Monday 17 February 2014

Closing Summary, Market Synopsis: 17th February, 2014

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.

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