Key benchmark indices edged higher in volatile
trade on reports that the finance ministry is working on a proposal to
cut the fiscal deficit to 3.8% to 3.9% of GDP for the year ending 31
March 2015 (FY 2015). The 50-unit CNX
Nifty attained record closing high at 7276.4, up by 23.5 points.
Jewellery makers such as Titan Co Ltd surged after the Reserve Bank of
India (RBI) allowed banks to provide gold loans to jewellery makers,
while also expanding the number of private agencies that can import the
precious metal. Metal shares also rose after biggest consumer China's
factory sector turned in its best performance in five months in May, a
preliminary HSBC survey showed.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands tied at 25 each.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands tied at 25 each.
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