Investors’ sentiments got a boost with the core industries growing at 11 months high at 8% in September
against 3.7% growth in the previous month, on account of good performance by crude oil, steel and electricity sector. FIIs were net buyers for the 18th straight day during the month of October. FIIs have pumped more than Rs 86,000 crore in Indian stocks during 2013. On sectoral front, PSU banks continued to trade higher after some selected banks reported better-than-expected earnings for the quarter ended September 2013. Auto shares firmed up on expectation of higher sales growth in October. Tata Motors, M&M and Maruti Suzuki were trading up by over 0.80% on BSE. Asian markets were trading mixed, Nifty and Sensex were trading above their psychological 6,300 and 21,200 levels respectively. The market breadth on BSE was positive with 1,204 stocks advanced while 749 stocks declined on the BSE.
The broader indices were trading in green; the BSE Mid cap index was up by 1.26%, while Small cap index
gained 0.95%. From A group stocks, Bharti Airtel, Bhushan steel, CESC, Hero Motocorp, Motherson Sumi, MRF, and Sesa Sterlite & Tata Comm made 52 week high during intraday trades today.
Sensex is currently trading at 21182 up by 17 points while Nifty is trading at 6315 up 17 points.
against 3.7% growth in the previous month, on account of good performance by crude oil, steel and electricity sector. FIIs were net buyers for the 18th straight day during the month of October. FIIs have pumped more than Rs 86,000 crore in Indian stocks during 2013. On sectoral front, PSU banks continued to trade higher after some selected banks reported better-than-expected earnings for the quarter ended September 2013. Auto shares firmed up on expectation of higher sales growth in October. Tata Motors, M&M and Maruti Suzuki were trading up by over 0.80% on BSE. Asian markets were trading mixed, Nifty and Sensex were trading above their psychological 6,300 and 21,200 levels respectively. The market breadth on BSE was positive with 1,204 stocks advanced while 749 stocks declined on the BSE.
The broader indices were trading in green; the BSE Mid cap index was up by 1.26%, while Small cap index
gained 0.95%. From A group stocks, Bharti Airtel, Bhushan steel, CESC, Hero Motocorp, Motherson Sumi, MRF, and Sesa Sterlite & Tata Comm made 52 week high during intraday trades today.
Sensex is currently trading at 21182 up by 17 points while Nifty is trading at 6315 up 17 points.
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