Sensex falls, IT stocks may rally, Re sees best week in 15 months


Dated:13 September,2013

Sensex falls 49 points on growth, monetary policy concerns
Sensex on Friday fell 49 points to close at 19,732.76 as Prime Minister's key advisor slashed the GDP growth forecast for this fiscal.

Where's Sensex headed? It's September the 18th for Dalal St
Traders say the big picture is still whether the Federal will begin to scale back stimulus at next week's policy meeting and by how much.

IT stocks can rally another 15-20% despite rising rupee
The BSE IT Index has rallied nearly 40 per cent as compared to nearly 2 per cent rise in the S&P BSE Sensex in the same period.


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Market Round-up
SENSEX 19732.76 -49.12
NIFTY 5850.60 -.10
S&P500 1,682.32 10.61
NASDAQ 3,726.90 20.72
USD/INR 63.5972 -.13
USD/INR 63.5972 -.13
NSE Gainers
Scrip Price(Rs.) %Change

42.65 + 19.97

5.90 + 19.19

11.50 + 17.95

23.00 + 16.75

70.25 + 16.69
NSE Losers
Scrip Price(Rs.) %Change

44.00 -19.93

33.05 -10.92

4.20 -9.68

4.75 -9.52

60.25 -9.40