Thursday, 12 March 2015

Morning Summary, Market Synopsis: 12th March, 2015

Markets opens marginally higher: Benchmark share indices rebounded after three days of losses to open marginally higher tracking firm gains in Asian peers with bank shares leading the gains. Investors would keenly await data on industrial production for January and consumer price index for February scheduled to be announced today besides keeping a tab on development regarding coal and mines related Bills and insurance amendment bills sent by the government to the Rajya Sabha.
At 9:35 AM, the S&P BSE Sensex was trading at 28877 up 218 points, while NSE Nifty was trading at 8764 up 64 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. Meanwhile, the Indian rupee opened flat at 62.77 per dollar against previous day's closing value of 62.78 a dollar. The prospects of higher US interest rates buoyed the dollar but also kept share prices in many countries in check on Thursday, with Asian stocks hovering around seven-week lows.

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