Tuesday 23 December 2014

Closing Summary, Market Synopsis: 23rd December, 2014


Nifty ends below 8,300 ahead of F&O expiry: Benchmark indices ended lower, amid volatile trade, on profit-booking in bank shares, weakness in the shares of metals and select index heavyweights and caution ahead of F&Oexpiry due tomorrow. The 30-share Sensex ended down 195 points at 27,506 and the 50-share Nifty closed down 57points at 8,267. Weaknesses in global commodity prices have kept the metal shares under pressure; Sesa Sterlite declined more than 3% while Tata Steel and Hindalco have lost around 2% each. IT stocks remained under pressure after HCL Tech said that revenues for the October-December quarter would have an adverse impact on account of strengthening of US dollar against various global currencies.

Photo: Closing Market Update:
Nifty ends below 8,300 ahead of F&O expiry: Benchmark indices ended lower, amid volatile trade, on profit-booking in bank shares, weakness in the shares of metals and select index heavyweights and caution ahead of F&O expiry due tomorrow. The 30-share Sensex ended down 195 points at 27,506 and the 50-share Nifty closed down 57points at 8,267. Weaknesses in global commodity prices have kept the metal shares under pressure; Sesa Sterlite declined more than 3% while Tata Steel and Hindalco have lost around 2% each. IT stocks remained under pressure after HCL Tech said that revenues for the October-December quarter would have an adverse impact on account of strengthening of US dollar against various global currencies.

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