Key benchmark indices moved in a narrow range in positive zone in early afternoon trade. The barometer index, the S&P BSE Sensex, was up 87.72 points or 0.41%, up about 35 points from the day's low and off close to 30 points from the day's high. The market breadth, indicating the overall health of the market was strong. The BSE Small-Cap and Mid-Cap indices were up more than 1% each, with both these indices outperforming the Sensex. The market sentiment was boosted by provisional data showing that foreign funds remained buyers of Indian stocks on Wednesday, 5 March 2014 and data showing a sharp reduction in India's current account deficit (CAD) in Q3 December 2013. Gains in Asian stocks also boosted sentiment on the domestic bourses.
Index heavyweight and cigarette maker ITC fell on profit booking. Mining and metal stocks gained for the second day in a row after China's Premier Li Keqiang on Wednesday, 5 March 2014, said that consumption, investment, trade and innovation will drive the country's economic growth this year as he set 7.5% GDP growth target for the year.
The market edged higher in early trade after data released by the Reserve Bank of India (RBI) after trading hours on Wednesday, 5 March 2014, showed that India's current account deficit declined sharply in Q3 December 2013. The Sensex extended initial gains and hit fresh intraday high in morning trade. The barometer index hit 6-week high. The 50-unit CNX Nifty hit its highest level in more than 12 weeks. Key benchmark indices retained positive zone in mid-morning trade. Key benchmark indices moved in a narrow range in positive zone in early afternoon trade
The market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Wednesday, 5 March 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 737.29 crore on Wednesday, 5 March 2014, as per provisional data from the stock exchanges.
At 12:20 IST, the S&P BSE Sensex was up 87.72 points or 0.41% to 21,364.58. The index jumped 121.70 points at the day's high of 21,398.56 in morning trade, its highest level since 23 January 2014. The index rose 53.02 points at the day's low of 21,329.88 in early trade.
The CNX Nifty was up 28.90 points or 0.46% to 6,357.55. The index hit a high of 6,363.95 in intraday trade, its highest level since 9 December 2013. The index hit a low of 6,339.70 in intraday trade. ..
Index heavyweight and cigarette maker ITC fell on profit booking. Mining and metal stocks gained for the second day in a row after China's Premier Li Keqiang on Wednesday, 5 March 2014, said that consumption, investment, trade and innovation will drive the country's economic growth this year as he set 7.5% GDP growth target for the year.
The market edged higher in early trade after data released by the Reserve Bank of India (RBI) after trading hours on Wednesday, 5 March 2014, showed that India's current account deficit declined sharply in Q3 December 2013. The Sensex extended initial gains and hit fresh intraday high in morning trade. The barometer index hit 6-week high. The 50-unit CNX Nifty hit its highest level in more than 12 weeks. Key benchmark indices retained positive zone in mid-morning trade. Key benchmark indices moved in a narrow range in positive zone in early afternoon trade
The market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Wednesday, 5 March 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 737.29 crore on Wednesday, 5 March 2014, as per provisional data from the stock exchanges.
At 12:20 IST, the S&P BSE Sensex was up 87.72 points or 0.41% to 21,364.58. The index jumped 121.70 points at the day's high of 21,398.56 in morning trade, its highest level since 23 January 2014. The index rose 53.02 points at the day's low of 21,329.88 in early trade.
The CNX Nifty was up 28.90 points or 0.46% to 6,357.55. The index hit a high of 6,363.95 in intraday trade, its highest level since 9 December 2013. The index hit a low of 6,339.70 in intraday trade. ..
Source: Top News in Hindi
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