Friday, 31 August 2012

Morning Summary- Market Synopsis- 31st August, 2012

Good Morning Everyone,
The key Indian stock indices have opened in the negative territory, with Sensex and Nifty dripping below the 5300 and the 17500 benchmark. The Sensex was quoting at 17463, down 79 points over the previous close while the Nifty was quoting at 5281, down 34 points over the previous close. An important event today will be the release of Q1 FY13 GDP data. India’s growth has slo
wed for the past six quarters and is expected to slump even lower in the April-June quarter. Barring Healthcare & Consumer Durables, all the other sectoral indices are in the negative terrain. Realty, Auto & Power indices are the top losers followed by Metal and PSU indices. The market breadth is almost flat with a slightly positive bias.
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