Friday 18 October 2013

Closing Summary, Market Synopsis: 18th October, 2013

Photo: Closing Market Update:
Key benchmark indices closed on a firm note marking their highest close in nearly two years as banks rose on value-buying while blue chips gained as foreign investors extended their buying streak to a tenth consecutive session. CNX Nifty closed up by 143 (2.37%) points and BSE Sensex up by 467 points (2.29%). The market breadth was highly positive, in Nifty50 stocks the advance to decline stands at 49 advances to only 1 decline.
 
Metal and mining stocks gained after the latest data showed that China's GDP growth accelerated in Q3 September 2013. In NSE all sectors closed in the green leaded by Bank Nifty (rose by 3.95%), followed by CNX Metal (3.34%).
Key benchmark indices closed on a firm note marking their highest close in nearly two years as banks rose on value-buying while blue chips gained as foreign investors extended their buying streak to a tenth consecutive session. CNX Nifty closed up by 143 (2.37%) points and BSE Sensex up by 467 points (2.29%). The market breadth was highly positive, in Nifty50 stocks the advance to decline stands at 49 advances to only 1 decline.

Metal and mining stocks gained after the latest data showed that China's GDP growth accelerated in Q3 September 2013. In NSE all sectors closed in the green leaded by Bank Nifty (rose by 3.95%), followed by CNX Metal (3.34%).

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