Monday 5 January 2015

Morning Summary, Market Synopsis: 5th January, 2015


Markets open marginally higher; Nifty above 8400: Markets edged higher with capital goods major L&T leading the gains after a private survey last week showed that India's manufacturing activity rose to a 2-year high.Benchmark indices are expected to consolidate gains this week and investors would take cues from earnings with Infosys kicking off the December-quarter result season on Friday.
At 9:45 AM, the S&P BSE Sensex was trading at 27980 up 92.6 points, while NSE Nifty was trading at 8420 up 23 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 slipped in the early trade. It has opened lower by 14 paise at 63.43 per dollar versus 63.29 Friday. On the global front, the euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood.

Photo: Morning Market Update:
Markets open marginally higher; Nifty above 8400: Markets edged higher with capital goods major L&T leading the gains after a private survey last week showed that India's manufacturing activity rose to a 2-year high. Benchmark indices are expected to consolidate gains this week and investors would take cues from earnings with Infosys kicking off the December-quarter result season on Friday.
At 9:45 AM, the S&P BSE Sensex was trading at 27980 up 92.6 points, while NSE Nifty was trading at 8420 up 23 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 slipped in the early trade. It has opened lower by 14 paise at 63.43 per dollar versus 63.29 Friday. On the global front, the euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood.

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