Wednesday 6 November 2013

Morning Summary, Market Synopsis: 6th October, 2013

Photo: Morning Market Update:
The Indian equity market opened higher today with Sensex opening higher around 30 points at 21004.50 and Nifty surged almost 10 points to 6260.55. Technology stocks are gaining today on the back of peer Cognizant's better-than-expected September quarter results. The company reported Q3 revenues at USD 2.31 billion, a growth of 6.7% sequentially and 21.9% compared to the same quarter last year. On currency front, Indian rupee weakened by 38 paise in the early trade today. Rupee opened around 61.99 against the last session's close of 61.61 per dollar. Globally, The US market eased after gaining for two consecutive sessions as investors weighed the implications of strong economic data for the path of monetary policy over the next several months. On BSE, Mid cap and Small cap are trading positive today with Midcap gaining 0.85% and Small Cap is up by more than a percent as we write this. On sectoral front, BSE IT is the top gainer which is up by 1.19% while on the negative side, Bankex is the worst trading sector to ease 0.40%.

Further the market breath stands positive with 921 shares are seen advancing against 375 declining shares.
The Indian equity market opened higher today with Sensex opening higher around 30 points at 21004.50 and Nifty surged almost 10 points to 6260.55. Technology stocks are gaining today on the back of peer Cognizant's better-than-expected September quarter results. The company reported Q3 revenues at USD 2.31 billion, a growth of 6.7% sequentially and 21.9% compared to the same quarter last year. On currency front, Indian rupee weakened by 38 paise in the early trade today. Rupee opened around 61.99 against the last session's close of 61.61 per dollar. Globally, The US market eased after gaining for two consecutive sessions as investors weighed the implications of strong economic data for the path of monetary policy over the next several months. On BSE, Mid cap and Small cap are trading positive today with Midcap gaining 0.85% and Small Cap is up by more than a percent as we write this. On sectoral front, BSE IT is the top gainer which is up by 1.19% while on the negative side, Bankex is the worst trading sector to ease 0.40%.

Further the market breath stands positive with 921 shares are seen advancing against 375 declining shares.

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