Market Watch

Monday, 9 June 2014

Stock Tips Alert: Metal & Mining Stocks Rose

Metal and mining stocks rose on good Chinese economic data.
Key benchmark indices strengthened in afternoon trade as European stocks edged higher in opening trade.  
Sentiment was boosted after President Pranab Mukherjee said in his speech addressing a joint sitting of Parliament that reforms will be undertaken to enhance the ease of doing business.
The market edged higher in early trade. A bout of volatility was witnessed as key benchmark indices pared gains once again after regaining strength in morning trade.
Bajaj Auto (up 5.82%), Coal India (up 4.95%) and L&T (up 3.04%) edged higher from the Sensex pack.
Jindal Steel & Power was up 1.56% at Rs 345. The stock hit 52-week high of Rs 350 in intraday trade.
The market breadth indicating the overall health of the market was strong.
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