Thursday, 26 March 2015

Morning Summary, Market Synopsis: 26 th March, 2015

Nifty opens above 8,550; Sensex gains 50 points: Markets opened lower tracking weak global cues amid concerns in the Middle East after Saudi Arabia announced on Wednesday night that it had launched a military campaign in Yemen. Further, traders investors are likely to remain cautious ahead of the March F&O expiry due later during the day. 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 27941 down 171 points, while NSE Nifty was trading at 8479 down 51 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 slipped in the early trade on Thursday. It has opened lower by 22 paise at 62.55 per dollar versus 62.33 Wednesday. The US dollar slipped against major world currencies on weak economic data in the US but still held onto gains of more than 7 percent year-to-date.

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