The barometer index, the S&P BSE Sensex was up 93.65 points or 0.37% at 25,703.86. The 50-unit CNX Nifty was up 26.45 points or 0.34% at 7,815.75. Broad market depicted strength. There were two gainers against every loser on BSE. 1,231 shares rose and 613 shares declined. A total of 52 shares were unchanged. The BSE Mid-Cap index was up 1.03%. The BSE Small-Cap index was up 0.77%. Both these indices outperformed the Sensex.
In overseas markets, Chinese stocks led losses for Asian markets as data over the weekend showed growth in China’s investment and factory output missed forecasts in August, pointing to a further cooling in the world’s second-largest economy. China’s Shanghai Composite index was off 3.2%. US stocks ended modestly higher on Friday, 11 September 2015, ahead of the key Federal Reserve meeting. The Fed’s policy-making committee holds a two-day meeting on 16 and 17 September 2015.
Back home, in sector trends, capital goods stocks were mixed. Siemens (up 0.62%), Havells India (up 0.62%), Crompton Greaves (up 1.89%), Alstom T&D India (up 0.52%), ABB India (up 0.23%), Suzlon Energy (up 0.91%) and Bharat Heavy Electricals (up 0.14%) edged higher. Thermax (down 0.38%), L&T (down 0.07%), Beml (down 0.34%) and Bharat Electronics (down 3.15%) edged lower.
Telecom stocks gained. Tata Teleservices (Maharashtra) (up 1.57%), Mahanagar Telephone Nigam (up 0.97%), Reliance Communications (up 0.77%) and Idea Cellular (up 0.27%) edged higher. Bharti Airtel (down 0.3%) edged lower.
Among individual stocks, Maruti Suzuki India (MSIL) was up 0.03% at Rs 4,318.70. The stock hit a high of Rs 4,333.70 and a low of Rs 4,287.35 so far during the day. MSIL on Saturday, 12 September 2015,
Dr Reddy’s Laboratories (DRL) was up 0.12% at Rs 4,010. DRL during market hours today, 14 September 2015.
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