Mid-Market- Sensex lackluster ahead of Fed policy outcome Analysis for Jun 19, 2013

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The key domestic benchmarks were trading in the red in noon trade as investors exercised caution ahead of the FOMC policy outcome later today amid speculation that the US central bank may signal scaling back QE over the coming months. Investors fear that a reducing in US stimulus may weigh on FII inflows, dragging the rupee even lower, delaying rate cuts by the RBI. Business sentiment in India fell to the weakest level in more than three years this quarter, raising further concerns over the health of Asia"s third biggest economy. Most Asian markets were trading lower on caution ahead of Fed decision.

At 12:10PM, the BSE SENSEX was at 19,181.39, down by 41.89 points or by 0.22 per cent, and then NSE Nifty was at 5,805.1, down by 8.5 points or by 0.15 per cent.

The BSE Sensex touched intraday high of 19,234.48 and intraday low of 19,100.13. The NSE Nifty touched intraday high of 5,809.25 and intraday low of 5,777.9.

Meanwhile, the BSE MIDCAP was at 6,237.52, up by 34.43 points or by 0.56 per cent, while the BSE SMLCAP was at 5,832.48, up by 22.95 points or by 0.40 per cent.

On the Sectoral front, Auto and PSU shed 0.56 per cent and 0.53 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 2099, shares advanced were 1040 while 930 shares declined and 129 were unchanged.

The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 298.50,-1.52%), NTPC Ltd. (Rs. 144.80,-1.50%), Tata Motors Ltd. (Rs. 293.10,-1.35%), Dr. Reddy's Laboratories Ltd. (Rs. 2105.00,-1.27%), Oil And Natural Gas Corporation Ltd. (Rs. 304.55,-1.10%), among others.

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Story first published: Wednesday, June 19, 2013, 12:36 [IST]
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