21 January 2014

MID DAY NEWS OF STOCK MARKET FOR 21st jan 2014

WORLD MARKET INDICATES extended initial gains and hit fresh intra day high in morning trade. the S&P BSE Sensex, was up 75.69 points or 0.36%, up about 75 points from the day's low and off close to 5 points from the day's high. The market breadth, indicating the overall market, was strong. Gains in Asian stocks boosted sentiment on the domestic bourses. The market sentiment was also showing that foreign funds were net buyers of Indian stocks on Monday, 20 January 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 384.89 crore on Monday, 20 January 2014, as per provisional data from the stock exchanges.
Among IT stocks, HCL Technologies scaled record high. Capital goods stocks edged higher. Most power distribution firms rose while power generation firms were mixed after Maharashtra state government on Monday, 20 January 2014, announced a 20% reduction in power tariff in the state, excluding the financial capital Mumbai. Among FMCG stocks, Emami rose on strong Q3 result.
The market edged higher in early trade on firm Asian stocks. The Sensex extended initial gains and hit fresh intra day high in morning trade.
Asian stocks edged higher on Tuesday, 21 January 2014, as China's money-market rates dropped after the central bank pumped funds into the financial system.
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