4 August 2014

Live Morning Intraday Tips Market Updates; Sensex rebounds, up 100 pts

The Intraday barometer index, the S&P BSE Sensex, was currently up 82.19 points or 0.32% at 25,563.03. The market breadth indicating the overall health of the market was strong. The Sensex rose 108.39 points to 25589.23 and the Nifty gained 33.30 points at 7635.90. The market breadth indicating the overall health of the market was strong. On BSE, 1,112 shares rose and 357 shares fell. A total of 62 shares were unchanged.
The Nifty touched record high of 7840 in July, gaining 3 percent from June. The rollover in Nifty Futures has been 68 percent, against last three month average of 63 percent and also last six month average of 64 percent, but slightly lower than last month’s 71 percent.
World Intraday share markets had rallied for much of this year on hopes that the U.S. economic growth will pick up while at the same time the Fed will also maintain zero interest rates at least until the middle of next year to support the economy.

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