Saturday, 24 December 2011

Morning Summary- Market Synopsis- 23 December, 2011

Good Morning Everyone,
The main Indian equity benchmarks opened with a positive bias, extending the gains to a third successive session. Investors seem to have welcomed the series of upbeat data on the US economy. Asian markets too are trading mostly up, tracking overnight gains on Wall Street and Europe. The Indian rupee also advanced modestly against the US dollar in early morning trade. Market breadth is favorable so far with the broader indices marginally out-performing the Large-Cap peers. Most constituents of the Sensex and the Nifty are trading in the positive terrain as well. On the sectoral front, maximum indices are trading in green. Capital Goods and Realty are leading the list of gainers, whereas, Teck, IT and Bank are the only counters trading in red. Further, the market breadth is positive as two stocks are seen advancing for every one decline.

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