Sensex opens higher on robust Asian cues
22/05/2014 09:16
After snapping a steller rally amid the political change in Asia’s third biggest economy, on Wednesday, the key domestic benchmarks opened higher today as robust cues from Asian markets boosted sentiment. An easing contraction in China’s factories in the month of May tempered concerns over a slowdown in the world’s second biggest economy while the US FOMC minutes showed that there was muted risk of inflation from continued US stimulus. The Sensex was trading higher by over 100 points led by a surge in consumer durable stocks.
At 9:08AM BSE SENSEX was at 24,411.93, up by 113.91 points or by 0.47 per cent, and the NSE Nifty was at 7,252.9, down by 22.6 points or by 0.31 per cent.
The BSE Sensex touched intraday high of 24,411.93 and intraday low of 24,411.93 The NSE Nifty touched intraday high of 7,287.15 and intraday low of 7,206.7.
Meanwhile, the BSE MIDCAP was at 8,399.3, up by 56.94 points or by 0.68 per cent, while the BSE SMLCAP was at 8,828.4, up by 70.12 points or by 0.8 per cent.
On the Sectoral front, consumer durables and realty were up 7 per cent and 1.1 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 608, shares advanced were 548 while 50 shares declined and 10 were unchanged.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 1999.00,+2.03%), Hindalco Industries Ltd. (Rs. 162.20,+1.63%), Coal India Ltd. (Rs. 378.20,+1.63%), Tata Power Company Ltd. (Rs. 97.80,+1.56%), Maruti Suzuki India Ltd. (Rs. 2202.00,+1.56%), among others.
22/05/2014 09:16
After snapping a steller rally amid the political change in Asia’s third biggest economy, on Wednesday, the key domestic benchmarks opened higher today as robust cues from Asian markets boosted sentiment. An easing contraction in China’s factories in the month of May tempered concerns over a slowdown in the world’s second biggest economy while the US FOMC minutes showed that there was muted risk of inflation from continued US stimulus. The Sensex was trading higher by over 100 points led by a surge in consumer durable stocks.
At 9:08AM BSE SENSEX was at 24,411.93, up by 113.91 points or by 0.47 per cent, and the NSE Nifty was at 7,252.9, down by 22.6 points or by 0.31 per cent.
The BSE Sensex touched intraday high of 24,411.93 and intraday low of 24,411.93 The NSE Nifty touched intraday high of 7,287.15 and intraday low of 7,206.7.
Meanwhile, the BSE MIDCAP was at 8,399.3, up by 56.94 points or by 0.68 per cent, while the BSE SMLCAP was at 8,828.4, up by 70.12 points or by 0.8 per cent.
On the Sectoral front, consumer durables and realty were up 7 per cent and 1.1 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 608, shares advanced were 548 while 50 shares declined and 10 were unchanged.
The top gainers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 1999.00,+2.03%), Hindalco Industries Ltd. (Rs. 162.20,+1.63%), Coal India Ltd. (Rs. 378.20,+1.63%), Tata Power Company Ltd. (Rs. 97.80,+1.56%), Maruti Suzuki India Ltd. (Rs. 2202.00,+1.56%), among others.
