India Market Wrap - August 30, 2013 - Standard Chartered Securities

- In early trade, a bout of volatility was witnessed as key benchmark indices trimmed losses after slipping into the red after a positive opening.

- Regained positive terrain and hit fresh intraday high in morning trade, with gains in Asian stocks boosting investor sentiment.

- Extended gains and hit fresh intraday high in mid-morning trade.

- A bout of volatility was witnessed as the bourses trimmed gains after hitting fresh intraday high in early afternoon trade as Asian stocks reversed intraday gains and as weakness in European stocks hurt sentiment.

- Markets regained positive zone after slipping into the red for a brief period in afternoon trade.

- Sensex ended higher 219 points and Nifty closed 63 points in the green.

- Small Cap Index and Mid Cap Index underperformed relative to the Sensex. Mid-Cap Index was flat and Small-Cap Index ended 0.2% higher.

- Market breadth: Positive. Advances were 1.1 times Declines.

Source : Equity Bulls

Keywords