MARKET NEWS

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 !

मैया है मेरी शेरोवाली शान है माँ की बड़ी निराली सच्चा है माँ का दरबार मैया का जबाव नही......

Nifty Weekly Range For The Week 07TH OCT -- 11TH OCT 5765 -- 6060, Either Side Sustaining Will Give More 90 Points More, High 6107.60, Low 5825.85, Closed 6096.20.

IT, banking stocks lead rally

A strong beginning to the earnings season, with IT major Infosys raising its revenue guidance for the full year, gains in rupee against the dollar and provisional data showing that foreign funds remained net buyers of Indian stocks on Thursday, 10 October 2013, cheered bulls as the barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit three-week high. Stock prices, however, underwent intraday volatility. The barometer index, the S&P BSE Sensex, was provisionally up 234.24 points or 1.16%, up 139.09 points from the day's low and off 52.54 points from the day's high. The market breadth, indicating the overall health of the market, was positive. The market sentiment was boosted by Gains in European and Asian stocks triggered by hopes that US lawmakers will lift the debt limit and avoid a default aided rally on the domestic bourses.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,334 shares gained and 1,132 shares fell. A total of 162 shares were unchanged.

The total turnover on BSE amounted to Rs 2120 crore, higher than Rs 1902 crore on Thursday, 10 October 2013.

Among the 30-share Sensex pack, 20 stocks gained and rest of them declined.

Metal stocks edged lower. Sesa Sterlite (down 2.11%), NMDC (down %), Tata Steel (down 0.06%), Sail (down 1.96%), JSW Steel (down 1.09%), Hindalco Industries (down 2.82%) and Hindustan Zinc (down 2.34%), edged lower. But, Jindal Steel & Power rose 0.56%.

Coal India lost 4.01% to Rs 282.20. As per recent media reports, the government is likely to dilute 5% stake in the company via follow-on public offer in December 2013.