Monday 23 June 2014

Closing Summary, Market Synopsis: 23rd June, 2014

Key benchmark indices fell for a fourth straight session on Monday, marking their lowest close in 2-1/2 weeks as ITC Ltd slumped the most in ten months on tax worries, while concerns over high oil prices feeding inflation continued to weigh. CNX Nifty shut shop down 18 points at 7493. Sugar refiners gained after the food minister said on Monday that India would raise import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.
Photo: Closing Market Update:
Key benchmark indices fell for a fourth straight session on Monday, marking their lowest close in 2-1/2 weeks as ITC Ltd slumped the most in ten months on tax worries, while concerns over high oil prices feeding inflation continued to weigh. CNX Nifty shut shop down 18 points at 7493. Sugar refiners gained after the food minister said on Monday that India would raise import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion.
 
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.

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