On December 13, 2010, Indian equity markets showed a rebound led by key index stocks, buoyed by positive global cues and hopes of stable interest rates in China. The BSE Sensex rose by 183 points (+0.94%) and the NSE Nifty gained 50 points (+0.86%), with sectors like metals, real estate, and power performing well, while IT and FMCG stocks faced profit booking. Upcoming announcements on inflation data and the Reserve Bank of India’s policy review are anticipated, amidst ongoing concerns regarding inflation levels.

1. Market Wrap Up
Dec 13, 2010
Indian equity markets have bounced back from the low point of the day during the last leg of trade and traded firm in green led
by the buying in Index heavy weights. Benchmark indices rallied tailing global cues, as the European markets opened in green
for the sixth straight session to a 26-month high as upbeat US and Chinese data has boosted investors' risk appetite and also on
the hopes that Beijing may not raise interest rates soon. Most of the Asian peers traded in green while US future indices were
showing a mixed trend. Back home, broader indices are outperforming their larger peers on the back of across the board
buying. On the sectoral front, stocks from Metal, Realty and Power counters contributed to the upmove, while stocks from
Information Technology, TECk, and Fast Moving Consumer Goods space faced the brunt of profit booking.
The government will announce inflation data for the month of November tomorrow. The rate of inflation stood at 8.58% in
October 2010, marginally lower than 8.62% in September 2010. The Reserve Bank of India (RBI) undertakes a mid-quarter
policy review on Thursday, 16 December 2010. RBI governor D Subbarao recently expressed discomfort with the current levels
of inflation. Inflation is coming down but still above the Reserve Bank's tolerance level; growth on the other hand has been
encouraging.
The BSE 30-share Sensex was up 183 points or +0.94% at 19692 while NSE 50-share Nifty ended the day at 5907 up 50 points or
+0.86%.
Stocks Performance Top Sensex Gainers:
Reliance Infra (+3.9%),
Banking Stocks: Yes Bank (+4.7%), Bank of India (+3.4%), Union Bank (+3%) HDFC (+3.6%),
Banking stocks recovered from a recent steep slide triggered by worries higher cost of Hindalco Ind. (+3.2%)
funds will hit net interest margins.
Top 3 Sensex Losers:
Metal Stocks: JSW Steel (+8.2%), Welcorp (+6.1%), Hindalco (+3.2%) ITC (-1.7%),
Metal stocks rose in volatile trade on expectations of higher demand for commodities M&M (-1.3%),
after recent economic data boosted hopes of possible economic recovery in the US. Hero Honda (-0.7%)
Pharma Stocks: Orchid Chem (+7.6%), Aurobindo (+4.5%), Cipla (+2.4%) Top 3 Sectoral Gainers:
Pharmaceutical companies were in the limelight after the European Union and India REALTY (+2.8%),
resolved a dispute over generic drugs. METAL (+2.1%),
POWER (+2.1%)
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