After a strong rally, supported by IT stocks the market made
another record high at closing. The Sensex ended at record closing high of
26,147.33, up 121.53 points while the Nifty was at record closing high of
7795.75, up 27.90 points.
IT stocks led gains on the domestic bourses in what was a volatile trading session. The barometer index, the S&P BSE Sensex, was provisionally up 111.73 points or 0.43%, up about 135 points from the day's low and off close to 50 points from the day's high. The 50-unit CNX Nifty hit record high.Asian and European stocks rose after better-than-expected inflation and housing reports in the US on Tuesday, 22 July 2014. However, the broad market showed weakness. The market breadth indicating the overall health of the market was negative.
IT stocks led gains on the domestic bourses in what was a volatile trading session. The barometer index, the S&P BSE Sensex, was provisionally up 111.73 points or 0.43%, up about 135 points from the day's low and off close to 50 points from the day's high. The 50-unit CNX Nifty hit record high.Asian and European stocks rose after better-than-expected inflation and housing reports in the US on Tuesday, 22 July 2014. However, the broad market showed weakness. The market breadth indicating the overall health of the market was negative.
The index jumped 162.84 points at the day's high of 26,188.64 in morning
trade, its highest level since 8 July 2014. The index fell 25.40 points at the
day's low of 26,000.40 in mid-afternoon trade. The CNX Nifty was up 24.55
points or 0.32% to 7,792.40, as per provisional figures. The index hit a high
of 7,809.20 in intraday trade, a lifetime high for the index. The index hit a
low of 7,752.90 in intraday trade. The market breadth indicating the overall
health of the market was negative. On BSE, 1,639 shares fell and 1,330 shares
rose. A total of 90 shares were unchanged.
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