Mid Market-Sensex remains on firm footing on robust global cues Analysis for Jun 20, 2012

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The key domestic benchmarks were trading on a firm note in the positive terrain tracking robust cues from their Asian counterparts. Most Asian markets rose on Wednesday amid speculation that the US Federal Reserve may announce further measures to spur growth in the world"s largest economy. Fed began a two-day policy meeting on Tuesday. While concerns over Europe"s debt crises eased after Greece looked set to form a coalition government.

At 12:23PM, BSE SENSEX was at 16,910.26, up by 50.46 points or by 0.30 per cent and the NSE Nifty was at 5,123.6, up by 19.75 points or by 0.39 per cent.

The BSE Sensex touched intraday high of 16,943.55 and intraday low of 16,864.64 The NSE Nifty touched intraday high of 5,134.65 and intraday low of 5,106.1.

Meanwhile, the BSE MIDCAP was at 5,945.11, up by 39.63 points or by 0.67 per cent, while the BSE SMLCAP was at 6,355.15, up by 48.6 points or by 0.77 per cent.

On the Sectoral front, Capital Goods and Healthcare were up 1.39 per cent and 1.21 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3369, shares advanced were 1505 while 888 shares declined and 976 were unchanged.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 1598.10,+3.51%), Tata Motors Ltd. (Rs. 245.65,+3.08%), Bharat Heavy Electricals Ltd. (Rs. 216.50,+2.34%), Jindal Steel & Power Ltd. (Rs. 437.25,+2.21%), Hero MotoCorp Ltd. (Rs. 2044.25,+1.85%), among others.

Story first published: Wednesday, June 20, 2012, 13:20 [IST]
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