Thursday, 19 March 2015

Closing Summary, Market Synopsis: 19 th March, 2015

Fed euphoria fades away; markets drag lower: Benchmark indices ended lower amid volatility after profit booking emerged during late noon trades in banks, auto and RIL shares erasing early gains. The 30-share S&P BSE Sensex ended lower by 152.45 points at 28,469.67 and the 50-share CNX Nifty fell 51.25 points at 8,634.65. Both the indices had gained more than 1% in early trades after the US Federal Reserve's outcome that it will wait for more reassuring cues from the economy before any hike in key rates. On the currency front, the rupee strengthened to its highest level in two weeks on Thursday after a dovish statement by the US Federal Reserve.

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