Indian Markets closed higher on Thursday on Fed comments - Microsec

The market closed high on Thursday after the Federal Reserve chairman Ben Bernanke announced that the Fed is not in a hurry to raise short term rates and that rates will remain low to aid recovery.

Nifty closed at 5935.10 up by 118.40points or 2.04% over the previous day closing of 5816.70 after witnessing a low of 5887.95 and a high of 5948.85. Sensex closed at 19676.06 up by 381.94 points or 1.98% over the previous day closing of 19294.12.It touched an intraday low of 19468.46 and high of 19723.51.

The markets' breadth was positive. Out of 2479 stocks traded 1366 stocks advanced, 964 stocks declined and 149 stocks remained unchanged. In Sensex, Out of 30 stocks 27 stocks advanced and 03 stocks declined.

Among the sectors, BSE Metal, BSE Bankex and BSE Realty were the main gainers of the day which increased by 3.00%, 2.48% and 2.44% respectively.

In BSE Metal sector, Sesa Goa, Sterlite Inds, and Hindalco Inds increased by 5.89%,4.78% and 4.74% respectively. In BSE Bankex HDFC Bank, Indusind Bank and Union Bank advanced by 3.32% 2.96% and 2.71% respectively. In BSE Realty sector, Indiabulls Real estate, HDIL and Unitech increased by 12.17% 3.22% and 3.01% respectively.

Source : Equity Bulls

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