Friday, 29 May 2015

Closing Summary, Market Synopsis: 29th May, 2015

Markets finish higher on first day of June F&O series: Markets finished the first day of the June F&O series on a strong note led by a stellar rally in the auto and banking stocks on hopes of rate cut at RBI’s policy meet due on June 2. Smart recovery in the rupee further boosted the sentiments. The Sensex zoomed 322 points to finish at 27,828 levels while the Nifty surged 115 points to close at 8,434 mark. The rupee edged higher by 5 paise to 63.75 against the dollar at the Interbank Foreign Exchange due to increased selling of the US currency by exporters and banks.

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