Wednesday 31 July 2013

Morning Summary, Market Synopsis: 30th April, 2013


The Indian equity market has opened on a quiet note with the ‪#‎Sensex‬ down by 30 points at 19325 and‪#‎Nifty‬ at 5738.35, lower by 16.70 points. Rupee is playing a key role as it is trading near its record low around 61 per dollar. Investor sentiment is cautious ahead of the Fed two-day meet outcome due today. The Federal Reserve is expected to maintain its accommodative monetary policy, but investors will be looking for hints on when the central bank might start scaling back on its monthly bond-buying programme. On International front, The Dow and S&P 500 closed near the previous close on Tuesday as investors remained cautious ahead of the Federal Reserve's policy statement, but techs climbed to lift the Nasdaq to a fresh 12-year high. European shares closed narrowly higher on Tuesday. Asian stocks were mixed on Wednesday as investors adopted a wait-and-see approach ahead of the Federal Reserve's policy statement and key regional earnings. On BSE, Midcap and small cap are trading in red today, the midcap is down by 1.87% while the small cap eased 1.50% at the time of writing this. On sectoral front, Teck is the top gainer to increase 0.77% while Realty sector is significantly lower by 3.60%.

Further the market breath stands negative with 399 shares having advanced, 1232 shares having declined and 81 shares reaming
unchanged.

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