Wednesday, 24 September 2014

Closing Summary, Market Synopsis: 24th September, 2014

Key benchmark indices fell for a second straight day as resources firms such as Jindal Steel and Power Ltd, and public sector lenders that lent to them, slumped after the Supreme Court cancelled most coal blocks allocated since 1993. The Sensex provisionally fell 0.12 percent to 26,744.69 points, while the Nifty ended 0.19 percent lower at 8,002.40 points.  Foreign portfolio investors (FPIs) sold shares worth a net Rs 1185.17 crore yesterday, 23 September 2014, as per provisional data.
The market breadth indicating the overall health of the market was negative. In Nifty50 stocks, the advance to decline stood at 22 advances to 27 declines, 1 unchanged.

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