Thursday, 11 July 2013

Morning Summary, Market Synopsis: 11th July, 2013


Indian equity benchmark opened positive on back of Infosys better-than-expected April-June quarter earnings which boosts the market as the Nifty opens at 6000. The Sensex opens up 264.21 points at 19940.27 while the Nifty adds 65.40 points to open at 6000.50. Infosys surges around 13 percent as India's second largest software services exporter, reported good set of numbers in the first quarter of financial year 2013-14. Its net profit falls lower-than-expected 0.8 percent quarter-on-quarter to Rs 2,374 crore. Indian rupee has opened at 59.75 per dollar Friday, down by 8 paise compared to previous day's closing value of 59.67 per dollar. On US, The S&P 500 index and the Dow industrials closed on Thursday at record highs. Asian Markets have opened higher this morning reacting to the cues overnight. BSE Midcap and Small Cap are trading flat with Midcap witness a decline of just 0.01% while Small Cap is adding 0.06% at the time of writing this. On sectoral front, prices are trading mixed with BSE IT gaining the most by 6.40%, followed by Teck i.e. higher by 4.71% while on downside Realty is the worst performer to ease 0.79%.
Further the market breath remains flat as we can see one stocks advancing against each declining stocks.

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