Tuesday 9 December 2014

Morning Summary, Market Synopsis: 9 th December, 2014


Market drifts lower in early trade: Markets slipped in red after a positive start in absence of positive cues from global peers. The market is expected to consolidate as the session progresses with negative bias. Healthcare, Technology, IT indices are the gainers, while Auto, Consumer Durables, Power, Banking, capital goods, Oil and gas, metal, realty indices are the losers. The current account deficit (CAD) numbers increased to US$10.1bn (2.1% of GDP) in Q2 of 2014-15 from US$7.8bn (1.7% of GDP) in the preceding quarter and US$5.2bn (1.2% of GDP) in Q2 of 2013-14.The increase in CAD was primarily on account of higher trade deficit contributed by both a deceleration in export growth and increase in imports.
At 9.45 AM, the S&P BSE Sensex is trading at 28,090 down 30 points, while NSE Nifty is trading at 8,425 down 14 points. The Mid-cap and Small-cap Index is trading Flat. The market breadth indicating the overall health of the market was positive. The Indian rupee opened marginally lower at 61.88 per dollar against previous day close of 61.83.Globally, Asian equity markets joined Wall Street's slump after oil markets resumed their downward spiral, pushing Shanghai and Japanese shares off multi-year highs

Photo: Morning Market Update:
Market drifts lower in early trade: Markets slipped in red after a positive start in absence of positive cues from global peers. The market is expected to consolidate as the session progresses with negative bias. Healthcare, Technology, IT indices are the gainers, while Auto, Consumer Durables, Power, Banking, capital goods, Oil and gas, metal, realty indices are the losers. The current account deficit (CAD) numbers increased to US$10.1bn (2.1% of GDP) in Q2 of 2014-15 from US$7.8bn (1.7% of GDP) in the preceding quarter and US$5.2bn (1.2% of GDP) in Q2 of 2013-14.The increase in CAD was primarily on account of higher trade deficit contributed by both a deceleration in export growth and increase in imports.
At 9.45 AM, the S&P BSE Sensex is trading at 28,090 down 30 points, while NSE Nifty is trading at 8,425 down 14 points. The Mid-cap and Small-cap Index is trading Flat. The market breadth indicating the overall health of the market was positive. The Indian rupee opened marginally lower at 61.88 per dollar against previous day close of 61.83.Globally, Asian equity markets joined Wall Street's slump after oil markets resumed their downward spiral, pushing Shanghai and Japanese shares off multi-year highs

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