Wednesday 19 March 2014

Closing Summary, Market Synopsis: 19th March, 2014

Key benchmark indices ended almost flat, off the record highs hit a day earlier, as IT outsourcing companies fell on concerns about their revenues, while investors also booked profits in recent outperformers such as ONGC. Shares of Tata Consultancy Services (TCS.NS) fell as much as 5.1 percent after analysts cited the company as saying revenue growth from software services could be weakening from the previous quarter. CNX Nifty shut shop at 6524 up by 7.4 points.
Global risk factors also weighed on shares ahead of the U.S. Federal Reserve's policy review later in the day and as investors still monitor developments over Crimea and Ukraine. The market breadth, indicating the overall health of the market, was positive,  in Nifty50 stocks the advances to declines stands at 33 advances to 17 declines.

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