Monday, September 14, 2009

MARKET OUTLOOK 14 SEP 2009


>>>>ROCKED TODAY
After closing in green for 6-consecutive trading sessions, markets closed in red, though marginally, in today’s trade. Sensex lost 50 points to close at 16214, while Nifty shut shop at 4808, down 21 points. BSE Mid-cap and Small-cap stocks, however, outperformed the benchmark indices after a long time and closed with gains of 0.2% and 0.5% respectively. However, most other Asian markets closed with higher losses. European markets were down about 1%, with banks and commodity stocks leading the fallers. US stock indices futures too were lower by nearly two third of a percent.
Among the BSE sectoral indices, Consumer Durable and Realty indices were down the most, losing 1.1% and 0.8% respectively, while Auto and PSU indices gained the most, putting on 1% and 0.9% respectively. Sterlite Ind. and Hindalco were the top losers among the Sensex stocks, shedding 3.6% and 2.5% respectively, while Tata Steel and Tata Motors added 2.1% and 2% respectively

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