Mid-Market—Sensex, Nifty flat amid concerns over Fed tapering Analysis for Sep 13, 2013

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Indian markets were lacklustre for the third consecutive day today as investors across Asia amid rising speculations that US Fed will start tapering with its quantitative easing very soon and may announce the same at its upcoming meeting next week. The concerns also weighed upon rupee which extended fall for the second day today, breaching the 64/USD mark. Meanwhile, the benchmark indices Sensex and Nifty remained volatile and were almost unchanged during the mid-session while broader markets outperformed. Heavyweight stocks like Infosys, ITC, Wipro, HDFC, HDFC Bank, were among the prominent losers on Sensex today.

At 12:35PM BSE SENSEX was at 19783.19 up by 1.31 points or by 0.01 per cent while NSE Nifty was at 5862.1 up by 11.4 points or by 0.19 per cent.

The BSE MIDCAP was at 5620.68 up by 23.7 points or by 0.42 per cent, while the BSE SMLCAP was at 5506.94 up by 30.4 points or by 0.56 per cent.

The top gainers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 141.85,+5.23%), Coal India Ltd. (Rs. 291.50,+2.32%), Hero MotoCorp Ltd. (Rs. 2057.00,+2.30%), Larsen & Toubro Ltd. (Rs. 830.40,+2.05%), Mahindra & Mahindra Ltd. (Rs. 829.55,+2.01%), among others.

The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 455.40,-3.60%), Bharti Airtel Ltd. (Rs. 321.15,-2.39%), Tata Steel Ltd. (Rs. 298.15,-1.58%), Infosys Ltd. (Rs. 3023.70,-1.32%), Housing Development Finance Corporation Ltd. (Rs. 808.70,-0.86%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2250, shares advanced were 1209 while 914 shares declined and 127 were unchanged.

In BSE, BSE_CGS index was at 8005.88 up by 145.23 points or by 1.85%. Bharat Heavy Electricals Ltd. (Rs. 141.85,+5.23%), Crompton Greaves Ltd. (Rs. 91.00,+3.23%), Larsen & Toubro Ltd. (Rs. 830.40,+2.05%), Suzlon Energy Ltd. (Rs. 6.77,+1.96%), Siemens Ltd. (Rs. 478.80,+1.56%),.

In BSE, BSE Power index was at 1504.51 up by 26.37 points or by 1.78%. Jaiprakash Power Ventures Ltd. (Rs. 16.62,+6.81%), NHPC Ltd. (Rs. 18.75,+5.93%), Bharat Heavy Electricals Ltd. (Rs. 141.85,+5.23%), Adani Power Ltd. (Rs. 36.10,+3.29%), Crompton Greaves Ltd. (Rs. 91.00,+3.23%),.

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Story first published: Friday, September 13, 2013, 12:48 [IST]
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