Nifty Weekly Range For The Week 05th Nov -- 08th Nov 6166 -- 6460, Either Side Sustaining Will Give More 130 Points More.
Sensex, Nifty scale record high on muhurat trading
Trading for the new Samavat Year 2070 started with exuberance as key benchmark indices achieved new milestones on the occasion of a special live trading session held today, 3 November, 2013 by the stock exchanges on account of Muhurat trading on Diwali to mark the beginning of the new Samavat Year 2070. The market breadth was strong. The S&P BSE Sensex scaled record high on closing as well as on intraday basis.
The 50-unit CNX Nifty also hit a record closing high. The Sensex was up 42.55 points or 0.2%, off close to 80 points from the day's high and up about 30 points from the day's low.
Metal stocks rose on positive economic data in China. Auto stocks were in demand. Hero MotoCorp (HMCL) rose after the company reported its highest-ever despatch and retail sales for any month in October 2013. Tata Motors shrugged off weak October sales.
Key benchmark indices pared gains after opening strongly on special live trading session on account of Muhurat trading on Diwali. The S&P BSE Sensex scaled record high. The 50-unit CNX Nifty scaled highest level in over 5 years. It held firm later during the special trading session. It pared gains and hit fresh intraday low during the ending part of the session.
Foreign institutional investors (FIIs) bought shares worth a net Rs 186.95 crore on Friday, 1 November 2013, as per provisional data from the stock exchanges.
The S&P BSE Sensex was up 42.55 points or 0.2% to 21,239.36, which is a record closing high. The index rose 124.72 points at the day's high of 21,321.53, which is a record intraday high. The index gained 15.15 points at the day's low of 21,212.31.
The CNX Nifty was up 10.15 points or 0.16% to 6,317.35, which is a record closing high. The index hit a high of 6,342.95 in intraday trade, its highest level since 10 January 2008. The index hit a low of 6,311.15 in intraday trade.
The BSE Mid-Cap index rose 1.05% and the BSE Small-Cap index gained 1.37%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1,556 shares rose and 473 shares fell. A total of 96 shares were unchanged.
Among the 30-share Sensex pack, 22 stocks rose and rest of them fell. Sun Pharmaceutical Industries (up 0.95%), Tata Power Company (up 0.85%) and ONGC (up 0.75%), edged higher from the Sensex pack.
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