Sat, Aug 24, 2013 at 16:54
The market closed with another 200 points gains Friday on top of previous day's 407 points rally, led by further short covering. The Sensex rallied 206.50 points or 1.13 percent to close at 18519.44, which gained more than 600 points in two days after falling nearly 1500 points in previous four sessions. The Nifty rose 63.30 points or 1.17 percent to finish at 5471.75, helped by oil & gas, private banks, capital goods and metals stocks.For the week, the Sensex lost 0.4 percent and Nifty fell 0.65 percent.
The Indian currency managed to pullback 135 paise in trade on Friday to end the day at 63.20 against the US dollar. Most of the dealers believe this was due to RBI intervention in the last 30 minutes of trade. For the week the rupee has depreciated 2.5 percent against the dollar but it would have been much worse if not for a sharp recovery.
Meanwhile, the Federal Reserve is in focus yet again, with officials meeting for an annual symposium in Jackson Hole. Fed chairman Ben Bernanke will not be present at Jackson Hole symposium. However traders will still listen for any indication of when the central bank might start tapering its asset purchases.
So, here are the stocks that will keep traders busy on Monday.
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