Wednesday 5 November 2014

Closing Summary, Market Synopsis: 5 th November, 2014


Key benchmark indices hit their all-time high on Wednesday, their fourth consecutive record high, with the benchmark BSE index crossing the 28,000 mark for the first time as lenders continued to rally on hope for early interest rate cuts. Nifty shut shop at 8338.3 up by 0.17%(14 points). Banking stocks, PSU OMCs, and pharma stocks rose, metal & mining and cement stocks dropped.

The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.

Photo: Closing Market Update:

Key benchmark indices hit their all-time high on Wednesday, their fourth consecutive record high, with the benchmark BSE index crossing the 28,000 mark for the first time as lenders continued to rally on hope for early interest rate cuts. Nifty shut shop at 8338.3 up by 0.17%(14 points). Banking stocks, PSU OMCs, and pharma stocks rose, metal & mining and cement stocks dropped.

The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.

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