Closing Summary, Market Synopsis: 29 th June, 2015

Markets end lower amid fears of Grexit from euro: Markets ended lower on Monday, amid weak global cues, after Greece and international creditors which failed to come to an agreement over debt payments raised fears of Greece's exit from the euro zone. The 30-share Sensex ended down 167 points at 27,645 and the Nifty ended down 63 points at 8,306. Markets slumped in initial trades with the Sensex plunging over 500 points in intra-day trade following the debt crisis in Europe. However, markets staged marginal recovery in the latter half of the trading session led by FMCG shares. Further, reports suggest that the Greek government on Monday confirmed that banks will be closed all week, after a decision by the European Central Bank (ECB) not to extend emergency funding.

Closing Summary, Market Synopsis: 26th June, 2015

World stocks fall before crunch weekend for Greece; Nifty ends below 8400: Markets have closed the session on a lower note tracking weakness among banks, capital goods and metal shares. Further, global markets are also witnessing weak trend as Greece and its international creditors yet again failed to sign a truce. The Sensex ended down 84 points at 27,812 and Nifty closed 17 points down at 8,381. On the currency front, the rupee continued to trade flat against the US dollar at 63.60 as gains in the US currency overseas capped upside gains. Meanwhile, RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

Closing Summary, Market Synopsis: 25th June, 2015

Markets resume winning streak; Nifty ends tad below 8400: Markets have closed the session on a higher note with capital goods and oil shares leading the gains. Ignoring Greek woes, the sentiment was boosted as earlier in the day Prime Minister Narendra Modi launched smart cities, housing for all and urban rejuvenation schemes for Asia's third largest economy. Also, the south-west monsoon has been above normal so far in June, stoking hopes the central bank will cut rates in October than in 2016 as anticipated earlier after delivering three cuts of 25 basis points each in 2015 so far. The Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398 levels. On the currency front, the Indian rupee has marginally strengthened against the greenback to 63.56 levels against its previous close at 63.59 levels.

Closing Summary, Market Synopsis; 24 th June, 2015

Markets snap 8 days winning streak as Greek Debt drama continues: Markets ended lower, snapping their eight-day winning streak, amid profit taking in late trades on reports that the new proposal presented by Greece to avoid debt default was not acceptable to the creditors. Further, investors have turned cautious ahead of the June derivative contracts set to expire tomorrow. The 30-share Sensex ended lower by 74.70 points at 27,729.67 and the 50-share Nifty dipped 20.70 points at 8,360.85. In the currency front, the Indian rupee was trading lower at 63.65 to the US dollar compared to the previous close of 63.63.

Closing Summary, Market Synopsis: 23 rd June, 2015

Markets maintain up-trend; ends higher for eighth straight day: Markets have closed firm for eighth straight day led by a rally in metal and capital goods stocks. However, the upside was capped by profit taking in the information technology shares. Market participants are also positive about the good start to the monsoon season, thus raising hopes of easing in the monetary policy by the central bank. Further, efforts to resolve the the Greece debt crisis has also lifted sentiment in the Asian as well as European markets. The Sensex closed higher by 74 points at 27,804.3 and the Nifty gained 28.45 points at 8,381.55. On the currency front, the Indian rupee continued to trade weak by 9 paise at 63.59 levels as the American currency firmed up against other overseas currencies. Meanwhile, markets could turn volatile ahead of the expiry of June derivative contracts on Thursday.

Closing Summary, Market Synopsis: 22 nd June, 2015

Markets gain seventh straight day; Banks rally on rate cut hope: Markets gained for the seventh straight day led by financials and information technology shares. Banking share rallied after concerns over weak monsoon rains eased while the new proposal presented by Greece to avoid debt default also boosted investor sentiment. The 30-share Sensex ended up 414 points at 27,730 and 50-share Nifty ended up 128 points at 8,353. The Indian rupee firmed up against the dollar and trading higher at 63.42 compared to the previous close of 63.82 tracking strong gains in domestic equities. 
Most Asian markets ended with gains while European shares opened sharply higher amid expectations that the debt crisis in Greece would be resolved while merger and acquisitions in the telecom sector also boosted sentiment.

Closing Summary, Market Synopsis: 19 th June, 2015

Rain halts Mumbai, but no stopping for Markets: Markets gained for the sixth straight session with Nifty settling above the 8,200 levels comfortably supported by sustained buying across the board. RIL displayed a spectacular rally for the sixth straight day on optimism concerning the company's 4G telecom services that is likely to roll out under the Reliance Jio brand in December. The Sensex soared 200 points to end at 27,317 and the Nifty surged 50 points to close at 8,225. Above-normal monsoons, positive macroeconomic numbers coupled with a dovish stance by the Fed bolstered the rally. Also, a modest hike in the Minimum Support Price (MSP) for the Kharif crops by the Government in order to contain inflation proved to be a key driver for the markets as investors anticipate a further rate cut by the RBI in the near term.

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.

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.

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.

Closing Summary, Market Synopsis: 15 th June, 2015

Nifty ends above 8,000 but overall sentiment remained muted: Benchmark share indices ended higher on Monday, shrugging off weak European cues, amid buying in index heavyweights even as auto shares emerged as the top gainers. The 30-share Sensex ended up 161 points at 26,587 and the 50-share Nifty ended up 31 points at 8014. The rupee was trading marginally lower at 64.09 to the US dollar compared to its previous close of 64.06. Markets are seeing value buying at lower levels on the back of improved macros with encouraging April IIP numbers and controlled Inflation. Meanwhile, the wholesale price index (WPI) contracted to 2.36% in May versus -2.65% in the previous month on the back of dropping oil and manufacturing goods prices.

Closing Summary, Market Synopsis: 12 th June, 2015

Markets end with modest gains; amid consolidation: Markets finished the session on a firm note led by financials after Finance Minister in discussion with the banks laid stress on clearing the stalled infrastructure projects and capital infusion in public sector banks. However, upside gains were capped on profit taking in IT shares and investors remained wary ahead of the release of key macroeconomic data, CPI and IIP. Meanwhile, the worsening of deadlock between Greece and its creditors over reforms after International Monetary Fund IMF quit the talks hurt the sentiments. The Sensex gained 54 points to end at 26,425 and the Nifty climbed 18 points to close at 7,983. The rupee declined for the second straight day and is quoting at 64 against the US dollar tracking weakness in the Indian equities.

Closing Summary, Market Synopsis: 11 th June, 2015

Nifty breaks 8,000 to end near 8-month closing low: Benchmark share indices failed to extend the previous day's pull back and the Nifty breached 8,000 levels to end near eight-month closing low amid a sharp sell off in PSU bank shares after the RBI on Thursday said that they would need higher than budgeted capital infusion. The 30-share Sensex closed after shedding 470 points to 26,371 levels. The 50-share Nifty breached its crucial technical level of 8000 and closed at 7,965 points, down by 159 points.The broader markets also succumbed to selling pressure with BSE Mid-cap and Smallcap indices down by 1.78% and 1.55% respectively. The market breadth ended negative with 1,855 declines against 784 advances on the BSE. On the currency front, at 3:30 PM, the Indian rupee was down by 8 paise and was trading at Rs 63.92 against the greenback tracking weakness in the local equities.

Closing Summary, Market Synopsis; 10 th June, 2015

Markets finish on a robust note; Sensex zooms over 350 points: Markets finished the session on robust note led by a firm rally in the blue chip stocks amid firm Asian cues and a strong rupee. After seven trading session of losses, markets have regained momentum with a sharp rebound in the blue chip stocks as investors accelerate buying at attractive valuations. Further, the sentiments lifted higher after MSCI deferred inclusion of China A stocks to its benchmark indices which had triggered the continuous outflow of funds by the foreign investors.

Sensex soared 360 points to close at 26,840 and the Nifty surged 102 points to end at 8,124. The rupee is quoting at 63.82 against the US dollar on the back of fresh selling of dollars by banks and exporters following a strong rebounded in the the equity market.

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%.

Closing Summary, Market Synopsis: 5 th June

Sensex extends losses fourth day to end below 26,800: Benchmark shares indices ended lower on Friday weighed down by financials while technology shares ended lower on caution ahead of US jobs data later today. Markets become jittery in the late trades as investors remain cautious ahead of a key meeting of the OPEC cartel, which is expected to maintain its current production levels despite an oversupplied global market. Weakness in Index heavy weights with Tata Motors declining on weak Jaguar sales numbers coupled with losses in technology shares ahead of the US job data have contributed to the decline on the Sensex. The 30-share Sensex ended down 45 points at 26,768.5 and the 50-share Nifty ended down 16 points at 8,114.70

Closing Summary, Market Synopsis: 4 th June, 2015

Markets end lower for four straight day; Nifty holds 8100 levels: Markets ended marginally lower amid volatility extending the fall for fourth straight day dragged by metal and auto shares. However, value buying in financials and index heavyweight Reliance Industries helped cap the downside. The 30-share Sensex closed lower by 23.78 points at 26,813.42 and the 50-share Nifty slipped 4.45 points at 8,130.65. n the currency front, the rupee was trading at 64.09 to the US dollar compared to the previous close after foreign funds turned net sellers in domestic equities tracking overseas gains in the US currency. The India Meteorological Department (IMD) yesterday said that conditions are favourable for onset of southwest monsoon over Kerala during next 48 hours.

Closing Summary, Market Synopsis: June 3, 2015

Closing Market Update:Bearish trend continues on D-Street: Markets continued its steep downfall and closed lower as weak monsoon forecast raised fears of drought while delay in further rate cuts and slow pace of recovery in the economy dampened sentiments. Meanwhile, India's services activities dropped for the first time in the span of thirteen month on lack of demand which weighed on the bourses. The Sensex plunged 351 points to close at 26,837 and the Nifty dropped 101 points to end at 8,135. At 3.35 PM, the rupee was trading at 63.93 against the US dollar after hitting an intra-day low of 64 tracking weakness in local equities.

Closing Summary, Market Synopsis: 2 nd June, 2015

Market slumps on Monsoon, Inflation and Growth concerns: The Sensex slumped 661 points and the Nifty dropped nearly 200 points on Tuesday, even as the rate cut by the RBI was in line with street expectations, as downgrade of monsoon forecast raised fears of higher inflation adding to the uncertainty of further easing of key policy rates in the near future. Meanwhile, the slow pace of recovery in the economy also weighed on market sentiment. The 30-share Sensex ended down 661 points at 27,188 and the 50-share Nifty closed 197 points lower at 8,236. The India Meteorological Department has downgraded monsoon forecast to 88% of the long-term average as against the earlier forecast of 93%, raising fears of a drought. The Indian rupee also extended losses and was trading at 63.89 to the US dollar compared to the previous close of 63.70 tracking weakness in equities and dollar demand from importers.

Closing Summary, Market Synopsis: 1 st June, 2015

Markets finish flat; Sensex holds 27,800: Markets finished flat as caution prevailed on the bourses ahead of the RBI monetary policy review due tomorrow dragged by financials. Weakness in healthcare shares weighed on the indices with Sun Pharma contributing the most to the decline after posting lower than expected results. The Sensex gained 21 points to end at 27,849 levels and the Nifty close flat at 8,433 levels. At 3.40 PM, the rupee was trading at 63.69 against the US dollar on persistent selling of dollars by banks and exporters in view of fresh foreign capital inflows into the equity market. Meanwhile, the onset of monsoon in Kerala has been delayed by few days but many parts of country are witnessing pre-monsoon showers.