Wednesday 9 October 2013

Closing Summary, Market Synopsis: 9th October, 2013

Photo: Closing Market Update:
Key benchmark indices extended intraday gains in late trade as European stocks reversed intraday losses and trading in US index futures pointed to a recovery on the Wall Street later during the global day on news that known-dove Janet Yellen is expected to be named chairman of the Federal Reserve. Indian stocks got additional boost from the latest data which showed India's trade deficit narrowed sharply in September 2013 from August 2013. The data helped ease worries about the country's high current account deficit. The 50-unit CNX Nifty moved past the psychological 6,000 mark to close at 6007, up 79 points.
 
The market breadth, indicating the overall health of the market, was positive. The advances to declines in Nifty50 stocks stands at 40 advances to 10 declines. Except CNX MNC all sectors traded in NSE closed in the green with CNX Realty as top gainers (up by 4.52%).
Key benchmark indices extended intraday gains in late trade as European stocks reversed intraday losses and trading in US index futures pointed to a recovery on the Wall Street later during the global day on news that known-dove Janet Yellen is expected to be named chairman of the Federal Reserve. Indian stocks got additional boost from the latest data which showed India's trade deficit narrowed sharply in September 2013 from August 2013. The data helped ease worries about the country's high current account deficit. The 50-unit CNX Nifty moved past the psychological 6,000 mark to close at 6007, up 79 points.

The market breadth, indicating the overall health of the market, was positive. The advances to declines in Nifty50 stocks stands at 40 advances to 10 declines. Except CNX MNC all sectors traded in NSE closed in the green with CNX Realty as top gainers (up by 4.52%).

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