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The Indian Stock market has finally wrapped up trading for 2014 on a good note. After some massive gains in the later half of the year, the Sensex ended up 95.88 points at 27499.42, and the Nifty was up 34.45 points at 8282.70 on Wednesday. About 1671 shares have advanced, 1196 shares declined, and 126 shares were unchanged. BHEL was up 3 percent while NTPC, Dr Reddy's Labs, Reliance and Tata Power are gainers in the Sensex while M&M, HDFC Bank, Bajaj Auto, Maruti and HUL are losers.
Equity benchmarks continued to trade with a positive bias with the Nifty holding above 8250 while midcap and smallcap outperformed. The market breadth was positive; about 1605 shares have advanced while 1127 shares declined on the Bombay Stock Exchange. The Sensex climbed 82.80 points to 27486.34 and the Nifty rose 27.10 points to 8275.35 while the BSE Midcap and Smallcap indices gained 1 percent each.
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The Indian Stock market has finally wrapped up trading for 2014 on a good note. After some massive gains in the later half of the year, the Sensex ended up 95.88 points at 27499.42, and the Nifty was up 34.45 points at 8282.70 on Wednesday. About 1671 shares have advanced, 1196 shares declined, and 126 shares were unchanged. BHEL was up 3 percent while NTPC, Dr Reddy's Labs, Reliance and Tata Power are gainers in the Sensex while M&M, HDFC Bank, Bajaj Auto, Maruti and HUL are losers.
Equity benchmarks continued to trade with a positive bias with the Nifty holding above 8250 while midcap and smallcap outperformed. The market breadth was positive; about 1605 shares have advanced while 1127 shares declined on the Bombay Stock Exchange. The Sensex climbed 82.80 points to 27486.34 and the Nifty rose 27.10 points to 8275.35 while the BSE Midcap and Smallcap indices gained 1 percent each.
Telecom
stocks remained in focus. Telecom Regulatory Authority of India released
recommendations on reserve price and valuation for 2100 megahertz. Reserve
price pan-India kept at Rs 2,720. Analysts say overall, reserve price is on the
higher side and only serious players are expected to bid. The rupee recovered
further, currently trading at 63.20 a dollar, up 18 paise compared to previous
day's closing value of 63.38.
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