Sensex rangebound ahead of CPI & IIP data Analysis for Sep 12, 2014

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The key domestic benchmark index, Sensex was trading in a narrow range with a positive bias supported by gains in index heavyweights including Maruti, ITC, Bharti Airtel, Bajaj Auto, SSLT, Hindustan Unilever and TCS among others. Tracking the momentum, the 50-share Nifty index was trading in a range but below its crucial psychological level of 8100, supported by gains in consumer durable, oil & gas, realty and FMCG stocks. Further, the investors will remain cautious ahead of industrial output and inflation data due today. India"s industrial output may have grown by 1.8 per cent in July 2014 from the same month a year ago, down from an annual 3.4 per cent rise in June 2014, signaling a slowdown in Asia"s third biggest economy. However, consumer inflation may have cooled last month, supporting sentiment.

At 10:08AM BSE SENSEX was at 27028.14, up by 32.27 points or by 0.12 per cent, while the NSE Nifty was at 8096.45, up by 10.75 points or by 0.13 per cent.

The BSE MIDCAP was at 9988.25, up by 24.74 points or by 0.25per cent, while the BSE SMLCAP was at 11158.68, up by 47.76 points or by 0.43 per cent.

The BSE Sensex touched an intraday high of 27065.02 and an intraday low of 26997.33, while the NSE Nifty touched an intraday high of 8102.95 and an intraday low of 8084.8.

The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 2948.00,+1.07%), ITC Ltd. (Rs. 354.50,+1.01%), Oil And Natural Gas Corporation Ltd. (Rs. 432.80,+0.80%), Bharti Airtel Ltd. (Rs. 408.70,+0.75%), GAIL (India) Ltd. (Rs. 462.70,+0.75%), among others.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 794.10,-3.49%), Wipro Ltd. (Rs. 569.50,-0.84%), Tata Power Company Ltd. (Rs. 90.25,-0.72%), Axis Bank Ltd. (Rs. 416.00,-0.55%), ICICI Bank Ltd. (Rs. 1558.50,-0.47%), among others.

Among the sectors, In BSE, BSE_CDS index was at 9716.93 up by 83.69 points or by 0.87%. VIP Industries Ltd. (Rs. 106.85,+2.15%), Titan Company Ltd. (Rs. 388.75,+1.75%), Rajesh Exports Ltd. (Rs. 155.85,+0.74%), Symphony Ltd. (Rs. 1477.20,+0.53%), TTK Prestige Ltd. (Rs. 4485.00,+0.53%),.On the flip side, In BSE, BSE_Bankex index was at 18523.08 down by -29.49 points or by -0.16%. Federal Bank Ltd. (Rs. 127.25,-0.74%), Bank of Baroda (Rs. 917.25,-0.70%), Axis Bank Ltd. (Rs. 416.00,-0.55%), Canara Bank (Rs. 406.50,-0.49%), ICICI Bank Ltd. (Rs. 1558.50,-0.47%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2245 , shares advanced were 1364 while 798 shares declined and 83 were unchanged.

Story first published: Friday, September 12, 2014, 10:48 [IST]
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