Monday, 16 March 2015

Closing Summary, Market Synopsis: 16 th March, 2015

Markets retreat ahead of US Fed meet: Markets ended lower, amid a choppy trading session as institutional investors booked profits on caution ahead of the two-day US Federal Reserve policy meet which begins tomorrow while further contraction in February WPI data weighed on investor sentiment. The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633. On the currency front, The Indian rupee gained 15 paise to 62.80 against the US dollar on Monday at the Inter-bank Foreign Exchange market on fresh selling of the US dollar by exporters.

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