Monday, 27 April 2015

Closing Summary, Market Synopsis: 27 th April, 2015

Nifty slips below 8,250 to end near four-month low: Markets ended lower for the third straight day as concerns over retrospective tax on foreign funds and weak corporate earnings continue to weigh on market sentiment. Further, investors are cautious ahead of the expiry of April derivatives contracts due on Thursday and the two-day meet of Federal Open Market Committee (FOMC) in which the Federal Reserve is likely to signal its stance on key policy rates. The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty slipped below its 200-day simple moving average to end 91 points lower at 8,214.

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