Saturday, 31 December 2011

Closing Summary- Market Synopsis- 30 December, 2011

The markets ended the last trading session of the calendar year 2011 in the red as profit booking in index heavyweight Reliance Industries spooked sentiments. The benchmarks have fallen around 25 percent in 2011. On the global front, Asian stocks registered the first annual loss in three years, having shed nearly a fifth of their value. Europe's debt crisis and financial turmoil took a toll on investors' risk appetite, driving them to safer assets such as the US dollar and gold. Nifty ended at 4624, down 22 points while Sensex closed at 15454, down 89 points from previous close.
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