Friday, 20 February 2015

Closing Summary, Market Synopsis: 20th Februaury, 2015

Markets snap seven day winning streak; RIL dips 3%: Markets snapped seven day winning streak on sustained selling in energy and IT shares with Reliance contributing the most to the decline after one of its employees was arrested by the Delhi Police for illegally sourcing government documents. Further, caution prevailed across the bourses ahead of the Union Budget to be presented in the forthcoming week. The market breadth indicating the overall health of the market was negative. The Sensex ended lower by 230.8 points at 29231.4 and the Nifty was down 61.7 points at 8833.60. The Indian rupee is trading higher by 13 paise at 62.21 per dollar versus 62.34 Wednesday.

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