Monday, 9 March 2015

Morning Summary, Market Synopsis: 26th February, 2015

Markets edges lower in early trade; Railway Budget, Feb F&O expiry in focus: Markets have commenced the session on a flat note with positive bias following mixed global cues. Furthermore, markets will trade in a tight range as traders will roll over positions in the futures & options (F&O) segment from the near month February series to March series today. The key event to watch out for today is the Railway Budget 2015-16 which will be tabled in the Parliament by the Rail Minister Suresh Prabhu.
At 9:45 AM, the S&P BSE Sensex was trading at 28928 down 79 points, while NSE Nifty was trading at 8742 down 25 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 opened marginally higher at 61.93 per dollar on Thursday against previous day's closing value of 61.97 a dollar. The dollar nurses modest losses, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an eventual US interest rate hike.

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