Tuesday 17 June 2014

Closing Summary, Market Synopsis: 17th June, 2014

After a lackluster first half, Indian stocks rallied in second half of the day's trading session as crude oil prices futures eased in volatile trade and as Reserve Bank of India Governor Raghuram Rajan's comments that India is currently better prepared to deal with any shocks on the external front compared to last year triggered recovery in rupee against the dollar. Gains in Asian and European stocks also aided the rally on the domestic bourses. The benchmark BSE Sensex provisionally gained 1.31 percent to 25,521.19, while the broader Nifty ended 1.3 percent higher at 7,631.70.

The market breadth, indicating the overall health of the market was strong, in Nifty50 stocks the advances to declines stands at 39 advances to 11 declines.
Photo: Closing Market Update: 
After a lackluster first half, Indian stocks rallied in second half of the day's trading session as crude oil prices futures eased in volatile trade and as Reserve Bank of India Governor Raghuram Rajan's comments that India is currently better prepared to deal with any shocks on the external front compared to last year triggered recovery in rupee against the dollar. Gains in Asian and European stocks also aided the rally on the domestic bourses. The benchmark BSE Sensex provisionally gained 1.31 percent to 25,521.19, while the broader Nifty ended 1.3 percent higher at 7,631.70.
 
The market breadth, indicating the overall health of the market was strong, in Nifty50 stocks the advances to declines stands at 39 advances to 11 declines.

No comments:

Post a Comment