Sensex soars to 2-yr high

Sensex soars to 2-yr high

The benchmark Nifty at National Stock Exchange (NSE) for the first time in 25 months closed above the psychological 5,300 level, up 0.39 per cent or 20.85 points to settle at 5,302.85 points at the closing this day, while the popular Sensex at Bombay Stock Exchange (BSE) rose 66.59 points or 0.38 per cent to close at 17,711.35 points, its highest closing since February 28, 2008. 

The BSE Mid-Cap index rose 0.25 per cent, while the BSE Small-Cap index fell 0.44 per cent.  Simply put, both the indices underperformed the Sensex.

Market breadth was weak
Nifty April 2010 futures were at 5,323, at a premium of 20.15 points over spot closing of 5,302.85. Turnover in NSE’s futures & options (F&O) segment was Rs 57,047.03 crore, lower than Rs 57,814.27 crore on Friday, 26 March 2010 What’s more?  Stocks rose for the fourth day in a row. 

However, the market breadth – indicating the overall health of the market – was weak.  Sector wise, banking, metal, consumer durables and auto stocks rose.
The BSE Mid-Cap index rose 0.25 per cent, while the BSE Small-Cap index fell 0.44 per cent.  Simply put, both the indices underperformed the Sensex.  Nifty April 2010 futures were at 5,323, at a premium of 20.15 points over spot closing of 5,302.85. Turnover in NSE’s futures & options segment was Rs 57,047.03 crore, lower than Rs 57,814.27 crore on Friday, 26 March 2010

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