Friday, 13 February 2015

Closing Summary, Market Synopsis: 13 th February, 2015

Market shows FM means business; Nifty reclaims 8800 and Sensex jumps 800 point in 4 days: Markets surged on Friday and Nifty reclaimed its crucial psychological level of 8800 on positive global cues and expectations of a growth-oriented Budget. European markets, including Greek shares, were trading with a positive bias in trade, as investors held out hope that a key meeting next week could see Athens reach a deal with its creditors. Meanwhile, Jaitley is seen unveiling a raft of economic reforms in Budget 2015 as the Modi govt looks to revive the economy, generate jobs and encourage investment.
The market breadth indicating the overall health of the market was strong. The Sensex ended higher by 289.8 points at 29094.9 and the Nifty was up 93.95 points at 8505.5. The Indian rupee is trading higher at 62.19 per dollar against previous day's closing value of 62.30 a dollar.

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