Key benchmark indices closed at a record high
on Monday as investors switched to stocks focussed on the domestic
sector, including that from Power & Infra, on optimism the incoming
government led by Narendra Modi would
help spur economic reforms. However, broader gains were capped as
exporters lost heavily after the rupee strengthened to an 11-month high
against the dollar. Software exporter TCS provisionally slumped 6.2
percent. CNX Nifty shut shop at 7263.55, up by 60.55 points.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 29 advances to 21 declines.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 29 advances to 21 declines.
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