Friday, 27 March 2015

Morning Summary, Market Synopsis: 27 th March, 2015

Markets rebound in trades today; Sensex up 100 points: Markets have rebounded in trades today after witnessing a sharp fall yesterday with Indices ending at their lowest closing levels since January 14, 2015 amid emerging geo-political crisis in the Middle East. Asian stocks crawled higher on Friday as upbeat US economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded.
At 9:35 AM, the S&P BSE Sensex was trading at 27578 up 120 points, while NSE Nifty was trading at 8375 up 33 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. The Indian rupee has opened lower by 13 paise at 62.80 per dollar today against previous day's close of 62.67. The dollar index bounced off a three-week trough led by some upbeat economic data and a rise in US treasury yields.

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