Thursday, 8 August 2013

Morning Summary, Market Synopsis: 8th August, 2013

The S&P ‪#‎BSE‬ ‪#‎Sensex‬ opened on a positive note with a gain of roughly 23 points at 18687.30 while Nifty Index opened down by 9 points at 5510.05 on Thursday. Indian rupee started the day on a stronger note with rupee (spot) trading at 61.18, after opening at 61.16 compared to the previous close of 61.29 against the dollar. Market is focused on the weekly US jobless claims which is scheduled at 6:00 PM today and will lead to help Federal reserve to take decision on continuation of bond buying program. On global front, US markets recovered from their worst levels, but still closed in the red for a third session, with major averages retreating further from their recent highs, amid renewed concerns about when the Federal Reserve may start to wind down its bond-buying program. European market were also lower following the US on Wednesday. On Asia, markets were trading mixed in morning trades with traders looking or the BoJ Policy meeting. On BSE segment, Mid cap and Small Cap are trading in green with gains of 0.58% and 0.67% respectively. On sectoral front, Auto is the top gainer, adding 1.32% while Health care, the biggest looser is down 1.54% at the time of writing this.

Further the market breath remains positive with 893 shares having advanced, 643 shares having declined and 100 shares reaming unchanged.

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