Sensex hits highest level in nearly 9 weeks
Key benchmark indices extended intraday gains to hit fresh intraday high in early afternoon trade as Asian stocks rose. The S&P BSE Sensex hit highest level in almost 9 weeks. The Sensex was up 113.72 points or 0.56%, up about 200 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
Ambuja Cements dropped after a foreign brokerage firm downgraded the stock to neutral from outperform. IT stocks rose, with Tech Mahindra hitting 52-week high. Sun Pharmaceutical Industries and Hindalco Industries extended intraday gain.
A bout of initial volatility was witnessed as key benchmark indices trimmed losses after a weak opening. The Sensex reversed initial losses and moved into positive zone in morning trade. The market hovered in positive terrain in mid-morning trade. The Sensex extended intraday gains in early afternoon trade.
The market may remain volatile this week as traders roll over positions in the futures & options (F&) segment from the July 2013 series to August 2013 series. The near month July 2013 derivatives contracts expire on Thursday, 25 July 2013.
Foreign institutional investors (FIIs) bought shares worth a net Rs 252.26 crore on Friday, 19 July 2013, as per provisional data from the stock exchanges.
The CNX Nifty was up 32.65 points or 0.54% to 6,061.85. The index hit a high of 6,064.15 in intraday trade. The index hit a low of 6,004.25 in intraday trade, its lowest level since 18 July 2013.
The market breadth, indicating the overall health of the market, was positive. On BSE, 943 shares gained and 890 shares fell. A total of 123 shares were unchanged.
Key benchmark indices extended intraday gains to hit fresh intraday high in early afternoon trade as Asian stocks rose. The S&P BSE Sensex hit highest level in almost 9 weeks. The Sensex was up 113.72 points or 0.56%, up about 200 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
Ambuja Cements dropped after a foreign brokerage firm downgraded the stock to neutral from outperform. IT stocks rose, with Tech Mahindra hitting 52-week high. Sun Pharmaceutical Industries and Hindalco Industries extended intraday gain.
A bout of initial volatility was witnessed as key benchmark indices trimmed losses after a weak opening. The Sensex reversed initial losses and moved into positive zone in morning trade. The market hovered in positive terrain in mid-morning trade. The Sensex extended intraday gains in early afternoon trade.
The market may remain volatile this week as traders roll over positions in the futures & options (F&) segment from the July 2013 series to August 2013 series. The near month July 2013 derivatives contracts expire on Thursday, 25 July 2013.
Foreign institutional investors (FIIs) bought shares worth a net Rs 252.26 crore on Friday, 19 July 2013, as per provisional data from the stock exchanges.
The CNX Nifty was up 32.65 points or 0.54% to 6,061.85. The index hit a high of 6,064.15 in intraday trade. The index hit a low of 6,004.25 in intraday trade, its lowest level since 18 July 2013.
The market breadth, indicating the overall health of the market, was positive. On BSE, 943 shares gained and 890 shares fell. A total of 123 shares were unchanged.
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