Closing Market Update:
Key benchmark indices surged more than 1 percent to hit record highs on Wednesday after Finance Minister Arun Jaitley's warning against "mindless populism" raised hopes the government would unveil a fiscally prudent budget next week. Gains in world markets and provisional data showing that foreign investors made decent purchases of Indian stocks on Tuesday, 1 July 2014, also boosted sentiment. The Nifty gained 1.18 percent to close at 7,725.15 points, having hit a fresh record high of 7,732.40 points earlier in the session, breaching its previous peak of 7,700.05, also hit on June 11.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 44 advances to 6 declines.
Key benchmark indices surged more than 1 percent to hit record highs on Wednesday after Finance Minister Arun Jaitley's warning against "mindless populism" raised hopes the government would unveil a fiscally prudent budget next week. Gains in world markets and provisional data showing that foreign investors made decent purchases of Indian stocks on Tuesday, 1 July 2014, also boosted sentiment. The Nifty gained 1.18 percent to close at 7,725.15 points, having hit a fresh record high of 7,732.40 points earlier in the session, breaching its previous peak of 7,700.05, also hit on June 11.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 44 advances to 6 declines.
No comments:
Post a Comment