Monday, 8 June 2015

Morning Summary, Market Synopsis: 8th June, 2015

Markets end lower fifth straight day; Nifty slips below 8,050 to end at lowest close in 2015: Benchmark share indices extended losses for the fifth straight day to end at their lowest closing levels in 2015 on concerns of foreign fund outflows after robust US jobs data raised hopes that the US Fed may hike interest sooner than expected. Further, investors also remained cautious ahead of CAD data due later today while the ongoing Greek debt crises and decline in the Rupee also weighed on sentiment. The 30-share Sensex ended down 245 points at 26,523 and the 50-share Nifty ended down 71 points at 8,044. The rupee is trading down at 64.05 against the dollar on the back of higher dollar demand from banks and importers.

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