Thursday, 18 June 2015

Closing Summary, Market Synopsis: 18 th June, 2015

Winning spree intact; market gains for fifth straight day: Markets finished the session on a firm note as the Fed kept the benchmark rates unchanged post its two-day FOMC meet. Meanwhile, the advancement of Monsoons and favorable macroeconomic parameters coupled with a strengthened rupee further lifted the sentiments of the investors. The Sensex soared 283 points to end at 27,116 levels and the Nifty surged 83 points to close at 8,174.6 levels.The rupee was trading higher at 63.85 compared to its previous close of 64.12 after the American currency weakened overseas on the back of sustained selling by exporters and banks while gains in domestic equities also aided sentiment.

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