Wednesday 5 March 2014

Closing Summary, Market Synopsis: 5th March, 2014


Key benchmark indices edged higher in choppy trade after a survey showed that private sector output across India rose for the first time in eight months during February and that Indian services companies maintained their positive outlook for output growth over the coming year in February 2014. Bank stocks edged higher. Nifty shut shop at 6328 up by 30.7 ponts. Most metal stocks rose a China's leaders retained an economic growth target for this year. Capital goods stocks rose, with ABB India and Thermax hitting 52-week high.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 32 to 17, 1 stock remained unchanged.
Photo: Closing Market Update:
Key benchmark indices edged higher in choppy trade after a survey showed that private sector output across India rose for the first time in eight months during February and that Indian services companies maintained their positive outlook for output growth over the coming year in February 2014. Bank stocks edged higher. Nifty shut shop at 6328 up by 30.7 ponts. Most metal stocks rose a China's leaders retained an economic growth target for this year. Capital goods stocks rose, with ABB India and Thermax hitting 52-week high.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 32 to 17, 1 stock remained unchanged.

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