Key benchmark indices edged higher on the first trading session of the week after the Finance Minister P Chidambaram said that the fiscal deficit will be contained at 4.6% of GDP for the year ending 31 March 2014 (2013-14) and will be pruned further to 4.1% of GDP in 2014-15 and that the current account deficit (CAD) will be contained at $45 billion in 2013-14. The BSE Sensex, was provisionally up 110.19 points or 0.54%, up close to 140 points from the day's low and off about 15 points from the day's high. CNX Nifty shut shop at 6073 up by 25 points (0.41%).
The market breadth, indicating the overall health of the market was negative but in Nifty50 stocks the advances to declines stands at 28 to 21, 1 unchanged. Bank Nifty (up by 1.20%) outperformed the broader market, whereas CNX Realty (down by 1.16%) was the most laggard among sectoral indices traded in NSE in today’s market.
The market breadth, indicating the overall health of the market was negative but in Nifty50 stocks the advances to declines stands at 28 to 21, 1 unchanged. Bank Nifty (up by 1.20%) outperformed the broader market, whereas CNX Realty (down by 1.16%) was the most laggard among sectoral indices traded in NSE in today’s market.
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