Monday, 22 December 2014

Closing Summary, Market Synopsis: 22nd December, 2014

Markets hit highest level in more than a week: After moving in an extremely narrow range, key benchmark indices extended gains in mid-afternoon trade to close higher for the third straight session ahead of the F&O expiry on Wednesday. Firm global cues and a rebound in crude oil prices bolstered market sentiments. The Sensex ended higher by 330 points at 27,702 and the Nifty gained 100 points at 8,325. World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
The volatility seen in today's trade is widely expected due to the expiry in the equity derivative segment this Wednesday. Also, market watchers will be closely tracking the progress of key reforms bill which will be tabled in the Parliament as the winter session comes to a close on Tuesday.

Photo: Closing Market Update:
Markets hit highest level in more than a week: After moving in an extremely narrow range, key benchmark indices extended gains in mid-afternoon trade to close higher for the third straight session ahead of the F&O expiry on Wednesday. Firm global cues and a rebound in crude oil prices bolstered market sentiments. The Sensex ended higher by 330 points at 27,702 and the Nifty gained 100 points at 8,325. World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
The volatility seen in today's trade is widely expected due to the expiry in the equity derivative segment this Wednesday. Also, market watchers will be closely tracking the progress of key reforms bill which will be tabled in the Parliament as the winter session comes to a close on Tuesday.

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