Tuesday, 17 December 2013

Closing Summary, Market Synopsis: 17th December, 2013

Key benchmark indices reversed direction after holding positive zone till afternoon trade as European stocks dropped. The S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at their lowest level in more than 2-1/2 weeks. CNX Nifty shut shop down 16 points at 6139. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stands at 23 advances to 27 declines.
A widely expected hike in repo rate by the Reserve Bank of India (RBI) after a monetary policy review tomorrow, 18 December 2013, weighed on stock prices as key benchmark indices dropped for the sixth day in a row.

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