Tuesday, 2 December 2014

Closing Summary, Market Synopsis: 2nd December, 2014

Key benchmark indices fell for a second consecutive session on Tuesday, as IT stocks declined on rupee strength and as investors booked profits after the Reserve Bank of India (RBI) kept interest rates unchanged, although signalling a potential easing by early 2015. The RBI held interest rates steady, as widely expected, at a policy review on Tuesday, and said it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit.
The 50-shares Nifty closed down 0.36 percent at 8,524.70, after hitting a record high of 8,623 in the previous session. The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline tied at 25 each.

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