Thursday, 14 August 2014

Closing Summary, Market Synopsis: 14th August, 2014

Key benchmark indices edged higher after seeing volatility during the second half of the trading session. Nifty shut shop at 7791.7, up by 52 points. The key trigger for today's gains was weaker-than-expected US retail sales data which reinforced speculation that the Federal Reserve won't rush to raise rates. The Fed has kept short-term US interest rates near zero since December 2008, bolstering demand for emerging-market assets as investors seek higher yield. The market sentiment was boosted by data showing that foreign portfolio investors (FPIs) were net buyers of Indian stocks on Wednesday, 13 August 2014.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.

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