Wednesday, 17 June 2015

Closing Summary, Market Synopsis: 17 th June, 2015

Markets end higher for four straight day: Benchmark share indices gained for the fourth straight session led by index heavyweight Reliance Industries while FMCG shares gained after concerns over monsoon eased. Buying spree continued as the market was oversold due to the correction in the previous weeks while encouraging macro data also helped investor sentiment. FMCG shares rallied as near-term concerns regarding the monsoon eased. Further, the two-day FOMC meet which ends later today could signal the US Fed's stance on interest rates going forward.
The 30-share Sensex ended up 146 points at 26,833 and the 50-share Nifty closed 44 points higher at 8,092. The Indian currency firmed up against the US dollar on the back of selling of the US dollars by banks and exporters while gains in domestic equities also aided sentiment. The rupee is trading higher at 64.13 compared to the previous close of 64.24.

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