Wednesday, 29 April 2015

Closing Summary, Market Synopsis: 29th April, 2015

Nifty ends below 8,250 ahead of April F&O expiry: Markets ended lower on selling pressure by foreign funds amid worries surrounding retrospective taxation with index heavyweights HDFC and ITC leading the decline. Meanwhile, investors remained cautious ahead of the April F&O expiry due tomorrow.The 30-share Sensex dropped 170 points to end at 27,226 and the 50-share Nifty lost 46 points to close at 8,240. The rupee was trading flat against the US dollar today at the Interbank Foreign Exchange. The weakness in dollar against other currencies overseas on weaker US data capped the rupee’s fall.

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