Key benchmark indices trimmed gains after seeing a sudden surge in late trade. The 50-unit CNX Nifty hit fresh record high. The barometer index, the S&P BSE Sensex, was provisionally up 101.74 points or 0.46%, off 47.86 points from the day's high and up 131 points from the day's low. The market breadth, indicating the overall health of the market, was strong. The BSE Mid-Cap and Small-Cap indices were up more than 1% each.
Index heavyweight and cigarette major ITC slipped in choppy trade. Reliance Industries (RIL) gained amid volatility after the company's spokesperson Umesh Upadhyay after market hours on Thursday, 27 March 2014, said that the FIR relating to gas contracts filed by former Delhi Chief Minister Arvind Kejriwal against the Union Government was completely illegal. Bank shares rose after the Reserve Bank of India (RBI) on Thursday, 27 March 2014, extended the deadline for banks to fully implement the stringent capital requirements under Basel III by a year due to industry wide concerns over potential bad loans and its impact on profitability. Shares of Adani group were in demand, with Adani Enterprises hitting 52-week high. Among power finance companies, REC and Power Finance Corporation surged.
High volatility was witnessed at the onset of the trading session as key benchmark indices trimmed an initial rally triggered by firm Asian stocks. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. Volatility ruled the roost in morning trade as the key benchmark indices recovered from lower level after erasing almost entire gains after an initial surge. Volatility continued as the Sensex regained positive zone after reversing intraday gains in mid-morning trade. The Sensex slipped into negative zone from positive zone in early afternoon trade. The Sensex alternatively swung between positive and negative zone nearly the flat line in afternoon trade. The Sensex retained positive zone in mid-afternoon trade as European stocks edged higher in early trade there. Key benchmark indices trimmed gains after seeing a sudden surge in late trade. The 50-unit CNX Nifty hit fresh record high.
Foreign institutional investors (FIIs) bought shares worth a net Rs 2191.93 crore on Thursday, 27 March 2014, as per provisional data from the stock exchanges.
As per provisional closing, the S&P BSE Sensex was up 101.74 points or 0.46% to 22,316.11. The index jumped 149.60 points at the day's high of 22,363.97 in early trade, a record high for the barometer index. The index fell 29.26 points at the day's low of 22,185.11 in early afternoon trade.
The CNX Nifty was up 51.65 points or 0.78% to 6,693.40. The index hit a high of 6,702.60 in intraday trade, a record high for the index. The index hit a low of 6,643.80 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,779 shares gained and 1,107 shares fell. A total of 163 shares were unchanged...
Index heavyweight and cigarette major ITC slipped in choppy trade. Reliance Industries (RIL) gained amid volatility after the company's spokesperson Umesh Upadhyay after market hours on Thursday, 27 March 2014, said that the FIR relating to gas contracts filed by former Delhi Chief Minister Arvind Kejriwal against the Union Government was completely illegal. Bank shares rose after the Reserve Bank of India (RBI) on Thursday, 27 March 2014, extended the deadline for banks to fully implement the stringent capital requirements under Basel III by a year due to industry wide concerns over potential bad loans and its impact on profitability. Shares of Adani group were in demand, with Adani Enterprises hitting 52-week high. Among power finance companies, REC and Power Finance Corporation surged.
High volatility was witnessed at the onset of the trading session as key benchmark indices trimmed an initial rally triggered by firm Asian stocks. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. Volatility ruled the roost in morning trade as the key benchmark indices recovered from lower level after erasing almost entire gains after an initial surge. Volatility continued as the Sensex regained positive zone after reversing intraday gains in mid-morning trade. The Sensex slipped into negative zone from positive zone in early afternoon trade. The Sensex alternatively swung between positive and negative zone nearly the flat line in afternoon trade. The Sensex retained positive zone in mid-afternoon trade as European stocks edged higher in early trade there. Key benchmark indices trimmed gains after seeing a sudden surge in late trade. The 50-unit CNX Nifty hit fresh record high.
Foreign institutional investors (FIIs) bought shares worth a net Rs 2191.93 crore on Thursday, 27 March 2014, as per provisional data from the stock exchanges.
As per provisional closing, the S&P BSE Sensex was up 101.74 points or 0.46% to 22,316.11. The index jumped 149.60 points at the day's high of 22,363.97 in early trade, a record high for the barometer index. The index fell 29.26 points at the day's low of 22,185.11 in early afternoon trade.
The CNX Nifty was up 51.65 points or 0.78% to 6,693.40. The index hit a high of 6,702.60 in intraday trade, a record high for the index. The index hit a low of 6,643.80 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,779 shares gained and 1,107 shares fell. A total of 163 shares were unchanged...
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