Key benchmark indices surged after government bond prices surged after the Reserve Bank of India (RBI) today, 17 April 2014, fully sold the Rs 20000-crore worth of debt on offer, accomplishing the country's biggest-ever auction. The Bank Nifty surged 1.8 percent, led by gains of 3.3 percent in ICICI Bank shares and 2.3 percent in Axis Bank Ltd. The Sensex and the Nifty closed up around 1.6 percent each, recovering from a 2-1/2 week low in the previous session.
Except CNX Media, all sectors traded in NSE closed in the green. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 47 advances to 3 declines.
Except CNX Media, all sectors traded in NSE closed in the green. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 47 advances to 3 declines.
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