Friday, 20 March 2015

Morning Summary, Market Synopsis: 20 th March, 2015

Markets open flat; Sensex below 28,450 mark: Markets have turned weak after making a flat opening tracking mixed global cues. Indian equities, currency and bond markets heaved a sigh of relief, along with other global markets, following the US Federal Reserve's dovish statement and its indication it wouldn't rush to raise interest rates from their current near-zero levels. Stock markets, however, failed to hold on to gains as investors turned edgy due to the lack of positive domestic triggers and weak earnings forecast.
At 9:35 AM, the S&P BSE Sensex was trading at 28445 down 23 points, while NSE Nifty was trading at 8620 down 14 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 weak. The Indian rupee opened flat at 62.51 per dollar today against previous day's closing value of 62.52 a dollar. The dollar rose broadly as investors remain bullish on the greenback, it is currently above the 99 mark.

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