Tuesday, 6 May 2014

Closing Summary, Market Synopsis: 6th May, 2014

Key benchmark indices rose for a second consecutive session on Tuesday to its highest close in a week as blue-chips such as Reliance Industries gained after foreign investors snapped a five-day selling streak in index futures. CNX Nifty shut shop up by 16 points at 6715. Today, India’s HSBC Services Purchasing Managers' Index compiled by Markit, rose to 48.5 in April from 47.5 in March, but held stubbornly below the 50-mark that divides growth from contraction.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 26 advances to 24 declines.
Photo: Closing Market Update:
Key benchmark indices rose for a second consecutive session on Tuesday to its highest close in a week as blue-chips such as Reliance Industries gained after foreign investors snapped a five-day selling streak in index futures. CNX Nifty shut shop up by 16 points at 6715. Today, India’s HSBC Services Purchasing Managers' Index compiled by Markit, rose to 48.5 in April from 47.5 in March, but held stubbornly below the 50-mark that divides growth from contraction.
 
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 26 advances to 24 declines.

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