Wednesday 23 July 2014

Closing Summary, Market Synopsis: 23rd July, 2014


Key benchmark indices settled at record high led by IT stocks in what was a volatile trading session. The S&P BSE Sensex, settled at record high. The 50-unit CNX Nifty hit record high on intraday as well as closing basis to settle at 7795.75, up by 28 points. IT stocks gained on positive economic data in US, the biggest outsourcing market for the Indian IT firms. PSU OMCs edged higher as crude oil prices declined. Hindalco Industries hit 52-week high as aluminum prices surged on London Metal Exchange (LME).

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 22 advances to 27 declines, 1 unchanged.

Photo: Closing Market Update:
Key benchmark indices settled at record high led by IT stocks in what was a volatile trading session. The S&P BSE Sensex, settled at record high. The 50-unit CNX Nifty hit record high on intraday as well as closing basis to settle at 7795.75, up by 28 points. IT stocks gained on positive economic data in US, the biggest outsourcing market for the Indian IT firms. PSU OMCs edged higher as crude oil prices declined. Hindalco Industries hit 52-week high as aluminum prices surged on London Metal Exchange (LME).
 
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 22 advances to 27 declines, 1 unchanged.

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