10 March 2014

VOLATILITY CONTINUED IN MARKET

On Monday Volatility continued in mid-morning trade .. Nifty future scaled fresh record high in early trade. It pared gains and swung between positive and negative terrain near the flat line after regaining strength in morning trade, it trimmed losses after slipping into the red in mid-morning trade.
The Sensex hit a fresh record high, with the index crossing the psychological 22,000 mark for the first time in history. But, the Sensex slipped below that mark shortly later. The Sensex was down 32.63 points or  up about 80 points from the day's low and off close to 120 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
Most bank stocks gained with HDFC Bank scaling record high.
Weakness in Asian stocks dampened sentiment. 
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