Key benchmark indices surged after the rupee recovered in choppy trade after Prime Minister Dr. Manmohan Singh said in parliament that the government isn't looking at imposing restrictions on the movement of capital out of the country as he sought to allay investor concerns that have lately hurt financial markets, especially the rupee which has declined sharply against the dollar this month. Intraday volatility on the bourses was quite high as the indices alternately swung between positive and negative zone. BSE Sensex closed at 18619.7, up by 1.19%, whereas Nifty closed at 5471.8 up by 1.16% (63 point). The session was highly volatile and at one point of time Nifty was trading in the red, after a firm opening.
The overall market breadth was positive, the advance-decline figure in Nifty50 stocks stood at 28 advances to 22 declines.Outperforming sectors in today’s market were Pharma, Bank, IT and FMCG, whereas Metal, Realty & Auto were the laggards.
Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.
The overall market breadth was positive, the advance-decline figure in Nifty50 stocks stood at 28 advances to 22 declines.Outperforming sectors in today’s market were Pharma, Bank, IT and FMCG, whereas Metal, Realty & Auto were the laggards.
Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.
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