Key benchmark edged higher on Monday, hitting a sixth consecutive record high and their best monthly gain since October as strong foreign buying has sparked a rally in blue chips, especially those dependant on the domestic economy. The benchmark BSE Sensex provisionally closed up 0.21 percent at 22,386.27 while the broader Nifty closed 0.12 percent higher at 6,704.20 points. The Nifty provisionally rose 6.8 percent in March, its best performance since a 9.8 percent gain in October.
Metal and Mining (CNX Metals, top gainer among sectoral indices, up by 3.75%) stocks extended recent gains triggered by growing expectations that China will take steps to stimulate its sagging economy. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 22 declines.
Metal and Mining (CNX Metals, top gainer among sectoral indices, up by 3.75%) stocks extended recent gains triggered by growing expectations that China will take steps to stimulate its sagging economy. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 22 declines.
No comments:
Post a Comment