Stock Market Updates for the Day (14 july '11)
After a weak start and a subsequent fall that kept it in negative territory till a little past noon, the market rebounded sharply as investors indulged in some hectic buying, shrugging off global economic concerns and a weak Indian inflation data. However, a late bout of selling at several counters wiped off most of the gains and resulted in the market closing just modestly higher today.
Asian markets ended on a mixed note with some strong economic data from China aiding a recovery of sorts. However, European markets were mostly lower amid lingering concerns about financial worries in the region.
The Sensex, which spurted to 18,803.05 in late afternoon trade, way off the day's low of 18,449.23, faltered into the red a few minutes before close before finally settling down at 18,618.20, recording a modest gain of 22.18 points or 0.12%.
The broader 50-stock Nifty index of the National Stock Exchange closed at 5599.80, up 14.35 points or 0.26% over its previous closing mark. The Nifty touched a low of 5541.70 and a high of 5653.95 during the session.
Posts
