Wednesday, 20 August 2014

Commodity Market Update,

The market opened higher with marginal gains on Wednesday. The Sensex rose 35.81 points to 26456.48 and the Nifty advanced 8 points to 7905.50. The Indian rupee slipped in early trade on Wednesday. It opened lower by 17 paise at 60.84 per dollar versus previous day's closing value of 60.67 a dollar. Global cues are positive as the US markets extended gains on Tuesday on optimism that the Federal Reserve will keep rates lower for longer. The S&P 500 is less than half a percent from its all-time high. On BSE, Midcap and Smallcap are trading up with Midcap gaining 0.29% while Small cap is up by 0.80% as we write this. On sectoral front, Health care remains up by 1.42%, to be the best performer while on downside, FMCG is lower by 0.38%, followed by other laggards.
Further, the market breath stands positive with 1248 shares are seen advancing against 726 declining shares.

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