Tuesday, 21 April 2015

Closing Summary, Market Synopsis: 21st April, 2015

Markets end lower for fifth straight session; Nifty breaks 8,400: The benchmark indices ended lower for the fifth straight session due to weakness in index heavyweights such as Hindustan Unilever and the Pharma space. The Sensex ended at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points. The mid-cap and small-cap indices had rebounded into the green for a short period, but were unable to sustain their gains and ended upto half a percent lower at 10,506 and 11,332 respectively.
The market participants would closely watch the proceedings in parliament during the final part of the ongoing Budget session which began on Monday as the government hopes to pass the Goods and Services Tax (GST) and the Land Acquisition Bill.

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