Monday 21 July 2014

Closing Summary, Market Synopsis: 21st July, 2014


Indian stocks eked out small gains as monsoon rains picked up last week. The key benchmark indices remained in positive zone throughout the day. But, higher level could not be sustained due to weakness in European shares triggered by lingering geopolitical concerns. CNX Nifty shut shop at 7684, up by 20 points. Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result, Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result.

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

Photo: Closing Market Update:
Indian stocks eked out small gains as monsoon rains picked up last week. The key benchmark indices remained in positive zone throughout the day. But, higher level could not be sustained due to weakness in European shares triggered by lingering geopolitical concerns. CNX Nifty shut shop at 7684, up by 20 points. Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result, Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result.
 
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines tied at 25 each.

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