Monday, 8 July 2013

Morning Summary, Market Synopsis: 8th July, 2013


Key benchmark indices edged lower in early trade as the rupee fell against the dollar to a record low as stronger than expected US job data fuelled expectations the US Federal Reserve will slow the pace of monetary stimulus later this year. Weakness in Asian stocks weighed on sentiment. CNX Nifty is trading down by 85 points around 5782, the market breadth indicating the overall health of the market is also weak.
Except IT all sectoral indices are in red, IT stocks are trading in green as INR hit record low in today’s trade. The most laggards sectors are Realty, Metals & PSU. IN Nifty 50 the top gainers are HCL Tech, Cairn & INfy, whereas JP Associate , BPCL & Tatamotors are the top losers.

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