16 Sept 2010 Closing Market Updates

16 Sept 2010 Closing Market Updates  15:31


A volatile session ended with negative ground first time after 3rd Sept. Nifty ended at 5831.30 with 29.65 points dip whereas Sensex ended with 66.92 points down at 19435.19. 
Among BSE Sectoral indices,Realty index gained the most with 1.22% while IT index dipped the most by 2.29%
In Nifty50 stocks, Suzlon gained the most with 2.90% and ended at 53.15 whereas IT major Infosys plunged the most by 2.98% and ended at 2961.90
SBI was the turnover topper by valuations whereas Suzlon by the number of trades.
Market breadth was negative as 988 stocks declined and 366 stocks gained today on NSE.

Today,The Reserve Bank of India (RBI) raised interest rates more aggressively than expected on Thursday, keeping up its fight against inflation that is slowly easing but still well above its comfort level.
The Reserve Bank of India of India lifted the repo rate, at which it lends to banks, by 25 basis points to 6 percent and raised the reverse repo rate, used to absorb excess cash, by 50 basis points to 5 percent.


Similarly, India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.








In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.