Tuesday, 9 June 2015

Closing Summary, Market Synopsis: 9th June, 2015

Markets end lower amid consolidation; Nifty holds 8000: Markets extended losses for sixth straight day, ending the session weak with a negative bias weighed down by export-led pharma and IT shares along with select index heavyweights. Indices finished lower amid a range-bound trading session tracking losses among the global peers amid ongoing Greek debt crises and fears of Fed rate hike on the back of an upbeat US job data. However, a strong rupee coupled with strength in banking stocks after RBI allowed banks to take over management of loan defaulters in the view of restructuring the ailing banks has limited the losses. Sensex ended at 26,481 down by 42 points or 0.16% while the Nifty was able to maintain its crucial level of 8,000 at 8,022 down by 22 points or 0.27%.

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