Thursday, 19 December 2013

Closing Summary, Market Synopsis: 19th December, 2013

Key benchmark indices edged lower in choppy trade as the US Federal Reserve's move to cut its bond-buying program rekindled concerns of slowing foreign inflows. The Fed on Wednesday, 18 December 2013, announced plans to cut its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus put in place to help the US economy recover from the worst recession since the 1930s. The reduced availability of cash in the global financial system could temper the flow of foreign money into India, which has been one of the biggest beneficiaries of foreign capital.
CNX Nifty closed down by 50 points at 6166.65. The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks the advance to decline stands at 14 advances to 36 declines.

No comments:

Post a Comment