Market shrugs off political uncertainty; Sensex garners 1274 points in three days
The market notched decent gains amid intra-day volatility, extending its winning streak to third straight trading session ahead of the government's trust vote in parliament to be held on Tuesday, 22 July 2008. A strong rally in Asian stocks lifted the investor sentiment. Healthcare pivotals were in demand. Banking stocks notched up modest gains even as capital goods shares declined.
Prime Minister Dr Manmohan Singh today, 21 July 2008, morning moved the confidence motion in Lok Sabha. Earlier, Dr Singh asserted that his government will win the vote of confidence
BSE Sensex gained 214.64 points or 1.57% at 13,850.04.
S&P CNX Nifty advanced 67.25 points or 1.64% at 4159.50.
As per provisional data released by the stock exchanges after trading hours, foreign funds today, 21 July 2008, sold shares worth a net Rs 62.22 crore. Domestic funds sold shares worth a net Rs 230.96 crore.
The market breadth was weak on BSE with 1169 shares advancing as compared to 1362 that declined. 85 remained unchanged.
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