U.S. budget situation undermines the strength on the domestic markets showed strong the better. Sensex up 137 points 19517 and Nifty closed at 5780 up 45 points. Midcap and Smallcap stocks were 0.5 percent stronger. The good news was long associated with the domestic economy.
India’s CAD for Q1FY14 widened to 4.9 per cent of GDP to $21.8 billion in the April-June quarter of the current fiscal. The figures were narrower than expected but comparatively higher than 3.6 percent of GDP in the previous quarter ended March 2013.
DLF 7.15%, Ranbaxy 5.92%, Induslnd bank 4.68%, Axis bank 3.74%, ICICI bank 3.50%, were among Sensex gainers.
Tata power 4%, Sesa Goa 3.15%, NTPC 2.51%, ONGC 2.24%, and Jindal steel 1.68% were among top losers.
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