an interest rate cut by the RBI next week even though investors were largely playing it safe ahead of IIP and inflation data. The rupee continued with its gains and was trading near 63.20 levels against dollar, after falling to 64.19 intraday.

  • Global indices, however were seen mixed. Reports said a fresh condition by Russian President Vladimir that the US should rule out use of force against Syria added to the uncertainty. Asian markets also took a breather today and ended on a flat note after nine days of gains as investors booked profits.

  • Indian stock market today regained the trillion-dollar level after remaining out of this elite league for about a month.

NIFTY 3-Month

(Data/Charts courtesy NSEI/Yahoo!/iCharts/The Economic Times)