Tuesday 22 April 2014

Closing Summary, Market Synopsis: 22nd April, 2014


Key benchmark indices ended almost flat on Tuesday after hitting record highs for a second consecutive session as the momentum waned ahead of the expiry of monthly derivative contracts and on expectations that current levels sufficiently price in fundamentals. CNX Nifty shut shop at 6815 down by 2 points. The Sensex closed 0.03 percent lower at 22,758.37 after gaining as much as 0.39 percent to an all-time high of 22,853.03.

Shares of HDFC Bank edged higher after good Q4 March 2014 results. MRF dropped in choppy trade after weak Q2 March 2014 results. Shares of other tyre makes also edged lower after MRF's weak Q2 results. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 19 advances to 30 declines, 1 unchanged.

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