Monday, 9 February 2015

Closing Summary, Market Synopsis: 9th February, 2015

Markets end lower for the seventh straight session: Benchmark indices finished lower for the seventh straight session as investors remain wary ahead of the Delhi assembly election result due tomorrow. Sustained selling by funds and retail investors, discouraging third quarter earnings by some blue-chip companies including GAIL, L&T and Tata Steel coupled with weakness in the rupee dampened the sentiments of the market participants.
The weakness on the bourses was broad based. The market breadth indicating the overall health of the market was quite weak, with more than two losers for every gainer. The Sensex ended lower by 490.5 points at 28227.3 and the Nifty was down 134.7 points at 8826.35. The Indian rupee is trading sharply lower at 62.11 to the US dollar compared to previous close of 61.69 as demand for greenback was high due to constant FII out-flows.

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