Tuesday, 1 July 2014

Closing Summary, Market Synopsis: 1st July, 2014


Key benchmark indices rose for a third straight session on Tuesday as automakers such as Maruti surged after stronger monthly sales, while strong foreign buying also underpinned sentiment. Metal and mining stocks gained after the latest data showed China's manufacturing expanded in June at the fastest pace this year. Hindalco Industries jumped almost 7% after an upgrade in the stock's rating from a foreign brokerage.BSE Sensex provisionally closed 0.4 percent higher at 25,516.35 points, while the broader Nifty ended up 0.38 percent to 7,640.15 points.

The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.

Photo: Closing Market Update:
Key benchmark indices rose for a third straight session on Tuesday as automakers such as Maruti surged after stronger monthly sales, while strong foreign buying also underpinned sentiment. Metal and mining stocks gained after the latest data showed China's manufacturing expanded in June at the fastest pace this year. Hindalco Industries jumped almost 7% after an upgrade in the stock's rating from a foreign brokerage.BSE Sensex provisionally closed 0.4 percent higher at 25,516.35 points, while the broader Nifty ended up 0.38 percent to 7,640.15 points.

The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.

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