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Tuesday, 5 August 2014

Closing Summary, Market Synopsis: 5th August, 2014

High volatility was witnessed today, the 30-share BSE Sensex rose 184.85 points to close at 25908.01 and the 50-share NSE Nifty climbed 62.90 points to 7746.55 while the BSE Midcap and Smallcap indices outperformed benchmarks, up 0.8 percent and 1.12 percent, respectively. Further, the advance decline in NSE stands at 987 versus 548 declines.

Photo: Closing Market Update: High volatility was witnessed today, the 30-share BSE Sensex rose 184.85 points to close at 25908.01 and the 50-share NSE Nifty climbed 62.90 points to 7746.55 while the BSE Midcap and Smallcap indices outperformed benchmarks, up 0.8 percent and 1.12 percent, respectively. We expect that the Indian market is in bull run and advise buying stocks on every dip with 3-4 years perspective while in case of rate cuts, they feel the central bank may not cut rates unless and until inflation meets bank’s target. Further, the advance decline in NSE stands at 987 versus 548 declines.
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