Thursday, 1 January 2015

Morning Summary, Market Synopsis: 1st January, 2015

Markets open lower on first day of 2015: Markets have commenced the trading for the calendar 2015 on a subdued note in absence of foreign institutional investors who are celebrating New Year holiday. Banks, oil & gas and metals were the top sectoral losers while auto and Pharma were marginally in the green.
At 9:45 AM, the S&P BSE Sensex was trading at 27450 down 47 points, while NSE Nifty was trading at 8270 down 13 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened lower by 14 paise at 63.17 per dollar as Fiscal Deficit numbers dents overall sentiment. India's fiscal deficit was Rs 5.25 trillion ($83.08 billion) during April-November, or 98.9% of the full-year target, data released after market hours yesterday showed. The deficit was 93.9% during the same period a year ago.

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