Tuesday, September 10, 2013

Biggest rise in Sensex since May, 2009, Hit 20000 mark.

Depreciating US $ against INR changed the sentiment and  cherished as
Trade deficit in August dropped to USD 10.91 billion from USD 12.27 billion in previous month; imports declined to USD 37.05 billion from USD 38.10 billion while exports increased to USD 26.14 billion from USD 25.83 billion during the same period.
Sensex hit 20k mark 1st time after 25th July, 2013. Jumped 727.04 points to close at 19997.1. Broad based Nifty50 closed at 5896.75 with a whopping 216.35 points' gain in a single day. All 18 NSE Sectoral indices closed into positive. CNX Auto gained the most by 5.98%. In Nifty50 stocks, Tatamotors gained the most by 9.82% and closed at 349 whereas NMDC was the top loser by 2.27%, closed at 118.4.
JPAssociat was the turnover topper by the traded quantity and Infy by the traded value. 
Advance/Decline ratio was positive 3.25 : 1 as 683 stocks gained and 210 declined today on NSE.


Highest single day gain for Sensex :

Date Points
   
18-May-09 2,110.79 points
25-Jan-08 1,139.92 points
25-Mar-08 928 points
14-Nov-07 893.58 points
23-Oct-07 878.85 points
23-Jan-08 864.13 points
23-Jul-08 838.08 points
31-Oct-08 743.55 points
4-May-09 731 points
10-Sep-13 727.04 points


Nifty Outlook :

Nifty has crossed its resistance of 5810 and closed 86 points above. Now, Nifty should test further resistance of 5990. Crossing 5990 and sustaining above the level will allow to speak about new North-side levels.

Immediate Support : 5810
Immediate Resistance : 5990

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