Thursday 16 January 2014

Morning Summary, Market Synopsis: 16th January, 2014

The market has opened in green terrain ahead of key corporate earnings scheduled today. The Sensex is up 67.20 points at 21356.69, and the Nifty adds 20.45 points at 6341.35. The Indian rupee opened lower by 10 paise at 61.64 per dollar versus 61.54 Wednesday. The US dollar trades at a near one-week high against a basket of major currencies early this morning, having returned to levels seen before last week's soft payrolls data as faith in the US economic recovery was restored. On global front, United States’ Wall Street continued its rally on Wednesday with the S&P 500 erasing its 2014 losses and closing at a record on upbeat economic data and earnings from Bank of America. Europe too closed higher and Asia is positive in morning trade. On BSE, Midcap and Small cap are trading higher by 0.12% and 0.24% respectively. On sectoral front, Metal is the top gainer to edge 1.39% while Auto is the worst performer to ease 0.26% as we write this.

Further the market breath stands positive with 863 shares are seen advancing against 689 declining shares.

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