Friday, 17 April 2015

Morning Summary, Market Synopsis : 17th April, 2015

Nifty breaks 8,650; TCS dips 2.5%: Benchmark indices have opened the session flat with banks and IT shares contributing to the decline with TCS losing over 1.5% after the company missed Street expectations. Also, investors will keenly watch out for the quarterly results of RIL due later during the day.
At 9.40 AM, the Sensex is down 65 points at 28,601 and the Nifty is down 43 points at 8,663 levels. Asian shares were trading firm on Friday shrugging of overnight weakness in US stock markets which ended marginally lower amid discouraging economic data. Shares in Japan continued to witness profit taking with the benchmark Nikkei was down 0.5% to trade below the 20,000 mark. The Indian rupee has opened flat at 62.31 per dollar today against previous day's closing value of 62.30 a dollar. Dollar tumbled after comments from Federal Reserve officials and weak US data pushed out expectations for the first fed rate hike.

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