Tuesday 2 September 2014

Closing Summary, Market Synopsis: 2nd September, 2014

Key benchmark indices continued its upward journey for a third consecutive record high as blue-chips shares gained gained after recent data raised hopes about the economy. The 30-share BSE Sensex rose as much as 0.8 percent to a record high of 27,082.85 before ending 0.57 percent higher. The Nifty also hit a record high, rising as much as 0.92 percent to 8,101.95. It ended up 0.69 percent. However, metal stocks fell on continued worries around pending top court's hearing on Sept. 9 about whether to cancel the allocations of coal blocks it ruled as illegal last week.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 34 advances to 15 declines and 1 unchanged.

Photo: Closing Market Update:

Key benchmark indices continued its upward journey for a third consecutive record high as blue-chips shares gained gained after recent data raised hopes about the economy. The 30-share BSE Sensex rose as much as 0.8 percent to a record high of 27,082.85 before ending 0.57 percent higher. The Nifty also hit a record high, rising as much as 0.92 percent to 8,101.95. It ended up 0.69 percent. However, metal stocks fell on continued worries around pending top court's hearing on Sept. 9 about whether to cancel the allocations of coal blocks it ruled as illegal last week.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 34 advances to 15 declines and 1 unchanged.

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