Key benchmark indices eked out small gains today, 3 January 2013. The 50-unit S&P CNX Nifty moved past the psychological 6,000 level. The barometer index, BSE Sensex, advanced 50.54 points or 0.26%, up close to 70 points from the day's low and off about 20 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
Indian stocks rose for the third straight day today, 3 January 2013. From a recent low of 19,426.71 on 31 December 2012, the Sensex has risen 338.07 points or 1.74% in three trading sessions. From a 52-week low of 15,664.91 on 6 January 2012, the Sensex has risen 4,099.87 points or 26.17%. The Sensex advanced 86.81 points or 0.44% in December 2012. The barometer index jumped 3,971.79 points or 25.69% in calendar 2012.
IT pivotals rose as US lawmakers early this week reached a last-minute deal to avert the fiscal cliff. Realty stocks gained on fresh buying. Telecom stocks rose on renewed buying.
A bout of initial volatility was witnessed at the onset of the trading session as key benchmark indices pared gains after a firm opening triggered by higher Asian stocks. The Sensex hit its highest level in almost 21 months and the 50-unit S&P CNX Nifty hit its highest level in almost two years at the onset of the trading session. Volatility continued as key benchmark indices regained positive zone after sliding into negative zone from positive zone for a brief period in mid-morning trade. The market retained positive zone in mid-morning trade. The Sensex pared gains in early afternoon trade. The market further trimmed intraday gains in afternoon trade. The 50-unit S&P
CNX Nifty failed to retain the psychological 6,000 level which it had regained in intraday trade. Key benchmark retained positive zone in mid-afternoon trade.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1107.66 crore on Wednesday, 2 January 2013, as per provisional data from the stock exchanges.
The BSE Sensex advanced 50.54 points or 0.26% to settle at 19,764.78, its highest closing level since 6 January 2011. The index advanced 72.06 points at the day's high of 19,786.30 in early trade. The index fell 20.95 points at the day's low of 19,693.29 in morning trade.
The S&P CNX Nifty advanced 16.25 points or 0.27% to settle at 6,009.50, its highest closing level since 6 January 2011. The index hit high of 6,017 and a low of 5,986.55 in intraday trade.
The BSE Mid-Cap index rose 0.77% and the BSE Small-Cap index gained 0.93%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,713 shares rose and 1,263 shares fell. A total of 125 shares were unchanged.
Among the 30-share Sensex pack, 16 declined while the rest of them gained.
