Tuesday 18 February 2014

Morning Summary, Market Synopsis: 18th February, 2014

The market gained strong momentum with the Nifty reclaiming the 6100 level supported largely by banking and financials. The Sensex rose 144.28 points to 20,608.34 and the Nifty climbed 45.90 points to 6,119.20. The broader markets gained too with the BSE Midcap and Smallcap indices rising 0.5 percent each at the time of writing this. On sectoral front, Bankex gained over 1.47% to be the top gainer while Consumer durable is the only exception to trade lower in red with a decline of 0.13%. The Indian rupee opened marginally lower by 11 paise at 61.95 per dollar versus 61.84 Monday. Globally, Asian markets opened mixed this morning. The Nikkei raced away to triple digit gains led by a weaker yen. European markets too closed mixed while the US markets were shut for trade.
Further the market breath stands positive with 1087 shares seen advancing against 596 declining shares.

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