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Thursday 25 September 2014

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Nifty Ends 8000 on 25 September 2014

Finally nifty ends at 8000 on Expiry, F&O Series also closed lower in last series. Niffty closed today move down 90.55 at 7911.85 and sensex closed move down 276.33 at 26468.36. Index fell in last seven series 31 percent and in September month index fell on 0.5 percent.
Total market turnover was Rs 8.5 lakh crore, the highest ever while NSE F&O segment clocked turnover of Rs 5.3 lakh crore today. 
The broader markets too saw huge selling pressure with the BSE Midcap and Smallcap indices falling 2-3 percent. For the series, these indices outperformed benchmarks, up 0.6 percent and 1.8 percent, respectively while in last seven series, both gained 50 percent and 66 percent, respectively.
The government’s decision to defer gas price hike is a bigger negative than coal block de-allocation ruling, said Arvind Sanger of Geosphere Capital.
Traders believe in nifty in october month provide a good profit .


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