Tuesday, 19 May 2015

Closing Summary, Market Synopsis: 19 th May, 2015

Markets end higher led by financials, IT stocks: Benchmark indices ended higher, amid choppiness, supported by strong buying among software and financial shares.However, the broader markets under-performed the benchmark indices-the BSE Mid-cap index ended absolutely flat%, whereas the Small-cap index ended marginally positive.The Sensex ended higher by 191.68 points at 27,837.21 and the Nifty closed at 8,423.25, up 57.60 points. On the currency front, the rupee depreciated to 63.76 against the US dollar at the Interbank Foreign Exchange due to appreciation of the American currency overseas riding on strong economic data. Further, Reserve Bank of India (RBI) Governor Raghuram Rajan reportedly said yesterday that inflation has come down tremendously in India.

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