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Wednesday, October 13, 2010

Indian Stock Indices all in green - up 485 pts



Stock purchasing by Foreign Institutional investors returned back in Indian stock markets backed by the news of fed regarding new stimulus for US economy revival. The higher opening of major European stock indices also boosted Indian stock markets towards the end of the day today.

The day saw large purchasing at Dalal street as the oldest Asian stock Exchange Bombay Stock Exchange closed on a positive note with all the sub indices closing well over 1 percent up.

The 30 component benchmark index Sensex closed finally at 20687.88 up by 484.54 points at EOD. The index touched a high of 20703.97 and low of 20211.66 during intraday trading today. Market breadth was positive on the BSE with 1928 advances against 1066 declines. Both Midcap index and Small cap index too closed up by over 1 percent today.

The same mood was prevelant at National Stock Exchange as was seen at closing of NIFTY today. The broader index Nifty closed at 6233.90, up by huge 143 points. The index touching the high of 6240.25 in trading hours today.

The sectoral indices of BSE were also in happy mood as all of them closed up, BSE IT Index closed up by almost 3.15 percent, BSE Capital Goods Index also gained 2.68 percent today and BSE Realty Index moved 2.51 percent higher.

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