Market Watch

Monday, 2 June 2014

Stock Tips: Market Hits Fresh Intraday High

Key benchmark indices hit fresh intraday high in afternoon trade after a manufacturing sector survey showed that production volumes at Indian manufacturers continued to rise in the month just gone by.
The S&P BSE Sensex was at 24,613.85, up 396.51 points or 1.64 per cent. It touched a high of 24,631.58 and a low of 24,270.20 in trade today.
The S&P BSE Midcap Index was up 1.90 per cent and the S&P BSE Smallcap Index gained 1.51 per cent.
Shares in India's Hero MotoCorp Ltd gain as much as 2.4 percent after Morgan Stanley upgrades the motorcycle maker to "overweight" from "equal-weight" and raises its price target to 2,723 rupees from 1,747 rupees.
The market breadth indicating the overall health of the market was strong, with almost two gainers for every loser on BSE.

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