Thursday, 14 May 2015

Closing Summary, Market Synopsis: 14 th May, 2015

Markets have a tepid closing; Nifty holds 8,200: The benchmark indices ended the day virtually unchanged, amid another volatile session of trade, on continuing concerns over a delay in passage of reform-centric legislative proposals, tepid corporate earnings and forecasts of a sub-par monsoon season. The Sensex ended at 27,206, lower by 45 points and the Nifty settled at 8,224, down 11 points. The market breadth indicating the overall health of the market was positive. The BSE Mid-cap and Smallcap indices outperformed their large counterparts to end higher by nearly 1% each at 10,526 and 10,972 respectively. On the macro front, the latest data showed that inflation based on the wholesale price index (WPI) remained in negative zone last month.

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