REASONS FOR UPTREND IN MARKET TODAY 14-09-18

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The equity markets settled 1 per cent higher on Friday as the rupee recovered against the dollar.The S&P BSE Sensex reclaimed the 38,000 mark to end at 38,091, up 373 points while the broader Nifty50 index settled at 11,515, up 145 points.In the broader markets, the S&P BSE MidCap settled 1.6 per cent higher and the S&P BSE SmallCap rose 1.4 per cent.Among sectoral indices, the Nifty Pharma index settled 2.5 per cent higher led by a rise in the share prices of Divi's Laboratories and Piramal Enterprises. On the other hand, the Nifty Bank index rose 1.3 per cent led by YES Bank and IDFC Bank. "Ease in inflation and recovery in rupee added optimism in the market. Stability in yield and rupee will be crucial for the market momentum while investors have continued to stay cautious due to global triggers. The global peers also traded on a positive note in expectation of ease in trade tensions between US & China.
A slew of encouraging macro numbers brought cheer to the investors on Dalal Street. The headline inflation (CPI) data cooled off to a 10-month low of 3.69 per cent in August, while the wholsesale price inflation (WPI) eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetables..Shares rose around the world on Friday as expectations grew that the United States (US) and China would open new trade talks, while an interest rate hike in Turkey supported the Turkish lira and global risk appetite.

TOP GAINERS:BPCL,HINDPETRO,VEDL

MAJORLOOSERS: INFY,GAIL,COALINDIA