The 30-share BSE Sensex rose 294.57 points or 1.96% at 15,289.40.
The index gained 356.48 points at the session's high of 15,351.31,
hit at the fag end of the trading session. Sensex rose 61.26 points
at the day's low of 15,056.09 hit in the afternoon trade.
The broader CNX S&P Nifty rose 35.9 points or 0.78% at 4609.85.
The BSE Mid-cap index fell 2.66% at 5,805.53. The BSE small-cap
index was down 3.77% at 6,950.12. Both these indices underperformed
the Sensex.
The market breadth, which was negative in early trade, turned poor
as the session progressed. On BSE, 535 stocks advanced, 2149
declined and 33 stocks were unchanged.
Blue chips edged higher in volatile trading session today. After an
initial surge, the market had pared gains in afternoon trade. The
S&P CNX Nifty, had in fact, slipped into the red. A strong rebound
was witnessed in late trade. Positive cues from the global markets
supported the domestic bourses which opened after a long weekend.
However, the market breadth was weak indicating that confidence is
low among investors. Mid-cap and small-cap stocks slumped, which
was clearly reflected in the poor market breadth. Banking and IT
stocks were in demand. Metal and power stocks declined. 22 out of
30 stocks from the Sensex pack ended in green.
The market sentiment remained edgy on reports Monsoon Capital LLC,
a $1.20 billion hedge fund firm run by Gautam Prakash, has been hit
hard by a slump in Indian stocks this year. The news may trigger
more redemptions from hedge funds with higher exposure to India,
reports suggest.
No comments:
Post a Comment