1 December 2014

Intraday Stock Tips live Updates; Market breadth turns negative from positive

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The intraday market remained quiet as the Nifty is consolidating around the 8600 level while the BSE Midcap gained 0.2 percent. The market breadth is in favour of declines; about 1214 shares advanced while 1560 shares declined on the Bombay Stock Exchange. The 30-share BSE Sensex fell 66.16 points to 28627.83 and the 50-share NSE Nifty slipped 15.40 points to 8572.85.
A bout of volatility was witnessed as key benchmark indices regained positive zone after slipping into the red from green for a brief period in early afternoon trade. The market breadth indicating the overall health of the market turned negative from positive. The barometer index, the S&P BSE Sensex, was currently up 17.30 points or 0.06% at 28,711.29.
Commercial vehicle maker Ashok Leyland sold 7,732 units in November, up 44 percent compared to same period last fiscal, led by strong growth in medium and heavy commercial vehicles sales (M&HCV) M&HCV sales grew by 92 percent to 5,204 units while light commercial vehicle sales fell 5 percent to 2,528 units during the same period. The stock gained 2 percent.

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