Closing Summary- Market Synopsis- 27 December, 2011

The topsy-turvy ride of the Indian market continued till the end of today’s session. Traded volumes remained light, inspite of the fact that the F&O expiry is just two days away. The Sensex and the Nifty lacked sense of direction. The broader market too was more or less subdued. The undercurrent was cautious as a strong report on the infrastructure output was countered by concerns about the Government’s fiscal deficit and tight liquidity. The fact that most global markets are in festival mood hasn’t helped matters either. Most market participants are seemed to be following the ‘wait-and-watch’ mode right now.
The Sensex and the Nifty recovered from their intraday lows and closed mid way. The midcap and the small-cap have closed negative.
(Pic. Source- bseindia.com)