Thursday 31 July 2014

Closing Summary, Market Synopsis: 31st July, 2014


Key benchmark indices fell nearly 1 percent today, marking its biggest single-day fall in nearly 2-1/2 weeks, weighed down by foreign investors' sales after earnings at blue chips such as Maruti Suzuki Ltd failed to impress markets. Foreign investors, who played a major part in the Nifty hitting a record high last week, sold cash shares worth $63.4 million on Wednesday, marking their first sales in 10 days.

The broader Nifty fell 0.9 percent, or 70.10 points, to end at 7,721.30, retreating from previous session close of 7791.4. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 7 advances to 43 declines.

Photo: Closing Market Update:

Key benchmark indices fell nearly 1 percent today, marking its biggest single-day fall in nearly 2-1/2 weeks, weighed down by foreign investors' sales after earnings at blue chips such as Maruti Suzuki Ltd failed to impress markets. Foreign investors, who played a major part in the Nifty hitting a record high last week, sold cash shares worth $63.4 million on Wednesday, marking their first sales in 10 days.
 
The broader Nifty fell 0.9 percent, or 70.10 points, to end at 7,721.30, retreating from previous session close of 7791.4. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 7 advances to 43 declines.

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