Sensex remains subdued amid profit booking Analysis for Sep 11, 2013

Posted By: Religare
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The 30-share benchmark index continued to trade in the negative terrain during the late noon trading session amid profit booking by index heavyweights like Tata Motors, ONGC, HUL, ITC, ICICI Bank and Bharti Airtel among others.

At 1:19PM, BSE SENSEX was at 19823.3, down by 173.79 points or by 0.87 per cent and while the NSE Nifty was at 5842.2, down by 54.55 points or by 0.93 per cent.

On the other hand, some positive buying was observed in Hindalco, Tata Steel, Sesa Goa, SBI, Maruti and Sun Pharma among others.

Meanwhile, it was a volatile session for currency. The rupee recovered losses as exporters sold dollars but weakness in equities and likely dollar demand from foreign banks and importers kept check on the gains.

The BSE Sensex touched an intraday high of 20055.53 and an intraday low of 19777.63, while the NSE Nifty touched an intraday high of 5913.45 and an intraday low of 5832.7.

The BSE MIDCAP was at 5576.08, up by 50.57 points or by 0.92 per cent, while the BSE SMLCAP was at 5427.48, up by 24.67 points or by 0.46 per cent.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 113.40,+3.00%), Tata Steel Ltd. (Rs. 306.30,+1.85%), Sesa Goa Ltd. (Rs. 189.45,+1.58%), Maruti Suzuki India Ltd. (Rs. 1358.20,+1.50%), State Bank of India (Rs. 1651.85,+1.25%), among others.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 338.75,-2.99%), Hindustan Unilever Ltd. (Rs. 638.00,-2.52%), Bharti Airtel Ltd. (Rs. 331.10,-2.36%), Housing Development Finance Corporation Ltd. (Rs. 793.15,-1.95%), Oil And Natural Gas Corporation Ltd. (Rs. 286.55,-1.90%), among others.

On the sectoral front, some positive buying was seen in metal, realty, capital goods and healthcare sectors, while sectors such as consumer durables, FMCG, oil & gas, power and banking were losing sheen on BSE.

The Market breadth, indicating the overall health of the market, was positive. On BSE out of total 2320 shares traded, 1154 shares advanced, 1021 shares declined while 145 remained unchanged.

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Story first published: Wednesday, September 11, 2013, 13:36 [IST]
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