Jan 08

Daily Market Commentary – 8 June 2015

After continous two day loosing streak, Indian benchmark indices rebounded & opened with gap in the early morning trades and remained positive throughout the day. The Sensex ended up 365.89 points or 1.4 percent at 27274.71 and the Nifty was up 132.50 points or 1.6 percent at 8234.60.

The broad based index rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank on value buying.

Sentiment also got a boost after upbeat US employment data and a halt to a slide in oil eased investor concerns about the global economy.

Among the sectoral indices CNX REALTY led the list,gains 3.09% followed by CNX FINANCE (2.22%), BANK NIFTY (2.17%), CNX FMCG (2.03%) and CNX PSU BANK (1.79%).

USDINR pair continued its losing streak by ending at 62.74 plunging -0.44 paise against the wednesday close.

Market breath of NSE remained positive for the day 1237 shares advance, 295 shares declines and 53 remained unchanged.

Among the 50 stocks of Nifty 48 shares ended in green terrain and 2 in red.

Top 5 NIFTY Gainers: ASIANPAINT (6.45%), DLF (5.68%), KOTAKBANK (5.62%), BPCL (5.50%), JINDALSTEEL (5.09%).

Top 5 NIFTY Losers: RELIANCE (-1.32%) and ZEE (-0.10%) are only losers

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