Mid-Market—Sensex, Nifty stay positive but off day"s low Analysis for Aug 26, 2013

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Indian markets remained in the positive terrain, although off day"s high levels, as investors booked profits after two consecutive days of gains. IT, Tech, Healthcare, Power and FMCG stocks remained upbeat while rate sensitive and oil & gas stocks remained under pressure as rupee resumed downfall. The Indian rupee resumed the southward journey again on Monday and breached the psychological 64 per US dollar mark again as demand for the US currency among importers and banks rose due to month-end payments.

At 12:36PM BSE SENSEX was at 18639.13 up by 119.69 points or by 0.65 per cent while NSE Nifty was at 5498.25 up by 26.5 points or by 0.48 per cent.

The BSE MIDCAP was at 5398.01 up by 39.26 points or by 0.73 per cent, while the BSE SMLCAP was at 5290.36 up by 42.85 points or by 0.82 per cent.

The top gainers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs. 90.80,+3.48%), Dr. Reddy's Laboratories Ltd. (Rs. 2180.95,+2.99%), Bharat Heavy Electricals Ltd. (Rs. 119.40,+2.84%), Wipro Ltd. (Rs. 460.30,+2.65%), Coal India Ltd. (Rs. 276.35,+2.43%), among others.

The top losers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 296.45,-2.72%), Tata Steel Ltd. (Rs. 275.80,-2.29%), ICICI Bank Ltd. (Rs. 833.30,-2.23%), Oil And Natural Gas Corporation Ltd. (Rs. 271.15,-1.95%), Tata Motors Ltd. (Rs. 296.75,-1.38%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2169, shares advanced were 1188 while 849 shares declined and 132 were unchanged.

In BSE, BSE_IT index was at 7675.84 up by 131.09 points or by 1.74%. Financial Technologies (India) Ltd. (Rs. 147.35,+9.76%), Hexaware Technologies Ltd. (Rs. 128.75,+6.63%), Wipro Ltd. (Rs. 460.30,+2.65%), Tata Consultancy Services Ltd. (Rs. 1864.00,+1.96%), Mahindra & Mahindra Ltd. (Rs. 1393.05,+1.91%),.

In BSE, BSE_HCS index was at 8803.93 up by 143.37 points or by 1.66%. Wockhardt Ltd. (Rs. 468.95,+4.99%), Ranbaxy Laboratories Ltd. (Rs. 397.85,+3.34%), Dr. Reddy's Laboratories Ltd. (Rs. 2180.95,+2.99%), Sun Pharmaceutical Industries Ltd. (Rs. 519.30,+2.38%), Strides Arcolab Ltd. (Rs. 821.85,+2.32%),.

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Story first published: Monday, August 26, 2013, 13:00 [IST]
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