Monday, 23 February 2015

Morning Summary, Market Synopsis: 23rd February, 2015

Budget Session kick-starts; Nifty reclaims 8850: Markets have commenced the trading session on a higher note as investors have eyed the key events (Economic Survey, Railway Budget and Union Budget) along with the expiry of February series due later during the week. US stocks rallied on Friday, 20 February 2015 sending the S&P 500 and Dow Jones Industrial Average to record levels on news that euro zone ministers agreed to a four-month extension of Greece's bailout.
At 9:35 AM, the S&P BSE Sensex was trading at 29305 up 73 points, while NSE Nifty was trading at 8854.6 up 21 points. The Mid-cap and Small-cap Index, both, is out-performing the broader indices but are also trading sharply lower. The market breadth indicating the overall health of the market is strong. The Indian rupee opened flat at 62.20 per dollar versus 62.22 Friday.

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