Monday 26 May 2014

Closing Summary, Market Synopsis: 26th May, 2014

Indian equity markets opened on a positive note which took Nifty higher to breach the 7500.00 level before a late session selloff sent the gauge to test the low of 7269.05, led by profit booking sentiments of traders.This was following the steep gains in past couple of sessions. Nifty closed at 7359.05, lower by 8 points while Sensex managed to end in green with a very nominal gain of 23 points at 24716.88, after testing an intraday high of 25175.22 on Monday. Midcap and Smallcap were down by 2.11% and 2.44% respectively. On sectoral front, Realty was the worst performer to ease more than 5% while on flipside, Auto sector logged the maximum gain of 1.47% at the time of market closing.
Further the market breath stands negative with 1362 shares were seen advancing against 1660 declining shares.
Photo: Closing Market Update:
Indian equity markets opened on a positive note which took Nifty higher to breach the 7500.00 level before a late session selloff sent the gauge to test the low of 7269.05, led by profit booking sentiments of traders.This was following the steep gains in past couple of sessions. Nifty closed at 7359.05, lower by 8 points while Sensex managed to end in green with a very nominal gain of 23 points at 24716.88, after testing an intraday high of 25175.22 on Monday. Midcap and Smallcap were down by 2.11% and 2.44% respectively. On sectoral front, Realty was the worst performer to ease more than 5% while on flipside, Auto sector logged the maximum gain of 1.47% at the time of market closing.
Further the market breath stands negative with 1362 shares were seen advancing against 1660 declining shares.

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