Tuesday, 10 February 2015

Morning Summary, Market Synopsis: 10th February, 2015

Nifty above 8550; Delhi poll outcome in focus: Benchmark Indices have recovered after opening the trading session on a weak note as investors remain wary ahead of the Delhi poll outcome amid weak global cues. Also, weak earnings posted by prominent companies including L&T and DLF are weighing on the bourses.
At 9:35 AM, the S&P BSE Sensex was trading at 28308 up 81 points, while NSE Nifty was trading at 8550 up 24 points. The Mid-cap and Small-cap Index, both, is out-performing the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee has opened flat at 62.15 per dollar on Tuesday against previous day's closing value of 62.17 a dollar. The dollar slips somewhat after a payrolls-inspired rally ran out of steam. The dollar index is a tad softer but not far from an 11-year peak scaled last month.

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