Wednesday 28 August 2013

Morning Summary, Market Synopsis: 28th August, 2013

Photo: Morning Market Update:
Indian markets opened on a weak note with benchmark indices plunging over a percent each. The Sensex opened down by 200 odd points at 17786.59 and Nifty slipped 54 points to open at 5233.50. The Indian rupee fell lower, breaking the 68 mark in the early trade today, prices recorded a low of 68.95 and is trading at 68.90 as we write this. On global markets, the US stocks finished sharply lower for the second session, with the Dow falling to a 2-month low, amid escalating worries over potential US military action in Syria. Asian equities are down today over the possibility of a US-led military strike against the Syrian government. Midcap and Small cap on BSE are trading down by 2.80% and 1.60% respectively and on sectoral front, BSE IT and Teck are trading in green , up by 2.44% and 1.02% respectively while all other sectors are in negative with Bnakex logging the biggest decline of 5.33% at the time of writing this.
Further the market breath remains negative, as we can see 387 shares advancing against 1137 declining shares.
Indian markets opened on a weak note with benchmark indices plunging over a percent each. The Sensex opened down by 200 odd points at 17786.59 and Nifty slipped 54 points to open at 5233.50. The Indian rupee fell lower, breaking the 68 mark in the early trade today, prices recorded a low of 68.95 and is trading at 68.90 as we write this. On global markets, the US stocks finished sharply lower for the second session, with the Dow falling to a 2-month low, amid escalating worries over potential US military action in Syria. Asian equities are down today over the possibility of a US-led military strike against the Syrian government. Midcap and Small cap on BSE are trading down by 2.80% and 1.60% respectively and on sectoral front, BSE IT and Teck are trading in green , up by 2.44% and 1.02% respectively while all other sectors are in negative with Bnakex logging the biggest decline of 5.33% at the time of writing this.
Further the market breath remains negative, as we can see 387 shares advancing against 1137 declining shares.

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