Tuesday, 16 June 2015

Closing Summary, Market Synopsis: 16 th June, 2015

Markets finish higher amid volatile trades: After a volatile session of trading, markets finished the session on a firm note as investors bought stocks at attractive valuations amid short covering led by a smart rally in the banking shares. The S&P BSE Sensex ended the session at 26,686 levels, up by 100 points while the CNX Nifty reclaimed 8,000 levels and ended the session at 8,047 levels, up by 33 points. On the currency front, the rupee weakened 9 paise and was quoting at 64.22 on the back of fresh capital outflows and strengthening of dollar. Meanwhile, the global markets edged lower amid concerns over Greece debt default. Further, investors would be closely watching the Federal Open Market Committee (FOMC) meeting, which will be held for two days starting today and tomorrow. Investors are expected to get clarity on US Fed rate hike.

No comments:

Post a Comment