Thursday, 19 February 2015

Morning Summary, Market Synopsis: 19th February, 2015

Market edges higher in early trades; Nifty above 8900: Markets open higher, amid firm global cues, led by shares of auto and consumer durables companies. However, upside gains are capped as traders remain cautious ahead of the Union Budget 2015-16. The Dow and S&P 500 ended barely lower on Wednesday after a drop in energy shares but declines were limited by minutes from the latest Federal Reserve meeting, which showed policymakers are concerned about raising interest rates too soon.
At 9:35 AM, the S&P BSE Sensex was trading at 29430 up 110 points, while NSE Nifty was trading at 8890 up 20 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. In other asset classes, the dollar was trading flat after seeing a drop after minutes from the Federal Reserve's January meeting.

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