Friday, 22 May 2015

Morning Summary, Market Synopsis: 22 nd May, 2015

Markets Open in green; SBI, ITC gain ahead of Q4 nos: Markets have commenced the trading session on a positive note tracking firm global cues. By 9:25, the 30-share Sensex was higher by 60 points at 27,869 and the Nifty gained 8 points at 8,429. However, the broader markets are outperforming the benchmark indices- BSE Mid-cap and Smallcap indices are up 0.2-0.4%. On the corporate earnings front ITC and State Bank of India (SBI) will announce their Q4 results today.The Indian rupee opened with marginal gain of 6 paise at 63.58 per dollar against previous close of 63.64. The US dollar weakens against the euro for the first time this week as investors were reluctant to enter new positions and as some US economic data disappoints. The dollar index is at 95.34 mark.

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