Markets surged more than one and a half percent in today’s trade to close at fresh 14 month high. Sensex scaled the 17000 mark for the first time since 23rd May 2008 and closed at 17126, gaining 274 points, while Nifty finished at 5084, up 77 points. BSE Mid-cap and Small-cap indices gained 0.9% each. In the month of September, Sensex and Nifty are up 9.3% and 9% respectively. Bankex and Metal index surged 18.1% and 14.5% respectively over the month, becoming the top gainers among the sectoral indices. European markets were up about 0.5%, lifted by strength among Pharmaceuticals and insurers. US stock indices futures were up just less than half a percent ahead of the release of latest economic reports, including a reading on employment.
Bankex and Auto index were the top gaining sectoral indices for the day, putting on 3.7% and 2.1% respectively, while FMCG and Consumer Durable indices lost 0.4% and 0.3% respectively. SBI and ICICI Bank gained the most among the Sensex stocks, rising 5% and 4.6% respectively, while ONGC and ITC lost the most, shedding 1.2% and 1% respectively
1 comment:
DEAR RAKESHJI, YOU ARE GIVING VERY STUDIED, EXCELLENT AND GOOD MARKET ANALYSIS. THIS IS VERY HELPFUL FOR SMALL TRADERS LIKE US....THANKS.
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