The Indian markets left the disappointment over May inflation data behind and was seen notching solid gains at the back of significant upcoming events next week. With this, the market erased Thursday’s losses. Rate sensitive sectors paced the rally today, unlike Thursday when they had fallen sharply. Despite cautious comments from the RBI Governor, the markets still expect the central bank to opt for some monetary easing on June 18. The Sensex closed at the level of 16949.83 i.e., up by 271.95 points and the Nifty closed at the level of 5139.05 i.e., up by 84.3 points. This led the midcap and the small-cap counters to close positive by nearly half a percentage point each. On the sectoral front, all the indices closed in green. Auto and Bank indices closed as the major gainers with gains of over two percentage points each. Further, the market breadth closed positive as four stocks were seen advancing for every three declines.Further, the market breadth closed flat. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118
No comments:
Post a Comment