Tuesday 1 April 2014

Closing Summary, Market Synopsis: 1st April, 2014


Key benchmark indices rose to a record high for a seventh consecutive session as blue chips such as TCS, Infy, LT extended a rally after the Reserve Bank of India (RBI) left interest rates unchanged and said it did not expect policy tightening in the near-term. Data today showed manufacturing activity (HSBC PMI) grew at a slower pace in March at 51.3 vs 52.5 in Feb,2014, as weaker domestic demand dragged on output growth.

CNX Nifty shut shop (highest ever close) at 6721 up by 17 points. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands tie at 25 each.
Photo: Closing Market Update:
Key benchmark indices rose to a record high for a seventh consecutive session as blue chips such as TCS, Infy, LT extended a rally after the Reserve Bank of India (RBI) left interest rates unchanged and said it did not expect policy tightening in the near-term. Data today showed manufacturing activity (HSBC PMI) grew at a slower pace in March at 51.3 vs 52.5 in Feb,2014, as weaker domestic demand dragged on output growth.

CNX Nifty shut shop (highest ever close) at 6721 up by 17 points. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands tie at 25 each.

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