Key benchmark indices today, 13 May 2014,
extended their recent strong gains after exit polls on Monday, 12 May
2014, signaled that the Bharatiya Janata Party (BJP) led National
Democratic Alliance (NDA) would win a majority
in the Lok Sabha elections which concluded on Monday, 12 May 2014. The
barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty,
both, hit record high on intraday basis as well as closing basis. CNX
Nifty shut shop at 7108.75 (highest ever close) up by 94.5 points.
The market sentiment boosted by data showing that foreign funds made substantial purchases of Indian stocks on Monday, 12 May 2014. Gains in Asian and European stocks also underpinned sentiment on domestic bourses. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 39 advances to 10 declines, 1 stock remain unchanged.
The market sentiment boosted by data showing that foreign funds made substantial purchases of Indian stocks on Monday, 12 May 2014. Gains in Asian and European stocks also underpinned sentiment on domestic bourses. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 39 advances to 10 declines, 1 stock remain unchanged.
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