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Tuesday, 12 August 2014

Closing Summary, Market Synopsis: 12th August, 2014

Key benchmark indices posted its biggest daily gain since June 6, gaining for a second consecutive session after Tata Motors Ltd raised confidence about corporate earnings by saying it had tripled its net profit in the April-June quarter. The benchmark BSE Sensex provisionally rose 1.4 percent to end at 25,880.77 points. The broader Nifty rose 1.3 percent to end at a provisional 7,727.05 points, its biggest daily percentage gain since June 30.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 44 advances to 6 declines.

Photo: Closing Market Update:
Key benchmark indices posted its biggest daily gain since June 6, gaining for a second consecutive session after Tata Motors Ltd raised confidence about corporate earnings by saying it had tripled its net profit in the April-June quarter. The benchmark BSE Sensex provisionally rose 1.4 percent to end at 25,880.77 points. The broader Nifty rose 1.3 percent to end at a provisional 7,727.05 points, its biggest daily percentage gain since June 30.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 44 advances to 6 declines.

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