Wednesday 10 September 2014

Closing Summary, Market Synopsis: 10th September, 2014

Market ended in red for a second consecutive day with Sensex closed lower by 207 points and Nifty finished down by 58 points at 27057.00 and 8094.10 respectively.Though, the recent declines are on back of profit booking following the previous rally, we expect the bull run to remain intact. On BSE, midcap and smallcap closed nominally positive with Midcap up by just 0.08% and Smallcap gained 0.60% at the time of market closing. On sectoral front, IT is lower by 1.56% to be the worst performer while on the flipside, Realty and power were the only positive counters.
Further the market breadth stands positive with 1741 shares are seen advancing against 1272 declining shares.

Photo: Closing Market Update:
Market ended in red for a second consecutive day with Sensex closed lower by 207 points and Nifty finished down by 58 points at 27057.00 and 8094.10 respectively.Though, the recent declines are on back of profit booking following the previous rally, we expect the bull run to remain intact. On BSE, midcap and smallcap closed nominally positive with Midcap up by just 0.08% and Smallcap gained 0.60% at the time of market closing. On sectoral front, IT is lower by 1.56% to be the worst performer while on the flipside, Realty and power were the only positive counters.
Further the market breadth stands positive with 1741 shares are seen advancing against 1272 declining shares.

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