Sensex continues upward journey
20/05/2014 09:23
The key domestic benchmarks opened on a robust note today with the Sensex up by over 190 points led by gains in power and FMCG stocks as the Modi wave continued to sweep Dalal Street with investors hoping that the new BJP government led by Narendra Modi may undertake key reforms and spur growth in Asia’s third biggest economy. A bullish trend in Asian markets also supported sentiment as stocks in China and Japan rose while all eyes are on the FOMC minutes to be released tomorrow.
At 9:06AM BSE SENSEX was at 24555.31 up by 192.26 points or by 0.79 per cent and then NSE Nifty was at 7,263.55, up by 60.55 points or by 0.84 per cent.
The BSE MIDCAP was at 8,157.71 up by 66.44 points or by 0.82 per cent, while the BSE SMLCAP was at 8,408 up by 63.3 points or by 0.76 per cent.
The BSE Sensex touched intraday high of 24,555.31 and intraday low of 24,555.31 The NSE Nifty touched intraday high of 7,291.1 and intraday low of 7,193.55.
Meanwhile, on the Sectoral front, Power and FMCG advanced 1.64 per cent and 1.30 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 549, shares advanced were 476 while 56 shares declined and 17 were unchanged.
The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 150.00,+3.09%), Tata Power Company Ltd. (Rs. 99.95,+2.20%), Hindalco Industries Ltd. (Rs. 155.00,+1.94%), Maruti Suzuki India Ltd. (Rs. 2256.00,+1.89%), HDFC Bank Ltd. (Rs. 827.00,+1.87%), among others.
20/05/2014 09:23
The key domestic benchmarks opened on a robust note today with the Sensex up by over 190 points led by gains in power and FMCG stocks as the Modi wave continued to sweep Dalal Street with investors hoping that the new BJP government led by Narendra Modi may undertake key reforms and spur growth in Asia’s third biggest economy. A bullish trend in Asian markets also supported sentiment as stocks in China and Japan rose while all eyes are on the FOMC minutes to be released tomorrow.
At 9:06AM BSE SENSEX was at 24555.31 up by 192.26 points or by 0.79 per cent and then NSE Nifty was at 7,263.55, up by 60.55 points or by 0.84 per cent.
The BSE MIDCAP was at 8,157.71 up by 66.44 points or by 0.82 per cent, while the BSE SMLCAP was at 8,408 up by 63.3 points or by 0.76 per cent.
The BSE Sensex touched intraday high of 24,555.31 and intraday low of 24,555.31 The NSE Nifty touched intraday high of 7,291.1 and intraday low of 7,193.55.
Meanwhile, on the Sectoral front, Power and FMCG advanced 1.64 per cent and 1.30 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 549, shares advanced were 476 while 56 shares declined and 17 were unchanged.
The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 150.00,+3.09%), Tata Power Company Ltd. (Rs. 99.95,+2.20%), Hindalco Industries Ltd. (Rs. 155.00,+1.94%), Maruti Suzuki India Ltd. (Rs. 2256.00,+1.89%), HDFC Bank Ltd. (Rs. 827.00,+1.87%), among others.
