Thursday 28 August 2014

Closing Summary, Market Synopsis: 28th August, 2014

Key benchmark indices close at record high on Thursday as continued buying from foreign investors lifted blue-chips such as Oil and Natural Gas Corp, allowing the benchmark index to post its seventh consecutive monthly gain in the best streak since 2006. Despite some flare-ups in geopolitical tensions, sentiment in India remains supported by optimism about an improving economy and expectations Prime Minister Narendra Modi will usher a period of significant fiscal and economic reforms. The broader Nifty gained 0.23 percent to 7,954.35 not far from the record high of 7,968.25, hit on Monday. The Nifty rose 3.02 percent for the month to mark its fourth consecutive monthly gain.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 21 declines & 1 unchanged.

फ़ोटो: Closing Market Update:

Key benchmark indices close at record high on Thursday as continued buying from foreign investors lifted blue-chips such as Oil and Natural Gas Corp, allowing the benchmark index to post its seventh consecutive monthly gain in the best streak since 2006. Despite some flare-ups in geopolitical tensions, sentiment in India remains supported by optimism about an improving economy and expectations Prime Minister Narendra Modi will usher a period of significant fiscal and economic reforms. The broader Nifty gained 0.23 percent to 7,954.35 not far from the record high of 7,968.25, hit on Monday. The Nifty rose 3.02 percent for the month to mark its fourth consecutive monthly gain.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 21 declines & 1 unchanged.

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