Friday 17 October 2014

Closing Summary, Market Synopsis: 17th October, 2014

Key benchmark indices rose on Friday, led by mainly Banking & Finance stocks on value buying and hopes a likely win for the BJP in two recent state elections would help push key reforms. The gains, however, were notenough to avert a fourth consecutive weekly fall amid one of the most volatile spells in world markets in years. CNX Nifty shut shop 7779.7 up by 31.5 points.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 34 advances to 16 declines.
Photo: Closing Market Update:

Key benchmark indices rose on Friday, led by mainly Banking & Finance stocks on value buying and hopes a likely win for the BJP in two recent state elections would help push key reforms. The gains, however, were not enough to avert a fourth consecutive weekly fall amid one of the most volatile spells in world markets in years. CNX Nifty shut shop 7779.7 up by 31.5 points.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 34 advances to 16 declines.

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