Key benchmark edged higher as Asian and European stocks rose after China's short-term interest rates fell after China's central bank pumped in an usually large amount of funds into the money markets to pre-empt a potential liquidity crisis, as demand for cash rises ahead of the Lunar New Year holiday. The barometer index, S&P BSE Sensex, and the 50-unit CNX Nifty eked out small gains to close at 6314 up by 10 points.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advance to declines stands at 28 to 22 stocks. In NSE, sector wise BankNifty(up by 1.49%) was the leader in today’s market, followed by CNX Finance & PSU Bank, CNXIT the worst hit after yesterday’s stellar performance.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advance to declines stands at 28 to 22 stocks. In NSE, sector wise BankNifty(up by 1.49%) was the leader in today’s market, followed by CNX Finance & PSU Bank, CNXIT the worst hit after yesterday’s stellar performance.
No comments:
Post a Comment