12 February 2014

NIFTY MARKET MID SESSION UPDATES FOR 12-FEB-2014

Market  extended gains and hit fresh intraday high in morning trade as firmness in Asian stocks boosted sentiment. The Sensex hit highest level in almost two weeks. The 50-unit CNX Nifty scaled two-week high. The Sensex was up 118.14 points off close to 25 points from the day's high and up about 50 points from the day's low. The market breadth, indicating the overall health of the market, was strong. Except BSE Metal index, all the other sectoral indices on BSE were in the green.
Tata Motors extended Tuesday's gains triggered by the company reporting strong Q3 earnings. Index heavyweight Reliance Industries (RIL) rose after the company issued a media statement after the direction of the Delhi Government to order the registration of an FIR in relation to the decision of Union Cabinet to revise the price of gas.
The market edged higher in early trade. It extended gains and hit fresh intraday high in morning trade.
Asian shares rallied for a fourth straight session on Wednesday, as upbeat trade data from China and an optimistic economic outlook from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk.
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