Friday, 16 May 2014

Closing Summary, Market Synopsis: 16th May, 2014

Key benchmark indices edged higher in what was a choppy trading session as leads and results of Lok Sabha election showed that Narendra Modi was on course to wrest the top job in the country as a saffron wave swept large swathes of India and leaving Congress in tatters. The benchmark BSE Sensex surged to as high as 25,375.63, before ending the day at 24,121.74, up 0.9 percent. The broader Nifty jumped as much as 6.2 percent to a record high of 7,563.50, before closing 1.12 percent higher at 7,203.



The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 36 advances to 14 declines.

Photo: Closing Market Update :
Key benchmark indices edged higher in what was a choppy trading session as leads and results of Lok Sabha election showed that Narendra Modi was on course to wrest the top job in the country as a saffron wave swept large swathes of India and leaving Congress in tatters. The benchmark BSE Sensex surged to as high as 25,375.63, before ending the day at 24,121.74, up 0.9 percent. The broader Nifty jumped as much as 6.2 percent to a record high of 7,563.50, before closing 1.12 percent higher at 7,203.

 

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 36 advances to 14 declines.

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