Thursday 29 May 2014

Morning Summary, Market Synopsis: 29th May, 2014

The NSE Nifty opened lower on Thursday (expiry day) but it still held the 7300-mark. The index declined 19.75 points to 7309.90 and the Sensex slipped 85.05 points to 24471.04. Indian rupee has opened flat at 58.92 a dollar on Thursday as against previous day's closing value of 58.93 a dollar. Globally, Asian markets are mixed on concerns over global bond yields and US growth data. Japanese shares fell on profit taking following five straight sessions of gains and weak economic data. US stocks fell on Wednesday, ending a four-session rally that lifted the S&P 500 to a record high, with investors skittish as benchmark treasury yields fell to lows. On BSE Midcap and Smallcap are trading higher with Midcap gaining 0.44% and Small cap adding 0.37% as we write this. On sectoral front, Consumer durable is the top gaining counter to gain 0.50% while n down side, IT is the worst performer to ease 2.47% at the time of writing this.
Further the market breath stands negative with 1058 shares are seen adavcing against 770 declining shares.

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