Wednesday, 1 April 2015

Closing Summary, Market Synopsis: 1 st April, 2015

FY15-16 begins on a firm note as markets snap 3-week losing streak: Markets end the first session of FY 15-16 on a firm note on renewed buying interest in FMCG, Healthcare and financials with Sun Pharma contributing the most to the gains ahead of record date set for the merger with Ranbaxy. However, technology stocks emerged as the only under-performers in today’s trade after HCL Technologies warned of adverse cross currency impact on the company's revenue and EBIT in Q3 March 2015 in pre-quarter earnings update. The 30-share Sensex gained 303 points to end at 28,260 and the 50-share Nifty soared 95 points to close at 8,586. The currency market is closed today on account of banks' holiday.

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