Market surges as rupee strengthens!

Key benchmark indices surged as a strengthening rupee boosted sentiment. The rupee strengthened against the dollar after Foreign Minister Salman Khurshid said in an interview to a business channel that the oil minister will on 16 September 2013 announce plans for lowering fuel consumption. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 290.30 points up at 19270.06 & The CNX Nifty closed 87.45 points up at 5680.40.

BSE, Dalal Street

BSE, Dalal Street (Photo credit: zadeus)

Who Moved and Why

1) Pipavav Defence slumps over 38% in 16 sessions
2) M&M Financial gains on signing MoU with Korean financial firm
3) Oil firms gain after Salman Khurshid’s comment
4) HOEC spurts as oil ministry approves commerciality of hydrocarbon in a block
5) Telecom stocks jump ahead of spectrum price meet
6) Volumes jump at VST Industries counter
7) Titan Industries drops after two bulk deals
8) MCX soars over 91% in 15 sessions

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