Market Watch

Thursday 9 October 2014

Stock Trading Tips with Current Updates


Key benchmark indices opened on a firm note on positive Asian stocks. The S&P BSE Sensex surged over 300 points in trade on Thursday. tracking Asian markets, which were trading higher after the US Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it.
The rally in the index was led by gains in ICICI Bank, InfosysBSE 0.76 %, L&T, TCS, Reliance IndustriesBSE 0.69 % and TCS.Tracking the momentum, the 50-share Nifty index managed to reclaim its crucial psychological level of 7900, supported by gains in pharma, metal, realty and banking stocks.
The CNX Nifty was up 83.50 points or 1.06% at 7,926.20. The index hit a high of 7,934.95 in intraday trade. The index hit a low of 7,886.50 in intraday trade.
The market breadth indicating the overall health of the market was strong. On BSE, 1,040 shares gained and 195 shares fell. A total of 23 shares were unchanged. 

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