Key benchmark indices surged as world stocks rose after the US Federal Reserve monetary policy review on Wednesday, 18 September 2013, decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The BSE Sensex, moved past the psychological 20,000 mark and the 50-unt CNX Nifty surged past the psychological 6,000 level. The Sensex settled at its highest level in more than 34 months. The Nifty settled at 16-week high at 6115.55 up by 216 points.
The market breadth, indicating the overall health of the market, was positive. Except the CNX IT index, all the other sectoral indices on NSE were in the green, with CNX PSU Bank topping the sectoral gainers with 8.25% rise followed by Bank Nifty with 6.71%. In Nifty 50 stocks the Advance to Decline stood at 47 to 3, with PNB (up by 9.2%) as top gainers.
No comments:
Post a Comment