Sensex opens higher despite mixed Asian cues
23/05/2014 09:15
The key domestic benchmarks opened higher today as the Sensex was up by more than 75 points led by gains in realty and consumer durables stocks as optimism remained high ahead of the swearing –in ceremony of Narendra Modi as India’s next prime minister, on Monday. Investors shrugged off a downgrade of Indian equities to “neutral” from “neutral/heavyweight” by Deutsche Bank. Asian markets were trading mixed after strong US manufacturing data supported sentiment while a decline in the yen boosted Japanese shares.
At 9:13AM, the BSE SENSEX was at 24,374.4, up by 76.38 points or by 0.31 per cent and the NSE Nifty was at 7,276.4, up by 23.5 points or by 0.32 per cent.
The BSE Sensex touched intraday high of 24,524.76 and intraday low of 24,326.48 The NSE Nifty touched intraday high of 7,319.55 and intraday low of 7,258.15.
Meanwhile, the BSE MIDCAP was at 8,518.22, up by 175.86 points or by 2.11 per cent, while the BSE SMLCAP was at 8,960.7, up by 202.42 points or by 2.31 per cent.
On the Sectoral front, Consumer Durables and Realty advanced 6.78 per cent and 5.54 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 655, shares advanced were 572 while 70 shares declined and 13 were unchanged.
The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 398.70,+2.24%), NTPC Ltd. (Rs. 157.00,+2.21%), Tata Power Company Ltd. (Rs. 101.35,+1.91%), Bajaj Auto Ltd. (Rs. 2012.35,+1.35%), ITC Ltd. (Rs. 348.50,+1.07%), among others.
23/05/2014 09:15
The key domestic benchmarks opened higher today as the Sensex was up by more than 75 points led by gains in realty and consumer durables stocks as optimism remained high ahead of the swearing –in ceremony of Narendra Modi as India’s next prime minister, on Monday. Investors shrugged off a downgrade of Indian equities to “neutral” from “neutral/heavyweight” by Deutsche Bank. Asian markets were trading mixed after strong US manufacturing data supported sentiment while a decline in the yen boosted Japanese shares.
At 9:13AM, the BSE SENSEX was at 24,374.4, up by 76.38 points or by 0.31 per cent and the NSE Nifty was at 7,276.4, up by 23.5 points or by 0.32 per cent.
The BSE Sensex touched intraday high of 24,524.76 and intraday low of 24,326.48 The NSE Nifty touched intraday high of 7,319.55 and intraday low of 7,258.15.
Meanwhile, the BSE MIDCAP was at 8,518.22, up by 175.86 points or by 2.11 per cent, while the BSE SMLCAP was at 8,960.7, up by 202.42 points or by 2.31 per cent.
On the Sectoral front, Consumer Durables and Realty advanced 6.78 per cent and 5.54 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 655, shares advanced were 572 while 70 shares declined and 13 were unchanged.
The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 398.70,+2.24%), NTPC Ltd. (Rs. 157.00,+2.21%), Tata Power Company Ltd. (Rs. 101.35,+1.91%), Bajaj Auto Ltd. (Rs. 2012.35,+1.35%), ITC Ltd. (Rs. 348.50,+1.07%), among others.
