Closing Summary- Market Synopsis- 14 December, 2011

In a highly volatile trade, the benchmark indices opened slightly negative but staged a smart recovery within half an hour of trade. The uptrend continued until late morning session. However, disappointing inflation data wiped off major gains as selling emerged across the board. Further, reports suggesting a potential petrol price hike tomorrow, ahead of Reserve Bank of India’s (RBI) credit policy meet, dampened overall investor mood. The benchmark indices closed near the days lows with Sensex falling by 121 points to close at 15881 and Nifty  closing at 4763, down by 37 points.
(Pic. Source- bseindia.com)