Monday 16 June 2014

Closing Summary, Market Synopsis: 16th June, 2014

Key benchmark indices fell for a second straight session on Monday to its lowest close in 1-1/2 weeks on risk aversion among investors due to tensions in Iraq and Ukraine, Brent crude rose above $113 per barrel to a near nine-month high as Sunni insurgents advanced in Iraq, intensifying concerns over a potential disruption in oil exports, while Ukraine also added to investors' concerns.

Wholesale price-based inflation in May accelerated to a five-month high of 6.01 percent, driven up by higher food and fuel costs, government data showed. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.
Photo: Closing Market Update:
Key benchmark indices fell for a second straight session on Monday to its lowest close in 1-1/2 weeks on risk aversion among investors due to tensions in Iraq and Ukraine, Brent crude rose above $113 per barrel to a near nine-month high as Sunni insurgents advanced in Iraq, intensifying concerns over a potential disruption in oil exports, while Ukraine also added to investors' concerns.
 
Wholesale price-based inflation in May accelerated to a five-month high of 6.01 percent, driven up by higher food and fuel costs, government data showed. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.

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