Friday 10 January 2014

Morning Summary, Market Synopsis: 10th January, 2014


The market continued to be cautious ahead of November industrial output data due later in the day. Infosys climbed 3 percent post upward revision in full year guidance, but could not propel market sharply higher. The Sensex rose 36.05 points to 20,749.42, and the Nifty gained 8.65 points at 6,177. Globally, US markets closed flat yesterday ahead of the crucial nonfarm payrolls data due today. Status quo on the monetary policy by the ECB and BOE lead the European markets lower. On BSE, midcap and smallcap are trading positive with gains of 0.29% and 0.42% respectively while on sectoral front, IT and Teck are the top performer to gain 2.37% and 2%respectively and on downside Auto is the worst performer to ease 0.70%.
Further the market breath stands positive with 966 shares seen advancing against 728 declining shares.
Photo: Morning Market Update:
The market continued to be cautious ahead of November industrial output data due later in the day. Infosys climbed 3 percent post upward revision in full year guidance, but could not propel market sharply higher. The Sensex rose 36.05 points to 20,749.42, and the Nifty gained 8.65 points at 6,177. Globally, US markets closed flat yesterday ahead of the crucial nonfarm payrolls data due today. Status quo on the monetary policy by the ECB and BOE lead the European markets lower. On BSE, midcap and smallcap are trading positive with gains of 0.29% and 0.42% respectively while on sectoral front, IT and Teck are the top performer to gain 2.37% and 2%respectively and on downside Auto is the worst performer to ease 0.70%.
Further the market breath stands positive with 966 shares seen advancing against 728 declining shares.

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