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Market Report

Tuesday, 15-Oct-2013

NSE

  • Sensex, the benchmark BSE index, fell -0.29 percent, or 59.92 points, to end at 20,547.62 today, earlier hitting its highest intraday level since November 2010. The broader NSE index Nifty fell -0.39 percent, or 23.65 points, to end at 6,089.05 today, snapping its five-day winning streak.

  • Markets retreated from a nearly three-year high hit earlier in the session, as blue chips declined ahead of the Oct. 17 deadline to lift the US debt ceiling. Banking stocks declined after data showing higher-than-expected headline and retail inflation on Monday sparked concerns the RBI would raise interest rates this month.

  • Yesterday, the Wholesale Price Index (WPI) based inflation rose an annual 6.46% in September, higher than the previous month's 6.10% and market expectations of 6.0%. Consumer Price Index (CPI) inflation for September 2013 also surprised negatively as it picked up to 9.84% as compared with expectations of 9.5%.

  • The rupee weakened in afternoon trades due to dollar demand from oil importers. At 3:40PM, the partially convertible rupee was trading at 61.88 per dollar against the yesterday's close of 61.55 on the Interbank Foreign Exchange.

  • Globally, European stocks rose for a fourth day amid optimism that Senate leaders will forge a deal to reopen the US government and avoid a breach of the debt limit. US index futures were little changed, while Asian shares advanced.

  • All our markets will remain closed tomorrow on account of 'Id-ul-fitr'.

NIFTY 3-Month

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