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Friday, 7 March 2014

Closing Summary, Market Synopsis: 7th March, 2014


Key benchmark indices surged to record high, driven by sharp gains in domestic-focused sectors viz. banking, realty, construction and capital goods, index heavyweight Reliance Industries (RIL) jumped 5.72% to close at Rs 869. The barometer index, the S&P BSE Sensex, hit record high near to 22,000 level and the 50-unit CNX Nifty struck record high and shut shop at 6526, up by 125 points (1.96%). Gains came as foreign portfolio investors extended their buying streak to a fifteenth straight session, totaling over $1 billion. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 36 to 14.

Photo: Closing Market Update:
Key benchmark indices surged to record high, driven by sharp gains in domestic-focused sectors viz. banking, realty, construction and capital goods, index heavyweight Reliance Industries (RIL) jumped 5.72% to close at Rs 869. The barometer index, the S&P BSE Sensex, hit record high near to 22,000 level and the 50-unit CNX Nifty struck record high and shut shop at 6526, up by 125 points (1.96%). Gains came as foreign portfolio investors extended their buying streak to a fifteenth straight session, totaling over $1 billion. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 36 to 14.

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