For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Post Session- Sensex posts marginal gains but growth concerns remain Analysis for May 24, 2013

By Religare
|

The key domestic benchmarks rebounded from yesterday"s heavy sell-off as the Sensex closed higher on Friday amid mixed cues from Asian markets. However, the gains in the bourses were trimmed by comments from rating agency Moody"s which was unsure whether the slowdown in the Indian economy had bottomed-out, weighing on sentiment. Asian markets ended on a mixed note as concerns remain over the outlook for the US and Chinese economy amidst weakness in manufacturing.

 

The BSE SENSEX closed at 19,704.33, up by 30 points or by 0.15 per cent and the NSE Nifty ended at 5,983.55, up by 16.5 points or by 0.28 per cent.

The BSE Sensex touched intraday high of 19,833.14 and intraday low of 19,568.49. The NSE Nifty touched intraday high of 6,015.3 and intraday low of 5,936.8.

Meanwhile, the BSE MIDCAP closed at 6,387.13, up by 23.31 points or by 0.37 per cent, while the BSE SMLCAP ended at 5,992.46, up by 18.01 points or by 0.30 per cent.

On the Sectoral front, Consumer Durables and Capital Goods rose 1.86 per cent and 1.61 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 2491, shares advanced were 1223 while 1118 shares declined and 150 were unchanged.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 313.15,+4.56%), Tata Power Company Ltd. (Rs. 91.40,+3.75%), Larsen & Toubro Ltd. (Rs. 1456.90,+2.70%), ICICI Bank Ltd. (Rs. 1204.00,+2.60%), Sterlite Industries (India) Ltd. (Rs. 93.55,+1.63%), among others.

Read more about:
Story first published: Friday, May 24, 2013, 18:20 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more