Market Watch

Friday, 13 June 2014

Stock Tips Alert: Indian Markets Trading Higher

Indian markets were trading higher despite muted trend seen in other Asian markets, which were trading lower after crude oil scaled to nine-month highs as escalating civil war in Iraq hit risk appetite.
The S&P BSE Sensex which rallied over 100 points in opening trade on Friday pared most of its intraday gain and was now trading in a narrow range with a positive bias.
Shares of India's Edelweiss Financial Services rise 7.5 percent after billionaire investor Rakesh Jhunjhunwala bought a 1.3 percent stake in the company via a bulk deal on Thursday, according to exchange data.
Asian stocks fell on Friday as escalating civil war in Iraq hit risk appetite.
The market breadth indicating the overall health of the market was strong. On BSE, 829 shares rose and 298 shares fell. A total of 24 shares were unchanged.
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