Indian stocks edged higher for the fourth day in a row today, 7 March 2014. The Sensex has garnered 973.14 points or 4.64% in four trading sessions from a recent low of 20,946.65 on Monday, 3 March 2014. The Sensex has risen 799.67 points or 3.78% in this month so far (till 7 March 2014). The Sensex has risen 749.11 points or 3.53% so far in calendar 2014 (till 7 March 2014). From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 4,471.08 points or 25.62%.
The CNX Nifty garnered 125.50 points or 1.96% to settle at 6,526.65, a record closing high. The index hit a high of 6,537.80 in intraday trade, a new record high, with the index surpassing its previous record high of 6,415.25 hit on 9 December 2013. The index hit a low of 6,413.55 in intraday trade.
Key benchmark indices edged higher in the week ended Friday, 7 March 2014 on speculation the National Democratic Alliance (NDA) will be able to form the next government at Centre. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at record closing high after scaling record high on intraday basis on Friday, 7 March 2014. The market gained in four out of five trading sessions in the week just gone by. The BSE Mid-Cap and the BSE Small-Cap indices underperformed the Sensex during the week.
In the week ended Friday, 7 March 2014, the 30-share S&P BSE Sensex rose 799.67 points or 3.79% to 21,919.79, a record closing high. The 50-unit CNX Nifty gained 249.70 points or 3.98% to 6,526.65, a record closing high.
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