Wednesday, 25 March 2015

Morning Summary, Market Synopsis: 25 th March, 2015

Nifty opens above 8,550; Sensex gains 50 points: Markets have started the session on a marginally positive note tracking global cues. Further, traders have turned cautious ahead of expiry of March derivative contracts tomorrow. Investment trends by overseas investors, movement of rupee against the dollar and crude oil would also influence trading. The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April, 2015.
At 9:35 AM, the S&P BSE Sensex was trading at 28233 up 71 points, while NSE Nifty was trading at 8560 up 17 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 weak. The Indian rupee has opened marginally lower at 62.32 per dollar today against previous day's closing value of 62.26 a dollar. The US dollar rebounded against the euro on persistent bullish sentiment toward the greenback. The euro slipped below 1.10 to the dollar.

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