Friday 3 January 2014

Closing Summary, Market Synopsis: 3rd January, 2014

The BSE Sensex and Nifty fell on Friday to mark their biggest decline in eight weeks as profit-taking hit blue chips such as Reliance Industries for a third consecutive day, extending the weak start to 2014. The broader markets has fallen in each of the three trading sessions of the new year, declining almost 1.35 percent after gaining around 8.9 percent last year on the back of strong foreign buying. CNX Nifty shut shop at 6211 down by 10 points.

The market breadth, indicating the overall health of the market, turned positive from negative in late trade. The overall advance to decline in NSE stands at 615 advances to 466 declines, but in Nifty 50 stocks the advance to declines stand at 22 advances to 28 declines. Sector wise CNXIT stands as the leader with a gain of 2%, whereas CNX Energy & Metal are the laggards in today’s market.
Photo: Closing Market Update:
The BSE Sensex and Nifty fell on Friday to mark their biggest decline in eight weeks as profit-taking hit blue chips such as Reliance Industries for a third consecutive day, extending the weak start to 2014. The broader markets has fallen in each of the three trading sessions of the new year, declining almost 1.35 percent after gaining around 8.9 percent last year on the back of strong foreign buying. CNX Nifty shut shop at 6211 down by 10 points.
 
The market breadth, indicating the overall health of the market, turned positive from negative in late trade. The overall advance to decline in NSE stands at 615 advances to 466 declines, but in Nifty 50 stocks the advance to declines stand at 22 advances to 28 declines. Sector wise CNXIT stands as the leader with a gain of 2%, whereas CNX Energy & Metal are the laggards in today’s market.

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