Monday, 22 June 2015

Nifty Ends Above 8,350 On Monsoon Progress for 22 June 2015

Benchmark share indices gained for the seventh straight session after the progress of the monsoon eased concerns over rising inflation thereby rekindling hopes of a rate cut while the new proposal presented by Greece to avoid debt default also boosted market sentiment. The 30-share Sensex surged 414 points to end at 27,730 and the Nifty gained 128 points at 8,353. In the broader markets, BSE Midcap and Smallcap indices ended up 1.4-1.5% each. Market breadth ended strong with 1,740 gainers and 960 losers on the BSE. "Markets witnessed renewed buying interest as well as short covering especially in banking shares ahead of the June F&O expiry. 
             The Indian rupee trimmed early gains and was trading nearly unchanged at 63.54 to the US dollar compared to its previous close of 63.55. 
 The CAC-40 and DAX were up over 3% while the FTSE-100 was up 1.2%. 

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