Monday 29 December 2014

Closing Summary, Market Synopsis: 29th December, 2014


Markets end higher led by metals: Markets gained for the second straight session led by metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms. The Sensex ended up 153.95 points at 27395.73 and the Nifty was up 45.60 points at 8246.30. The market breadth indicating the overall health of the market was strong.
Metal and mining stocks were in demand on reports of China's central bank adjusting deposits calculation rules. Pharma stocks rose as rupee edged lower against the dollar.

Photo: Closing Market Update:
Markets end higher led by metals: Markets gained for the second straight session led by metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms. The Sensex ended up 153.95 points at 27395.73 and the Nifty was up 45.60 points at 8246.30. The market breadth indicating the overall health of the market was strong.
Metal and mining stocks were in demand on reports of China's central bank adjusting deposits calculation rules. Pharma stocks rose as rupee edged lower against the dollar.

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