Thursday, 16 April 2015

Closing Summary, Market Synopsis: 15 th April, 2015

Nifty ends seven-day winning streak to end at 8,750: Benchmark share indices ended lower on Wednesday, after closing over five week highs in the previous session, weighed down by IT majors on concerns that the appreciating rupee could hurt revenues while private banks pared early gains on profit taking in late trades. The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 84 points at 8,750. Most Asian markets declined today after China's growth data showed further signs of slowdown in the world's second largest economy. Growth slowed down to a six-year low at 7% in the first quarter for China with both retail sales and industrial output missing forecasts. 

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