Wednesday, 29 April 2015

Morning Summary, Market Synopsis: 29th April, 2015

Markets have a subdued opening; Nifty hovers at 8,250: The markets have started the day's proceedings on a negative note post the gains seen in the previous session. The markets are trading in a listless manner as they seek for direction post the gains seen in the previous session. At 10:20 am, the Sensex was at 27331, lower by 65 points and the Nifty is at 8265, down 20 points.There is out-performance on the broader market front, with the midcap and smallcap indices adding around half a percent each.The Indian rupee opened marginally lower at 63.22 per dollar on Wednesday against 63.15 Tuesday. The dollar dropped to an eight-week low after a weak US consumer confidence report, with investors cautious about a Federal Reserve meeting.

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