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Wednesday, 20 August 2014

Closing Summary, Market Synopsis: 20th August, 2014


The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips companies. The falls ended a six-day rally, the longest winning streak since an eight-session run in mid-July. CNX Nifty shut shop at 7875, down by 22 points.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 19 advances to 29 declines, 2 unchanged.

Photo: Closing Market Update:

The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips companies. The falls ended a six-day rally, the longest winning streak since an eight-session run in mid-July. CNX Nifty shut shop at 7875, down by 22 points.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 19 advances to 29 declines, 2 unchanged.

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