Monday 12 August 2013

Morning Summary, Market Synopsis: 12th August, 2013

Photo: Morning Market Update:
Sensex opened up by more than 100 points at 18897.33 and Nifty gained 30.35 points to open the day at 5596.00. On Monday, the Indian market started the week on a positive note with traders focused on macroeconomic releases from India as Industrial production and CPI are due to be released today. Market expectation for CPI stands at 9.7% while that for IIP is -1.1% compared to the previous of 9.87% and -1.6% respectively. On currency ground, the Indian rupee opened higher by 41 paise at 60.47 per dollar as against Thursday's closing price of 60.88. The Government is expected to take some measures to strengthen the rupee. On global front, US stocks finished the week in negative territory, with major indexes logging their worst week since June, as investors found little reason to buy following the market's recent highs and amid ongoing worries about when the Fed may start to wind down its stimulus program. In Asia China's benchmark index rallied for a second consecutive session on Monday. On BSE, Midcap and small were seen gaining with Mid cap up by 0.53% and small cap added 0.89% till now. On sectoral front, BSE metal is the top performer to surge 2.68%, followed by healthcare while on other hand the worst performer is Bnakex which is down 1.05%.

Further the market breath stands positive with 968 shares having advanced, 556 shares having declined and 79 shares reaming unchanged.
Sensex opened up by more than 100 points at 18897.33 and Nifty gained 30.35 points to open the day at 5596.00. On Monday, the Indian market started the week on a positive note with traders focused on macroeconomic releases from India as Industrial production and CPI are due to be released today. Market expectation for CPI stands at 9.7% while that for IIP is -1.1% compared to the previous of 9.87% and -1.6% respectively. On currency ground, the Indian rupee opened higher by 41 paise at 60.47 per dollar as against Thursday's closing price of 60.88. The Government is expected to take some measures to strengthen the rupee. On global front, US stocks finished the week in negative territory, with major indexes logging their worst week since June, as investors found little reason to buy following the market's recent highs and amid ongoing worries about when the Fed may start to wind down its stimulus program. In Asia China's benchmark index rallied for a second consecutive session on Monday. On BSE, Midcap and small were seen gaining with Mid cap up by 0.53% and small cap added 0.89% till now. On sectoral front, BSE metal is the top performer to surge 2.68%, followed by healthcare while on other hand the worst performer is Bnakex which is down 1.05%.

Further the market breath stands positive with 968 shares having advanced, 556 shares having declined and 79 shares reaming unchanged.

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