Mid-Market—Sensex, Nifty subdued as profit booking continues ahead of IIP, CPI Analysis for Sep 12, 2013

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Indian markets remained choppy during the mid-session with profit booking continuing for the second consecutive day on Thursday. After hitting the three-week high, rupee snapped its five-day rally and traded around 63.56 against the US dollar. Banking, IT, consumer durables, Metal, and Auto indices were under pressure on BSE. Benchmark indices Sensex and Nifty were down over half-a-percent each due to profit booking in frontline stocks like Infosys, HDFC Bank, TCS, ICICI Bank, RIL, among others. Investors were also cautious ahead of IIP and inflation data today.

At 12:36PM BSE SENSEX was at 19853.84 down by 143.61 points or by 0.72 per cent while NSE Nifty was at 5875.5 down by 37.65 points or by 0.64 per cent.

The BSE MIDCAP was at 5638.56 up by 39.27 points or by 0.7 per cent, while the BSE SMLCAP was at 5514.93 up by 52.16 points or by 0.95 per cent.

The top gainers of the BSE Sensex pack were Tata Power Company Ltd. (Rs. 78.80,+5.77%), GAIL (India) Ltd. (Rs. 310.20,+2.06%), NTPC Ltd. (Rs. 140.10,+1.71%), Dr. Reddy's Laboratories Ltd. (Rs. 2276.75,+1.25%), Cipla Ltd. (Rs. 440.00,+1.23%), among others.

The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2027.55,-2.92%), Oil And Natural Gas Corporation Ltd. (Rs. 281.65,-2.48%), Sesa Goa Ltd. (Rs. 183.80,-2.44%), Coal India Ltd. (Rs. 286.70,-2.20%), ICICI Bank Ltd. (Rs. 949.80,-2.00%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2212, shares advanced were 1164 while 913 shares declined and 135 were unchanged.

In BSE, BSE Realty index was at 1318.64 up by 42.21 points or by 3.31%. Phoenix Mills Ltd. (Rs. 203.25,+5.12%), Oberoi Realty Ltd. (Rs. 174.00,+5.10%), Housing Development & Infrastructure Ltd. (Rs. 43.35,+4.84%), Peninsula Land Ltd. (Rs. 31.90,+4.59%), Unitech Ltd. (Rs. 18.25,+4.58%),.

In BSE, BSE Power index was at 1508.59 up by 21.02 points or by 1.41%. Tata Power Company Ltd. (Rs. 78.70,+5.64%), Suzlon Energy Ltd. (Rs. 6.67,+4.22%), Adani Power Ltd. (Rs. 36.15,+3.88%), Lanco Infratech Ltd. (Rs. 6.33,+3.60%), Reliance Power Ltd. (Rs. 70.90,+3.05%),.

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Story first published: Thursday, September 12, 2013, 13:00 [IST]
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