Bullish rally witnessed in Indian Market in September

September was a good month for Indian market. Almost all the trading days in September Indian markets closed in green. In September there were long weekends but this didn't affect the investor sentiment. On the last day of September sensex touched 17,000 mark after a huge gap of 16 months. Nifty also witnessed huge buying interest and it crossed 5000 mark. FIIs and DIIS are very much interested in buying Indian stocks. In the initial days of September global news played key role in shaping the future of Indian market. FIIs activity was largely concentrated in the indices stocks. During the second half of September small scale investors kept a distance from Indian market and they were very cautious. Compared to index stocks less buying interest was witnessed in midcap and smallcap stocks. On the first trading day of October market witnessed choppiness and closed in a flat note ahead of long weekend.

Sensex closed at 17127 on the last trading day of September. It surged 9.32 percent from it's August closing. Nifty was up by 422 points and closed at 5084 against August closing. Sensex opened at 15691 in September and it's low for the month was 15357. During September four companies listed in NSE including public sector companies NHPC and Oil India. Oil India listing was a great hit since it surged by over Rs 100. During September world observed the first anniversary of Global Financial Crisis. Indian bourses though less affected than other major indices in the world made it clear that it is well it it's track towards glory. As a result FII inflow to Indian market witnessed a major boost.

All category stocks witnessed an upward trend. Banking stocks were the major gainers. Banking index of BSE recorded a gain of 18 percent against last month. Metal stocks marked 14 percent increase. Health care and Auto stocks were also hot picks among investors, both gained 13 percent. Reality and Power stocks were less favorite. Small cap stocks were up by 8.47 percent where as Midcap stocks witnessed 7.5 percent increase in September.

Equity oriented mutual funds also improved their performance. China and monsoon factor were less effective during the month. It is believed that retail activity was also low during the period. Profit booking didn't take place much in September. Investors expect a profit booking or correction in the market in the short term.

Going ahead midcap and smallcap spaces are left vacant for investors. Some profit booking may take place in the coming days. It will be beneficial for the investor to use every opportunity. Milk every opportunity should be the motto of the investor.