Closing Market Update:
Key benchmark indices eked out small gains after moving in a narrow range in intraday trade. The broader Nifty rose 0.21 percent, or 16.05 points, to end at 7,640.45, marking its second straight highest close since July 7, when it hit a record closing high. Metal and mining stocks extended recent gains. Hindalco Industries hit 52-week high, with the stock extending Wednesday's gains triggered by upgrade in rating of the stock from a foreign brokerage to 'buy' from 'underperform'. Tata Power Company and Reliance Infrastructure edged higher on reports that Delhi Electricity Regulatory Commission has approved a tariff hike of 8.32% for the power distribution subsidiaries of these two companies in the national capital for the fiscal 2014-15.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 31 advances to 19 declines.
Key benchmark indices eked out small gains after moving in a narrow range in intraday trade. The broader Nifty rose 0.21 percent, or 16.05 points, to end at 7,640.45, marking its second straight highest close since July 7, when it hit a record closing high. Metal and mining stocks extended recent gains. Hindalco Industries hit 52-week high, with the stock extending Wednesday's gains triggered by upgrade in rating of the stock from a foreign brokerage to 'buy' from 'underperform'. Tata Power Company and Reliance Infrastructure edged higher on reports that Delhi Electricity Regulatory Commission has approved a tariff hike of 8.32% for the power distribution subsidiaries of these two companies in the national capital for the fiscal 2014-15.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 31 advances to 19 declines.
No comments:
Post a Comment