Wednesday 5 August 2015

Sensex rises 151 pts, Midcap shines; IT leads, banks weak ----- 5 Aug 2015

The broader markets continued their outperformance with BSE Midcap and Smallcap indices gaining 0.8 percent and 1 percent, respectively. The market breadth remained strong as about 1803 shares advanced against 1156 shares declined on the Bombay Stock Exchange.

                             
The market rebounded smartly on Wednesday as bulls took control of Dalal Street with benchmark indices rising more than half a percent led by technology stocks.   The 30-share BSE Sensex rallied 151.15 points to 28223.08 and the 50-share NSE Nifty rose 51.05 points to 8567.95. The broader markets continued their outperformance with BSE Midcap and Smallcap indices gaining 0.8 percent and 1 percent, respectively. The market breadth remained strong as about 1803 shares advanced against 1156 shares declined on the Bombay Stock Exchange. 


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