Wednesday, 14 January 2015

Morning Summary, Market Synopsis: 14th January, 2015

Markets open on a flat note; Nifty holds 8,300: Benchmark indices have opened on a flat note tracking the mixed trends in their Asian peers and overnight marginal losses in the Wall Street. Traders are likely to remain cautious ahead of the release of WPI inflation data for the month of December to be released later today.
At 9:35 AM, the S&P BSE Sensex was trading at 27445 up 19 points, while NSE Nifty was trading at 8309 up 10 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee has gained further ground. It has opened higher by 6 paise at 62.08 per dollar versus 62.14 Tuesday. The dollar nears one-month lows against the yen as US yields continued to shrink, but it scaled a nine-year peak on the euro as bolder stimulus from the European Central Bank seemed imminent.

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