Tuesday 22 October 2013

Morning Summary, Market Synopsis: 22nd October, 2013


The market has once again opened on a flat note. The Sensex is down 22.30 points at 20871.59, and the Nifty is down 12.65 points at 6192.30. The Indian rupee slipped 19 paise in the early trade to 61.71 per dollar against 61.52 yesterday. Globally, the US markets finished narrowly mixed in a lackluster trading. The S&P 500 hit another record high and the NASDAQ too hit a 13-year high even as investors appeared reluctant to make big bets ahead of the September government jobs report. European markets closed near five-year highs, helped by gains from Philips and SAP, as well as encouraging US housing data. On BSE, Midcap and small cap are trading higher by 0.61% and 0.67% respectively. On sectoral front, With an exception of FMCG all other sectors are trading in green, FMCG is lower by just 0.04% while on the gaining side, IT is performing the best to add 0.95% as we write this.
Further the market breath remains positive with 2 shares are seen advancing against each declining shares.


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