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Friday 3 August 2012

Morning Summary- Market Synopsis- 3rd August, 2012

Good Morning Everyone,
The markets fell by close to one percent in early trade tracking global weakness after the European Central Bank and the Federal Reserve disappointed the markets. The investors were looking for an imminent move to deal with the euro zone debt crisis. However, their inactivity spurred the risk aversion in the markets. The Sensex declined 165 points to 17059 and the NSE was down 51 points to 5176. Sectorally, all the sectoral indices are trading in the red. Metal and Capital Goods are the big losers. The market breadth is weak and four stocks are seen advancing against every nine declines

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