Thursday, 11 June 2015

Closing Summary, Market Synopsis: 11 th June, 2015

BMA Wealth Creators's photo.
Nifty breaks 8,000 to end near 8-month closing low: Benchmark share indices failed to extend the previous day's pull back and the Nifty breached 8,000 levels to end near eight-month closing low amid a sharp sell off in PSU bank shares after the RBI on Thursday said that they would need higher than budgeted capital infusion. The 30-share Sensex closed after shedding 470 points to 26,371 levels. The 50-share Nifty breached its crucial technical level of 8000 and closed at 7,965 points, down by 159 points.The broader markets also succumbed to selling pressure with BSE Mid-cap and Smallcap indices down by 1.78% and 1.55% respectively. The market breadth ended negative with 1,855 declines against 784 advances on the BSE. On the currency front, at 3:30 PM, the Indian rupee was down by 8 paise and was trading at Rs 63.92 against the greenback tracking weakness in the local equities.

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