Monday 5 May 2014

Closing Summary, Market Synopsis: 5th May, 2014

Key benchmark indices edged higher on Monday, recovering from a five-session losing streak as market heavyweights such as Reliance Industries recouped, although sentiment remained broadly sideways ahead of the conclusion of elections later this month. Global risk factors are also weighing on sentiment, with regional shares faltering on Monday after HSBC's final reading of China's April PMI contracted for a fourth consecutive month. CNX Nifty shut shop at 6699.35, up by 4.55 points.



The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines tied at 25 each.
Photo: Closing Market Update:
Key benchmark indices edged higher on Monday, recovering from a five-session losing streak as market heavyweights such as Reliance Industries recouped, although sentiment remained broadly sideways ahead of the conclusion of elections later this month. Global risk factors are also weighing on sentiment, with regional shares faltering on Monday after HSBC's final reading of China's April PMI contracted for a fourth consecutive month. CNX Nifty shut shop at 6699.35, up by 4.55 points.

 

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines tied at 25 each.

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