Monday 6 January 2014

Morning Summary, Market Synopsis: 6th January, 2014

The Indian equity market opened in green today but soon turned red as prices failed to sustain in positive zone. The Nifty (Spot) opened at 6220.85, up by almost 10 points compared to the last settlement of 6211.15 and Sensex was higher by almost 70 points at 20913.79, at the time of market opening. The Nifty and Sensex are trading at 6188.0 and 20755.0 respectively at the time of writing this. The Indian rupee opened lower by 19 paise at 62.35 per dollar against 62.16 Friday. The dollar holds steady in early Asian trading supported by an upbeat outlook on the US economy by outgoing Federal Reserve Chairman Ben Bernanke. On global front, US markets ended mixed on Friday after Bernanke reiterated the Fed's commitment to keep interest rates low. European markets though moved higher on the back of strength in retailers. Meanwhile, Asian markets turned lower in morning trade today and Nikkei resumed trade over 250 points lower. On BSE, Midcap and small cap are trading positive with Small cap gaining over 0.40% and Midcap is higher by a meager 0.03% as we write this. On sectoral front, Healthcare is up by almost half a percent and Bankex is leading the laggards by logging a decline of 1.10%, at the time of writing this.
Further the market breath stands positive with 672 shares are seen advancing against 507 declining shares.

Photo: Morning Market Update:
The Indian equity market opened in green today but soon turned red as prices failed to sustain in positive zone. The Nifty (Spot) opened at 6220.85, up by almost 10 points compared to the last settlement of 6211.15 and Sensex was higher by almost 70 points at 20913.79, at the time of market opening. The Nifty and Sensex are trading at 6188.0 and 20755.0 respectively at the time of writing this. The Indian rupee opened lower by 19 paise at 62.35 per dollar against 62.16 Friday. The dollar holds steady in early Asian trading supported by an upbeat outlook on the US economy by outgoing Federal Reserve Chairman Ben Bernanke. On global front, US markets ended mixed on Friday after Bernanke reiterated the Fed's commitment to keep interest rates low. European markets though moved higher on the back of strength in retailers. Meanwhile, Asian markets turned lower in morning trade today and Nikkei resumed trade over 250 points lower. On BSE, Midcap and small cap are trading positive with Small cap gaining over 0.40% and Midcap is higher by a meager 0.03% as we write this. On sectoral front, Healthcare is up by almost half a percent and Bankex is leading the laggards by logging a decline of 1.10%, at the time of writing this.
Further the market breath stands positive with 672 shares are seen advancing against 507 declining shares.

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