Closing Market Update:
Key benchmark indices hit a record high on Wednesday, surpassing the previous all-time high hit just last week as BankNifty surged lead by PSU Banks which was supported by stocks from sectors such as Pharma, Auto, Realty and Metals. Barring CNXIT (down by 1.04%) all sector traded on NSE closed in the green. CNX Nifty shut shop at 6796 up by 101 points.
Sun Pharmaceutical provisionally gained 6.8 percent (top gainers in nifty50 stocks), rising the most in a day since August 2013, while Ranbaxy shares also rallied 4.7 percent. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 39 advances to 11 declines.
Key benchmark indices hit a record high on Wednesday, surpassing the previous all-time high hit just last week as BankNifty surged lead by PSU Banks which was supported by stocks from sectors such as Pharma, Auto, Realty and Metals. Barring CNXIT (down by 1.04%) all sector traded on NSE closed in the green. CNX Nifty shut shop at 6796 up by 101 points.
Sun Pharmaceutical provisionally gained 6.8 percent (top gainers in nifty50 stocks), rising the most in a day since August 2013, while Ranbaxy shares also rallied 4.7 percent. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 39 advances to 11 declines.
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