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Monday, 27 October 2014

Closing Summary, Market Synopsis: 27th October, 2014


Key benchmark indices fell on Monday, retreating from a more than one-month high hit earlier in the session as investors booked profits after recent strong gains, while consumer goods maker Hindustan Unilever slumped after it warned the country's consumer spending will remain weak in the near term. The broader Nifty lost 0.29 percent, or 22.85 points, to end at 7,991.70, closing below the psychologically important 8,000-level.
The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 20 advances to 30 declines.
Photo: Closing Market Update:
Key benchmark indices fell on Monday, retreating from a more than one-month high hit earlier in the session as investors booked profits after recent strong gains, while consumer goods maker Hindustan Unilever slumped after it warned the country's consumer spending will remain weak in the near term. The broader Nifty lost 0.29 percent, or 22.85 points, to end at 7,991.70, closing below the psychologically important 8,000-level.
The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 20 advances to 30 declines.

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