Our market opened gap up but turned weak and then recovered from the day's lows to end flat .It was a highly volatile day for the Indian equity markets. Although the market remained in the positive zone through out the day, high volatility kept the investor on their toes. In the morning, better manufacturing data from China helped the Asian markets to trade in positive zone, but the selling at every higher level kept the market gains under check. But finally the bulls managed to outshine bears and markets closed in green. Again the mid cap and small cap indices outperformed the Sensex with significant gains. On the Sectoral front the rally in stock market and some ease on liquidity front has helped the realty index surge ahead. Even metals managed to outperform.
The market breadth was positive with advances at 619 against declines of 650 on the NSE. Top Nifty gainers included Tata Steel, SAIL and HCL Technologies while losers were ACC, Ranbaxy and Reliance Infrastructure
The market breadth was positive with advances at 619 against declines of 650 on the NSE. Top Nifty gainers included Tata Steel, SAIL and HCL Technologies while losers were ACC, Ranbaxy and Reliance Infrastructure
No comments:
Post a Comment