Starting August, various festivals are celebrated in different parts of the country leading to higher sales of commodities ranging from sweets, fruits and food items
Mutual funds bought metal, media, telecom, engineering, and pharma stocks in December
Rising geopolitical uncertainty, a falling dollar and the growing speculative interest in commodities trading will keep crude prices volatile.
The NSE Nifty ended at 2,617, up 44 points. The market breadth turned negative towards the close - out of 2,520 stocks traded, 1,261 declined, 1,163 advanced and the rest were unchanged on Thursday.
The NSE Nifty moved up 16 points at 4,539. Consumer durables and oil & gas stocks gained 1.7% and 1.4%, respectively, while IT stocks lost 0.3%. The market breadth was marginally positive - out of 2,674 stocks traded, 1,481 advanced, 1,109 declined, and 84 were unchanged.
Rising oil prices and inflation worries pushed the index into a negative zone to touch a day's low of 14,846 - down 726 points from its previous close. Realty, IT, banking and oil & gas stocks suffered the most today. The index recovered partially and touch a day's high of 15,203. The NSE Nifty ended (provisional) with a loss of 108 points at 4,520.
The NSE Nifty ended at 2893, down 33 points. The market breadth was marginally positive - out of 2,511 stocks traded, 1,311 advanced and 1,089 declined on Thursday.
The market breadth was negative - out of 2,761 stocks traded, 1,115 advanced, 1,537 declined and 109 were unchanged on Thursday. The NSE Nifty shed 83 points to end at 4,835. Unabated selling in auto, banking and oil & gas stocks forced the index touch a low of 16,196 - down 470 points from previous close.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
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