Market Watch

Thursday, 28 August 2014

Stock Trading Tips:Sensex Scales Record High

The S&P BSE Sensex rallied over 80 points to hit its fresh record high of 26642.81 in trade on Thursday ahead of August F&O expiry. The rally in the index was led by gains in L&T, ICICI Bank, RILBSE 0.44 % and HDFC.
The CNX Nifty was up 20.95 points or 0.26% to 7,957. The index hit a high of 7,964.65 in intraday trade. The index hit a low of 7,942.25 in intraday trade.
Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major L&T, state-run GAIL and BHEL advanced over a percent.
Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.
However, Infosys, SBI, Sun Pharma, Hindalco, Cipla, NTPC, Hero Motocorp and Tata Power declined 0.5-0.8 percent.
The market breadth indicating the overall health of the market was strong. The market sentiment was also boosted by provisional data showing that foreign funds were net buyers of Indian during the previous trading session. 

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