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| November 19, 2013 | 5:30 PM
| Rangebound markets settle in green terrain; Nifty ends above 6200
Indian shares rose for a third consecutive session to their highest closing levels in nearly two weeks on Tuesday, as a rally in debt markets boosted banks, the biggest holders of bonds, while broader sentiment remained underpinned by global factors. The BSE Sensex rose 0.19% and the Nifty was up by 0.23% |
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| Major headlines |
| | | Indian indices
Key benchmark share indices ended flat on Tuesday, amid a range bound trading session, tracking weakness in Asia and Europe. Key Asian share indices ended lower while European share were trading weak.
After clocking its biggest single-day gains in one month the Indian stock markets opened marginally higher amidst subdued global cues. Markets remained in the green zone on account of positive Asian cues and buying in heavyweights like ICICI Bank, L&T, RIL and Infosys. However, the benchmark indices turned volatile in a narrow range with Sensex and Nifty swinging between negative and positive zone.
The Sensex rose to an intraday high of 20,934.40 while the 50-share Nifty crossed 6200 mark to hit day's high of 6212.40. Broader markets remained firm with the Midcap Index up 0.46% and the Smallcap Index gained 0.32%.
On currency front, the Indian rupee rose by 29 paise to as high as 62.12 to the dollar at the interbank foreign exchange. The rupee gained past 62 to a dollar to a near two-week high on Tuesday on heavy selling by foreign banks on behalf of their overseas clients.
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INDEX PERFORMANCE |  |
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| MARKET INDICATORS |
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| Adani Enterprises |
242.85 | -2.98
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| Torrent Power |
104.65 | -2.79
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The Sensex closed at 20,890.82, up by 40.08 points, while the Nifty rose by 14.35 points to close at 6,203.35.
Following are the stocks/sectors which were in news today:
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Jet Airways gained 3.27%, on reports that the board of directors of the company will meet tomorrow to finalise the preferential allotment of 24% equity to Etihad Airways.
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Financial Technologies jumped 2.07%, after the company said its unit will sell its stake in SMX to ICE Singapore Holdings Pte Ltd for $150 million.
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Sabero Organics Gujarat declined 3.36% after the company has received a letter from GPCB to close production process at its Sarigam unit due to non-compliances of the environmental parameters.
| Market sentiment
The market breadth stood in favor of advances. Of the 2658 stocks traded on the BSE, 1294 (48.68%) rose, 1206 (45.37%) fell and 158 (5.94%) stocks remained unchanged.
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Sectoral & stock screening
Among the 13 sectoral indices nine sectors closed in the green zone, while remaining four sectors closed in the red zone. Top Gainers- S&P BSE Realty up by 1.51%, S&P BSE CG rose by 1.28%, S&P BSE TECk surged by 0.46%. Top Losers- S&P BSE CD down by 0.69%, S&P BSE FMCG fell by 0.45%, S&P BSE HC down by 0.24%.
Among 'A' group stocks, top three gainers - JP Infratech rose by 7.74%, MMTC up by 6.80% and Apollo Tyres up by 6.76%. Top three losers - MCX declined by 3.45%, Adani Enterprises down by 2.98% and Torrent Power fell by 2.79%. |
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Global signals
US stock index futures poised for a flat opening at the Wall Street on Tuesday.
European shares eased on Tuesday, with caution on stocks from U.S. billionaire investor Carl Icahn and a retreat on Wall Street overnight encouraging profit-taking after a rally that took Germany's DAX to a record high.
Asian shares edged to a two-week high on Tuesday, adding to the previous day's hefty gains on China's economic reform plans, while the dollar was hobbled by expectations the U.S. Federal Reserve will keep its stimulus a little longer.
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| Commodity Hit List for 19-11-2013 - Evening session
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| | Support Levels |
LTP |
Resistance Levels | Action |
| S2 |
S1 | R1 |
R2 | |
Gold Cash USD ($) |
1260.0 |
1269.0 | 1275.0
| 1280.0 |
1290.0 |
Buy Above R1/Sell below S1 |
| Gold MCX Dec |
29730.0 |
29900.0 | 29991.0
| 30050.0 |
30200.0 |
Buy Above R1/Sell below S1 | |
Silver Cash USD ($) |
20.0 | 20.2
| 20.3 |
20.4 |
20.6 | Buy Above R1/Sell below S1
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Silver MCX Nov | 44550.0
| 45000.0 |
45130.0 |
45400.0 | 45800.0
| Buy Above R1/Sell below S1 |
| Copper MCX Nov
| 425.0 |
428.5 |
430.6 | 432.5
| 435.5 |
Buy Above R1/Sell below S1 |
| Zinc MCX Nov |
114.0 |
115.0 | 115.6
| 116.1 |
117.2 |
Buy Above R1/Sell below S1 | |
Nickel MCX Nov |
832.0 | 840.0
| 845.2 |
849.0 |
858.0 | Buy Above R1/Sell below S1
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Aluminium MCX Nov | 107.0
| 108.0 |
108.6 |
109.0 | 110.0
| Buy Above R1/Sell below S1 |
| Lead MCX Nov
| 126.5 |
127.5 |
127.9 | 128.4
| 129.5 |
Buy Above R1/Sell below S1 |
| Crude Oil USD ($) |
92.7 |
93.3 | 93.6
| 93.8 |
95.0 |
Buy Above R1/Sell below S1 | |
Crude Oil MCX Nov |
5710.0 | 5760.0
| 5784.0 |
5800.0 |
5840.0 | Buy Above R1/Sell below S1
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Natural Gas MCX Nov | 222.0
| 224.0 |
224.9 |
226.2 | 228.0
| Buy Above R1/Sell below S1 |
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