Monday, 9 February 2015

Morning Summary, Market Synopsis: 9th February, 2015

Market edges lower in early trade; Nifty below 8600: Markets have started the session lower, after exit polls on Saturday said the Aam Aadmi Party (AAP) would form the government in Delhi. On the macro economic front, the government will issue the gross domestic product (GDP) data for the financial year's third quarter (Q3, October-December) today.
At 9:45 AM, the S&P BSE Sensex was trading at 28390 down 325 points, while NSE Nifty was trading at 8565 down 95 points. The Mid-cap and Small-cap Index, both, is under-performing the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee has breached 62 per dollar mark in early trade on Monday, down 31 paise compared to Friday's closing value of 61.69 a dollar.

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