Rupee rose after the new Governor Raghuram Rajan plans to stabilize rupee!

Key benchmark indices held firm in mid-morning trade. The barometer index, the S&P BSE Sensex, was currently below the psychological 19,000 mark, after regaining that mark in early trade. The market breadth, indicating the overall health of the market, was strong. Indian stocks surged and the rupee rose today, 5 September 2013, after the new central bank Governor Raghuram Rajan announced plans late on Wednesday to bolster the financial industry and stabilize the rupee. Realty stocks rose on renewed buying. Auto stocks also participated in the rally.

IMF Chief Economist Raghuram Rajan at the Worl...

IMF Chief Economist Raghuram Rajan at the World Economic Outlook press conference.WEO Press Conference, Washington DC, IMF Headquarters (Photo credit: Wikipedia)

Who Moved and Why

1) Zee Entertainment gains after two bulk deals
2) Sobha Developers jumps on bargain hunting
3) Jain Irrigation gains after two block deals
4) PSU OMCs firm up after crude oil declines
5) Tourism Finance Corp tumbles ex-dividend
6) IT shares tumble after rupee firms up
7) Hanung Toys spurts 10.1% in 2 days
8) Banks in demand
9) Ipca Lab scales record high
10) Axis Bank jumps after RBI removes FII stock purchase curbs

Read detail analysis report here: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/3rd_Jan_Mid%20Session%20Update.pdf

Also visit:- http://www.allvoices.com/users/rrfinance

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