Tuesday 11 November 2014

Closing Summary, Market Synopsis: 11 th September, 2014

Key benchmark indices edged higher on Tuesday as rate-sensitive Banking stocks rose on hopes lower retail inflation data would lead to early interest rate cuts, although profit-taking prevented the indexes from hitting further record highs. Meanwhile, non-banking finance companies like Housing Development Finance Corporation also rose after the central bank unveiled rules on bad loans and capital requirements that came largely along expected lines. The broader NSE Nifty rose 0.22 percent to end at 8,362.65, also marking a record closing high.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 28 advances to 22 declines.

Photo: Closing Marekt Update:

Key benchmark indices edged higher on Tuesday as rate-sensitive Banking stocks rose on hopes lower retail inflation data would lead to early interest rate cuts, although profit-taking prevented the indexes from hitting further record highs. Meanwhile, non-banking finance companies like Housing Development Finance Corporation also rose after the central bank unveiled rules on bad loans and capital requirements that came largely along expected lines. The broader NSE Nifty rose 0.22 percent to end at 8,362.65, also marking a record closing high.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 28 advances to 22 declines.

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