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Friday, October 4, 2013

MARKET BUZZZZZ


लाल रंग की चुनरी से सजा माँ का दरबार; हर्षित हुआ संसार !
नन्हें नन्हें क़दमों से, माँ आये आपके द्वार; मुबारक हो आपको नवरात्री का त्योहार ! शुभ नवरात्री !

Auto, metal stocks in demand

Key benchmark indices edged higher in the week gone by as the rupee extended its recovery against the dollar since hitting record low in late August 2013. Shares from auto and metal sectors were in demand on renewed buying. FMCG pivotals declined. The S&P BSE Mid-Cap and the S&P BSE Small-Cap indices outperformed the Sensex during the week.

In the foreign exchange market, the rupee strengthened against the dollar. The partially convertible rupee was hovering at 61.41 on Friday, 4 October 2013, stronger than its close of 62.51/52 on Friday, 27 September 2013 and an all time low of 68.85 hit on 28 August 2013.

Sensex closes flat, Nifty holds 5900; Q2 earnings eye


“From a near-term perspective, we are keeping the range bound kind of view on the market, but we are quite optimistic on the long-term, because economy seems to be in the bottoming out process,” says Swati Kulkarni, Vice President and Fund Manager, UTI Mutual Fund.

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