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Epic:Market Analysis

Epic:Market Analysis

Discuss Epic:Market Analysis within the General Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Key benchmark indices eked out slender gains in choppy trade as index heavyweights ITC and Reliance Industries rose. The barometer ...

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Epic:Market Analysis
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Asha Soni
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Epic:Market Analysis - August 13th, 2012

Key benchmark indices eked out slender gains in choppy trade as index heavyweights ITC and Reliance Industries rose. The barometer index, BSE Sensex, was provisionally up 10.45 points or 0.06%, off close to 20 points from the day's high and up about 100 points from the day's low. Provisional data showing foreign institutional investors (FIIs) remained net buyers of Indian stocks on Thursday, 9 August 2012, boosted sentiment.
The S&P CNX Nifty was up 3.05 points or 0.06% to 5,326, as per provisional figures. The Nifty hit high of 5,330.10 in intraday trade. The Nifty hit a low of 5,294.10 in intraday trade, its lowest level since 7 August 2012.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,553 shares fell and 1,202 shares rose. A total of 133 shares were unchanged. From the 30-share Sensex pack, 16 stocks fell and rest of them rose.

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