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Tuesday, 3 February 2015

Closing Summary, Market Synopsis: 3rd February, 2015

Nifty ends below 8,800 for the second straight session: Benchmark indices closed lower for the third straight day weighed down by weakness in the interest rate-sensitive stocks including real-estate companies, auto and banks after the Reserve Bank of India kept the policy rates unchanged. The market breadth indicating the overall health of the market was negative. The Sensex ended lower by 122 points at 29000 and the Nifty was down 40.8 points at 8756.5. The Indian rupee is trading higher at 61.70 to the US dollar compared to previous close of 61.80 as demand for greenback from importers dried-up post month end.

Photo: Closing Market Update:
Nifty ends below 8,800 for the second straight session: Benchmark indices closed lower for the third straight day weighed down by weakness in the interest rate-sensitive stocks including real-estate companies, auto and banks after the Reserve Bank of India kept the policy rates unchanged. The market breadth indicating the overall health of the market was negative. The Sensex ended lower by 122 points at 29000 and the Nifty was down 40.8 points at 8756.5. The Indian rupee is trading higher at 61.70 to the US dollar compared to previous close of 61.80 as demand for greenback from importers dried-up post month end.

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