Tuesday 24 September 2013

Morning Summary, Market Synopsis: 24th September, 2013

The Indian equity market opened on a silent note, following the aggressive selling in last sessions. The Index is down by 34 points or 0.17% at 19867 and Nifty is lower by 10 odd points at 5879. Indian rupee fell 19 paise in early trade Tuesday to 62.79 per dollar as against previous day's closing of 62.60 per dollar. On international front, US stocks declined for a third straight session on Monday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year. Asian share markets got off to a soggy start on Tuesday while currencies dithered in recent ranges as a dearth of major economic news left investors to chew on the outlook for monetary policy in the United States and Europe. On BSE, Midcap and Small cap are trading positive with gains of 0.46% and 0.30% respectively. On sectoral front, Realty is the top performer to add 1.74% while on the other hand Bankex is down by 0.17% and FMCG is lower by 0.16% as the market open.
Further the market breath stands positive as advance decline ratio stands at 2:1; two shares seen advancing against each declining share.

Photo: Morning Market Update:
The Indian equity market opened on a silent note, following the aggressive selling in last sessions. The Index is down by 34 points or 0.17% at 19867 and Nifty is lower by 10 odd points at 5879. Indian rupee fell 19 paise in early trade Tuesday to 62.79 per dollar as against previous day's closing of 62.60 per dollar. On international front, US stocks declined for a third straight session on Monday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year. Asian share markets got off to a soggy start on Tuesday while currencies dithered in recent ranges as a dearth of major economic news left investors to chew on the outlook for monetary policy in the United States and Europe. On BSE, Midcap and Small cap are trading positive with gains of 0.46% and 0.30% respectively. On sectoral front, Realty is the top performer to add 1.74% while on the other hand Bankex is down by 0.17% and FMCG is lower by 0.16% as the market open.
Further the market breath stands positive as advance decline ratio stands at 2:1; two shares seen advancing against each declining share.

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