Friday 7 June 2013

Morning Summary, Market Synopsis: 7th June, 2013


The major Indian equity benchmarks started the day on a negative note with a gap down on June 7, 2013.This was on the back of negative international cues. Though in US Markets Dow ended in green above 15000 ahead of Jobs Report. The recovery was there in the last hour of trade. On the other hand Asian Markets were trading weak. Nikkei entered bear market on Yen surge. Dollarplunges vs Yen on uneven US Data. The market is unable to gather strength as investors look cautious. Selling by FIIs have been consistent and this is also making the investors nervous. Again, the weakening of rupee has also raised worries. All these led the Sensex to trade near the level of 19484.44 i.e. down by 35.05 points & the Nifty to trade near the level of 5905.5 i.e. down by 15.90 points. The Midcap index and small cap index are both trading in green with the of more than half a percentage each. On the sectoral front, the indices are trading mixed. The Realty Index is trading as the biggest gainer with the gain of more than nine-tens of a percentage point. This is followed by the Healthcare Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, FMCGIndex is the biggest loser with the loss of nearly two-tens of a percentage point. 

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