Friday, 27 February 2015

Closing Summary, Market Synopsis: 27th Febbruary, 2015

Sensex ends above 29000; Economic Survey lift the sentiments: Benchmark indices ended firm on Friday post the release of the Economic Survey which estimated India’s GDP growth between 8.1 and 8.5 per cent in 2015-16. Further, heavy buying by the market participants ahead of the Union Budget tomorrow lifted the trading sentiments. The market breadth indicating the overall health of the market was strong. The Sensex ended higher by 473.4 points at 29220.1 and the Nifty was up 160.7 points at 8844.6. The Indian rupee witnessed profit taking after recent gains against the US dollar in the previous few sessions. The currency is trading marginally lower at 61.79 compared to the previous close of 61.75 at the Interbank Foreign Exchange after the US dollar appreciated against other currencies. On Thursday, the rupee had hit fresh three-week high on the back of dollar sales by banks and exporters.

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