Thursday, 30 April 2015

Morning Summary, Market Synopsis: 30th April, 2015

Sensex slips below 27000; IT, Metals and Auto weak: The markets are trading in the red this morning in line with the cues from the global market front and ahead of the impending April derivatives expiry later in the day. At 9:40 am, the Sensex was quoting at 26,965, lower by 260 points and the Nifty was at 8,156, down 82 points. The broader markets are also trading weak in tandem with the benchmark indices, with the mid-cap and small-cap indices losing more than half a percent each. Technically, Nifty is not sustaining above the 200- DMA i.e. above 8,265 levels indicates cautious sign. The rupee opened lower by 21 paise at 63.51 per dollar this morning as against 63.30 on Wednesday as the weak stock markets are keeping the rupee under pressure.

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