Friday, 15 May 2015

Closing Summary, Market Synopsis: 15 th May, 2015

Nifty ends above 8,250 led by financials: Benchmark indices ended firm led by a smart rally in the Index heavyweights on hopes of rate cut. The unlikely rate hike by the Federal Reserve coupled with calmer conditions in the bond market boosted the market sentiments. The 30-share Sensex gained 118 points to end at 27,324 and the 50-share Nifty climbed 38 points to close at 8,262. The market breadth indicating the overall health of the market was positive. In overseas markets, European stocks edged higher after overnight rally on Wall Street and further signs that stability was returning to bond markets after a recent rout. Asian stocks were mixed. The rupee is trading strong by five paise at 63.60 against the dollar tracking firm local equities amid sustained dollar selling by exporters.

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