Morning Summary, Market Synopsis: 31st October, 2013

The market has opened on a flat note as the Sensex is down 16.00 points at 21017.97. The Nifty is at 6237.15, down 14.55 points. The rupee opened lower by 13 paise at 61.36 per dollar on Thursday as against previous day's closing of 61.23 per dollar. The dollar is hovering near two-week high having extended gains after the Federal Reserve kept its massive bond-buying stimulus in place in a widely expected decision. On international front, the S&P 500 halted a four-session record run, as Wall Street reacted to the Federal Reserve's decision to hold off on reducing its monetary stimulus. Asian stocks tracked their US peers lower on Thursday following a slightly less dovish than expected tone from the Federal Reserve, and as attention turned to the Bank of Japan's policy review. On BSE, Midcap is trading up by 0.57% and Small cap is trading higher by 0.53%. On sectoral front, Consumer durable is performing the best to gain 1.86% while Bankex is trading lower by 0.58% as the worst performer.
Further the market breath stands positive with 869 shares are seen advancing against 681 declining shares.

Closing Summary, Market Synopsis: 30th October, 2013

The Indian benchmarks ended the day on a firm note on October 29, 2013. Yesterday’s buying momentum continued with Banks again taking the lead in the opening session while Pharma helped. Bharti showed strong rally breaking to 10 months high on back of strong results. Nifty surged to highest level since Nov '10 however selling witnessed in Banks towards close dragged markets down. IT continued to remain a laggard since past few weeks. Wipro dropped to support of 50DMA. Marking a blockbuster rally, the Sensex ended up 104.96 points at 21033.97. The Nifty ended at 6251.70, up 30.80 points. Buying was seen in side markets too but midcap underperformed for forth day in row. Rolls came under small pressure today as some section started rolling shorts. Nifty rolls softened to +45 points from +53 points before again recovering to +50 points towards close. Nonetheless rolls continue to remain on higher end of historical range. Ranbaxy opened 6% lower on back of weak results but rallied 8% from lows on strong volumes again recovering back to 200DMA.
Further, the market breadth closed slightly positive as eleven stocks were seen advancing against ten declining stocks.

Commodity Market Update (Crude Oil)

Gold and Silver were trading lower in the earlier session on COMEX ahead of US FOMC Meeting but later on recovered its lost ground and trading in green as we write this. Actively traded Gold contract tested a low of 1338.30 before settling at 1349.60, up 4.20 points or 0.28% and Silver is trading at 22.74, up 1.10% or 25 cents an ounce. Base metals are trading higher on LME on the expectation of that Federal Reserve may continue its stimulus. 3-month Copper is leading the industrial metals group, up more than a percent or 78.25 points to trade at 7277.25, followed by rest of the metals which are surging around half a percent each. WTI Crude Oil is losing on the expectation of increase in Oil stockpiles as US private agency API forecasted gain in Oil stockpiles by 5.5 Mbd. NYMEX Crude Oil is down 0.67% or 0.66 points to trade at 97.55 a barrel while Natural Gas is trading almost flat at 3.638 with a positive bias.

Morning Summary, Market Synopsis: 30th October, 2013

Market opened positive today, continuing its last session's significant rally with Sensex opening at 20973.0, +44 points and Nifty surged 10 points to open the day at 65230.65. The Indian rupee slipped marginally in today's early trade. USDINR futures opened at 61.80 versus the previous close of 61.79 per dollar. Globally, Major US indices finished near session highs, with the S&P 500 touching a fresh high and the Dow within 50 points of an all-time record, as investors look ahead to the Federal Reserve's announcement. On BSE, Mid cap and small cap are trading nominally higher with gains of 0.27% and 0.39% respectively. On sectoral front, Realty is the top gainer to edge up 0.96% while on the flipside, Metal sector is down by 0.40%, at the time of writing this.
Further the market breath stands positive with 746 shares are seen advancing against 478 declining shares.

Market Synopsis, Morning Summary: 30th October, 2013

The market has opened on a flat note as the Sensex is down 16.00 points at 21017.97. The Nifty is at 6237.15, down 14.55 points. The rupee opened lower by 13 paise at 61.36 per dollar on Thursday as against previous day's closing of 61.23 per dollar. The dollar is hovering near two-week high having extended gains after the Federal Reserve kept its massive bond-buying stimulus in place in a widely expected decision. On international front, the S&P 500 halted a four-session record run, as Wall Street reacted to the Federal Reserve's decision to hold off on reducing its monetary stimulus. Asian stocks tracked their US peers lower on Thursday following a slightly less dovish than expected tone from the Federal Reserve, and as attention turned to the Bank of Japan's policy review. On BSE, Midcap is trading up by 0.57% and Small cap is trading higher by 0.53%. On sectoral front, Consumer durable is performing the best to gain 1.86% while Bankex is trading lower by 0.58% as the worst performer.
Further the market breath stands positive with 869 shares are seen advancing against 681 declining shares.

Closing Summary, Market Synopsis: 29th October, 2013

The Indian benchmarks ended the day on a firm note on October 29, 2013. After hawkish statement yesterday, RBI gave in line policy of 25 bps hike in repo, 25 bps cut in MSF and unchanged CRR which was taken positively while markets chose to ignore the hawkish tone of RBI. Since last few days concerns of 50 bps repo hike were running high hence shorts came to cover once policy was announced. Nifty spread expanded to +12 from parity at open. Due to covering in Oct series, Nifty roll spread fell to +48 points from +55 points at open. Nifty reversed sharply from 20DMA which it has been holding since last two months. It was Bank Nifty where all action was visible. Bank Nifty recovered ~6% from low made at time of policy & now closed at Sep'13 highs. ICICI Bank sharply cut through 200DMA, first time since June'13. Indus Ind & Axis Bank reached 200DMA. All relatively defensive sectors viz. IT, Pharma, FMCG underperformed. Maruti showed biggest single day rally since Jan'12 after good results. Tata Steel rallied sharply from its 200DMA. Side markets underperformed.
Further, the market breadth closed positive as seven stocks were seen advancing against six declining stocks.

Commodity Market Updat (Silver)

Precious metals on COMEX are trading lower due to stronger dollar ahead of FOMC Meeting which will be held on Wednesday at 11.30PM. actively traded Gold contract is losing 0.52% or 7 points to trade at 1345.20 after having tested a low of 1339.80 while front month Silver futures tested a low of 22.30 before settling at 22.39, down 0.66% or 14 cents an ounce. Base metals on LME are trading higher with Copper trading at 7208.00, up 0.42% or 30 points while rest of the metals also gained around half a percent each per metric ton. WTI Crude Oil is down 0.31% or 0.30 points to trade at 98.37 while Natural Gas is losing a cent or 0.34% to trade at 3.55 after having tested a low of 3.54 per mmBtu.

Morning Summary, Market Synopsis: 29th October, 2013

The market opened on a flat note ahead of the Reserve Bank's monetary policy review. While the street is expecting a 25 basis points (bps) repo rate hike, most market experts believe that this is already priced in and the policy may be a non-event today. The rupee opened flat at 61.59 per dollar against 61.52 Monday. The dollar clung onto modest overnight gains but stayed near a nine-month trough as investors bet the Federal Reserve will set the course for its massive stimulus programme to be maintained into early next year. Global equities were quiet ahead of the two day FOMC meet that begins today. US and European markets ended narrowly mixed yesterday, but Asian markets slipped in early trade today morning with the Nikkei down a percent. On BSE, Midcap and Small cap are trading marginally lower with declines of 0.37% and 0.42% respectively. On sectoral front, Consumer Durable is the outperformer to add 1.15% while on the negative side, Capital Goods is down by 1.81%.
Further the market breath stands negative with 638 shares are seen advancing against 960 declining shares.

Commodity Market Update (Gold)

Precious metals on CMX are trading flat with Gold trading marginally higher at 1352.60, up by 10 cents or 0.01% and Silver is higher by 0.16% at 22.67 an ounce. Intraday outlook remains positive and we can see prices gaining in coming hours. Base metals on LME are trading in green with Aluminum leading the gaining counters with a gain of 1.16% at 1899.0 and Copper is at 7220.0, +0.50% as we write this. We expect prices to trade in a range with a positive bias for the day. Crude Oil and Natural gas prices are trading mix with Crude Oil is marginally higher by 0.15% at 97.80 while Natural Gas is sharply down by 2.45% at 3.61. Natural Gas prices are likely to extend its decline and we can see prices drifting lower in the coming sessions.

Morning Summary, Market Synopsis: 28th October, 2013

The market is still in a consolidation mode on Monday with the Nifty hovering around the 6150 level ahead of RBI policy on Tuesday and expiry on Thursday. The Sensex is up 40 points at 20723.00, and the Nifty is up 10 points at 6155.10 at the time of market opening. Indian rupee gained 6 paise in early trade Monday to 61.40 per dollar as against Friday's closing of 61.46. Globally, Asian markets opened higher today with the Nikkei rallying a percent in early trade and US Stocks finished in positive territory Friday, with the Dow and S&P closing higher for the third-straight week, lifted by a group of encouraging earnings reports. On BSE, Mid cap and Small Cap are trading marginally positive with Midcap adding 0.06% and Small Cap gained 0.23% as we write this.
Further the market breath remains positive with 924 shares seen advancing against 767 declining shares.

Commodity Market Update (Copper)

Precious metals on COMEX are trading lower since morning with Gold trading at 1342.10, down 8.20 points or 0.61% while front month Silver futures fell 1.67% or 0.38 points to trade at 22.44 after having tested a low of 22.32 an ounce. Base metal prices on LME are losing heavily since morning due to stronger dollar against the other currencies. 3-month Nickel is losing most of the ground, down 1.61% or 236 points to trade at 14450.00 and Copper is trading at 7133.00, lower by 57 points or 0.76% while rest of the metals easing more than half a percent each. Actively traded WTI Crude Oil contract is trading up 0.20 points or 0.21% to trade at 97.31 while Natural Gas is losing 0.66% or 2 cents to trade at 3.60 per mmbtu.

Morning Summary, Market Synopsis: 25th October, 2013

The S&P BSE Sensex opened on a cautious note on Friday, led by losses in GAIL, Tata Motor and L&T. Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological level of 6150 in trade today. Sensex opened at 20725.50 versus the previous close of 20725.43. The Indian rupee traded flat in early trade against the dollar. It opened at 61.50 per dollar against 61.47 Thursday. Globally Asian stocks were trading lower led by sharp losses seen in Japanese stocks weighed down by a stronger yen. US Stocks recovered the previous day's losses to close higher Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data from China. On BSE, Midcap and Small cap are trading marginally down today, while on sectoral front, IT sector is gaining over a percent and other hand Capital goods is down by 1.62% as we write this.
Further the market breath stands neutral with one share is seen advancing against each declining share.

Closing Summary, Market Synopsis: 24th October, 2013

Nifty opened with strong euphoria surging to new highs of 2013 largely led by Banks & Capital Goods. However another strong profit booking in IT names dragged markets sharply down from highs. Selling in IT sector continued despite strong results by most large caps. Stronger INR was also raising concerns where most players had started factoring 65-67 levels of INR in valuation. Buying in side market junk names continued for another day where many small price stocks have rallied by 40-60% in just 2 weeks.. Nifty futures spread opened at +18points but dropped to +5points by close. INR continued to see resistance at 20DMA. All stronger indices viz. BSE Healthcare, BSE IT & BSE FMCG now reached first important support of 20DMA which they have been holding since past 2 months or so. Coal India broke below 50DMA. The Sensex closed down 42.45 points at 20725.43, and the Nifty ended at 6164.35, down 14.00 points. About 1177 shares advanced, 1289 shares declined, and 186 shares were unchanged.

Commodity Market Update (Natural Gas)

Precious Metals are trading marginally higher today, the most actively traded Gold contract is at 1336.40, +0.19% and Silver is at 22.67, adding 0.23% at the time of writing this. The near term price action is likely to remain positive and we can see prices gaining in coming hours. Base metals on LME are trading in a narrow range with Copper trading slightly down by 6 points or 0.08% at 7170.0 while on the gaining side, Nickel is the top gainer to surge 0.53% at 14600.0. Crude Oil and Natural Gas prices on NYM are trading mixed with Crude Oil trading higher by 97.44, +0.45% while Natural Gas is at 3.58, down by 0.86%. Traders will be looking for the labor and housing data from US which are due to be released later today.

Morning Summary, Market Synopsis: 24th October, 2013

The S&P BSE Sensex opened on a cautious note on Friday, led by losses in GAIL, Tata Motor and L&T. Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological level of 6150 in trade today. Sensex opened at 20725.50 versus the previous close of 20725.43. The Indian rupee traded flat in early trade against the dollar. It opened at 61.50 per dollar against 61.47 Thursday. Globally Asian stocks were trading lower led by sharp losses seen in Japanese stocks weighed down by a stronger yen. US Stocks recovered the previous day's losses to close higher Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data from China. On BSE, Midcap and Small cap are trading marginally down today, while on sectoral front, IT sector is gaining over a percent and other hand Capital goods is down by 1.62% as we write this.
Further the market breath stands neutral with one share is seen advancing against each declining share.

Closing Summary, Market Synopsis: 23rd October, 2013

The Indian benchmarks ended the day on a negative note on October 23, 2013. Markets opened in a positive zone and that itself was the high of the day. Indicies moved down throughout the day and even breached yesterday’s lows. It was in the last hour of trade that some buying emerged from the lows but still indicies could not close in positive. The market ended on a negative note with the Nifty closing below 6200, after two straight days. The Nifty ended at 6178.35 down 24.45 points. The Sensex slipped 97.09 points to close at 20767.88.The midcap index and the small cap index closed in red with the loss of three basis points of a percentage point and quarter of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Capital Goods Index closed as the biggest gainer with the gain of more than half a percentage point. On the other hand the Realty Index closed as the biggest loser with the loss of nearly one and half a percentage point. This was followed by the Power Index which closed with the loss of nearly one and quarter of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

Commodity Market Update (Crude Oil)

Precious Metals are trading marginally lower today with Gold and Silver trading down by 0.72% each at 1333.0 and 22.6 respectively. Intraday outlook remains bearish but overall outlook stands positive for the bullion. Base metals prices are trading in red on LME Copper led the declines by logging a decline of 0.70% and trading at 7265.0, rest of the metals are lower around half a percent as we write this. Short term view remains negative for base metals. Crude Oil and Natural Gas on NYM are trading mixed today, the actively traded Crude Oil contract is down by more than a percent at 97.38 while Natural Gas is up by 0.45% at 3.957.

Morning Summary, Market Synopsis: 23rd October, 2013

The market has opened on a flat note. The Sensex is down 16.74 points at 20751.14, and the Nifty is down 15.55 points at 6162.80. The rupee has opened flat at 61.57 per dollar on Thursday as against previous day's closing of 61.59. The dollar edged higher this morning, but was hemmed in its recent range as investors remain cautious about liquidity conditions in China. On international front, US stocks finished lower Wednesday, with the S&P 500 snapping a four-day streak of record highs, following weakness in global equities and a mixed bag of earnings reports. Asian equity markets pared losses Thursday following upbeat manufacturing data from China but concerns over tight liquidity in the mainland continued to weigh on sentiment. On BSE, Midcap and Smallcap are trading higher by 0.84% and 0.75% respectively while on Sectoral front, all the sectors are trading in green, indicating positive bias. Realty is the top performer to gain more than 2% while the least gainer is healthcare, adding 0.22% as we write this.
Further the market breath stands positive with 916 shares are seen advancing against 335 declining shares.

Closing Summary, Market Synopsis: 22nd October, 2013

The Indian benchmarks ended the day on a flat note on October 22, 2013. Markets opened with a gap down and soon after touching the high, reversed its direction and slipped. For almost all part of the day except the last hour, they seemed trading in the band. However, towards the last hour, they gathered some momentum and closed flat. The market is practically waiting for the US non farm job data of September as the international markets will also take their cues from that data. The Nifty ended above 6200, down by 2.15 points at 6202.80. The Sensex closed down by 28.92 points at 20864.97. The broader market outperformed the main indicies. The midcap index and the small cap index closed in green with the gain of seven-tens of a percentage point and more than one percentage point respectively. On the sectoral front, the indicies closed mixed. The Power Index closed as the biggest gainer with the gain of nearly one and three forth of a percentage point. This was followed by the Capital Goods Index which closed with the gain of nearly one and one-tenth of a percentage point. On the other hand the Consumer Durables Index closed as the biggest loser with the loss of nearly nine-tens of a percentage point. As consolidation continued for the second consecutive session today, we believe that the market is preparing ground for the next upmove. We feel, it may touch a new record high in short term as September quarter earnings so far have been good and inflow of foreign money is continuing.

Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.

Commodity Market Update (Silver)

Precious metals on COMEX are trading lower since morning with Gold trading at 1312.00, down 0.30% or 4.0 points whereas Silver is losing around a percent or 18 cents to trade at 22.09 after having tested a low of 21.99 an ounce. With the exception of Copper, base metals on LME are trading higher since morning due to a weaker dollar against the other currencies. 3-month Nickel is leading the metals group, up 1.27% or 183 points to trade at 14633.00 while Copper is trading in red at 7250.25, down 2 points per metric ton. WTI Crude Oil is trading lower since morning and continued its last session’s decline due increased Oil stockpiles. Actively traded Crude Oil contract is trading at 98.89, down 0.33 points or 0.33% while Natural Gas is trading almost down at 3.65 with a negative bias, lower by a cent or 0.44% per mmBtu.

Morning Summary, Market Synopsis: 22nd October, 2013

The market has once again opened on a flat note. The Sensex is down 22.30 points at 20871.59, and the Nifty is down 12.65 points at 6192.30. The Indian rupee slipped 19 paise in the early trade to 61.71 per dollar against 61.52 yesterday. Globally, the US markets finished narrowly mixed in a lackluster trading. The S&P 500 hit another record high and the NASDAQ too hit a 13-year high even as investors appeared reluctant to make big bets ahead of the September government jobs report. European markets closed near five-year highs, helped by gains from Philips and SAP, as well as encouraging US housing data. On BSE, Midcap and small cap are trading higher by 0.61% and 0.67% respectively. On sectoral front, With an exception of FMCG all other sectors are trading in green, FMCG is lower by just 0.04% while on the gaining side, IT is performing the best to add 0.95% as we write this.
Further the market breath remains positive with 2 shares are seen advancing against each declining shares.

Closing Summary, Market Synopsis: 21st October, 2013

The Indian benchmarks ended the day on a slightly positive note on October 21, 2013. Markets opened with a gap up and soon after touching the high, reversed its direction and slipped. For almost all part of the day except the last hour, they seemed trading in the band. However, towards the last hour, they touched the low and reversed. They almost repeated the earlier high and closed near the high of the day. The market ended volatile trading session on a flat note. The Nifty ended above 6200, up 15.60 points at 6204.95. The Sensex closed up 11.00 points at 20893.89. The midcap index and the small cap index closed in green with the gain of five basis points of a percentage point and eight-tens of a percentage point respectively. On the sectoral front, all the indicies except three closed in green. The Capital Goods Index closed as the biggest gainer with the gain of nearly four and one-fifth of a percentage point. This was followed by the Realty Index which closed with the gain of nearly three percentage points. On the other hand the FMCG Index closed as the biggest loser with the loss of nearly one and a quarter of a percentage point.

Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.

Commodity Market Update (Gold)

Precious Metals are trading in green with Gold trading marginally higher by 0.09% or a dollar at 1315.0 while Silver is higher by a percent or 23 cents at 22.15 an ounce. The near term outlook stands bullish for both Gold and Silver and we can see prices moving up in coming session. Base metals are also trading positive today with Nickel leading the base metals by a gain of almost a percent, followed by rest of the metals Copper is higher by 0.43% at 7255.0 as we write this Crude Oil on NYM is trading lower today with most actively traded contract is down by 0.78% at 100.0 per barrel. Intraday outlook remains bearish and we can see further decline in coming hours. Natural Gas prices are at 3.80, +4 cents or 1.04%. Traders will be looking for the weekly Crude Oil inventory report which is due to be released today.

Morning Summary, Market Synopsis: 21st Ocotber, 2013

Indian market opened positive today Sensex started the day at 20915.0, adding almost 35 points and Nifty surged 12 points to open the day at 6202.0. Technically, Nifty is trading near its previous top of 6229.45 and this level is going to be a crucial mark. If Nifty breach this level and move higher, we can see it gaining further to test 6300.0 mark while on the downside, correction in prices could turn prices down to 6120.0 level which is a good support. Indian rupee opened at 61.34 per dollar, down 7 paise from Friday's close of 61.27 per dollar. The BSE Midcap and Smallcap indices gained nearly a percent as we write this. On sectoral front, Capital Goods is gaining significantly to add 3.54% while on the other hand, IT is trading down by 1.10%. Globally, US stocks closed out the week in positive territory, with the S&P 500 extending gains to a new high, as Wall Street cheered some better-than-expected corporate earnings results. Asian equities kicked off the week higher on Monday as investors took cues from the S&P 500's record high last week and as bets on extended US monetary stimulus lifted risk appetite.

Closing Summary, Market Synopsis: 18th October, 2013

Key benchmark indices closed on a firm note marking their highest close in nearly two years as banks rose on value-buying while blue chips gained as foreign investors extended their buying streak to a tenth consecutive session. CNX Nifty closed up by 143 (2.37%) points and BSE Sensex up by 467 points (2.29%). The market breadth was highly positive, in Nifty50 stocks the advance to decline stands at 49 advances to only 1 decline.

Metal and mining stocks gained after the latest data showed that China's GDP growth accelerated in Q3 September 2013. In NSE all sectors closed in the green leaded by Bank Nifty (rose by 3.95%), followed by CNX Metal (3.34%).

Commodity Market Update (Copper)

Precious metals are in a range today with the actively traded Gold contract on COMEX is at 1317.10, down by 0.45% and Silver is at 21.91, lower by 0.17% at the time of writing this. We expect prices to trade with a positive bias for the day. We can see nominal correction in Gold and Silver following the sharp recovery and such correction can be used as a buying opportunity. Base metals across the LME are trading in green, with Copper is trading at 7270.0, higher by 36 points or 0.50% and Nickel is at 14167.0, gaining the most by 1.32%. Bias stands positive for industrial metals. Crude Oil prices on NYMEX are trading in marginally higher at 100.83, +0.17%. We expect Crude Oil prices to remain negative as its breached 101.0 level and is trading below it. Natural Gas on NYMEX is trading down by 1.52% at 3.69 and is likely to extend it decline in coming hours. Intraday view for Energy complex stands bearish.

Morning Summary, Market Synopsis: 18th October, 2013

Indian equity market opened positive today, prices witnessed a decline in Thursday's session but started higher today. The Sensex surged 70 points to 20486.0 and Nifty gained almost 25 points to open the day at 6070.90. The Indian rupee opened on flat note at 61.19 per dollar against 61.23 Thursday. On international front, The US markets saw a good recovery with the S&P 500 logging a fresh 13-year high. The Dow pulled off a stunning comeback, erasing a triple digit loss to finish near the flat line. Asian market are also trading firm on back of better than expected data from China. On BSE, Midcap and Small cap are in green with Midcap adding 0.887% and Small cap is up by 0.70% as we write this. On Sectoral front, each and every sectors are trading in positive with Bankex performing the best by gaining 2.31% while IT is the least gainer to add 0.38%.
Further the market breath stands positive with 1000 shares are seen advancing against 325 declining shares.

Closing Summary, Market Synopsis: 17th October, 2013

Intense volatility was seen in late trade as the key benchmark indices weakened again soon after staging a strong intraday rebound in mid-afternoon trade. The BSE Sensex, hit its lowest level in nearly a week closed down by 136 points (provisionally). The CNX Nifty hit one-week low to close at 6046 down by 43 points. The market breadth, indicating the overall health of the market alternately swung between positive and negative zone during the last one hour or so of trade.
At closing, the market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty 50 stocks stood at 18 advances to 32 declines. In NSE, CNXIT is the worst performing sector (down by 3.54%) followed by CNX Auto, PSU Banks and CNX Services whereas Media & FMCG outperformed the broader markets.

Commodity Market Update (Natural Gas)

Precious metals are trading positive as prices recovered sharply during the last hours. The most actively traded Gold contract is at 1306.90, up by 25 points or almost 2% along with Silver which is similarly higher to trade at 21.79 an ounce. The near term outlook remains uncertain for bullion and traders are looking for US weekly Jobless claims and Philly Fed Manufacturing Index which are due to be released later today. Base metals are trading lower since morning with 3-month Lead led the declines in industrial metals and is trading down by 0.95% at 2148.0. 3-month Copper is also lower by 0.80% to trade at 7207.0 as we write this. Intraday bias remains negative and we can see prices moving lower in coming hours. Crude Oil and Natural Gas on NYM are trading mixed with Crude Oil trading at 101.73, down by 0.56% and Natural Gas is lower by up by 0.42% at 3.78.

Morning Summary, Market Synopsis: 17th October, 2013

The Indian market started the day on a positive note with Sensex opening higher by almost 30 points at 20579.56 versus the previous close of 20547.62 and Nifty was up by just 9 points at 6098.50 at 9:15 am. Market opened flat despite resolution on the US debt ceiling. We expect Sensex and Nifty to trade in a range with a positive bias tracking the gains in other Asia markets. In the early trade today, Indian rupee gained 29 paise to 61.55 versus the dollar. Globally, US stocks closed at session highs on Wednesday with the Dow surging 200 points and S&P within one percent of hitting its record after Senate leaders announced a long-awaited compromise to raise the debt ceiling and put an end to the government shutdown. Asian market are also trading positive today. On BSE, Midcap is trading higher by 0.53% and Small cap is trading up by 0.38% at the time of writing this. On sectoral front, FMCG is leading the gaining sectors by recording a gain of 1.40% whereas the worst performing sector is IT which is down by 1.22%.
Further the market breath stands positive with 748 shares are seen advancing against 435 declining stocks.

Commodity Market Update (Silver)

Precious metals are trading lower today, the most actively traded Gold contract is at 1255.4, down by 21.80 points or 1.71% and Silver is at 20.76, lower by -2.78%. The near term outlook remains negative and we can see prices drifting lower in coming sessions. Base metals are trading marginally lower with 3-month Lead is the only metal to trade up by 0.12% at 2137.5 while Copper and Aluminum is trading down by 0.43% each at 7228.0 and 1866.0 respectively. Crude Oil prices are trading down by 0.57% at 101.83 on NYMEX while Natural Gas prices are at 3.84, up by 0.73%. Intraday bias for Crude Oil remains negative with an important support coming around 101.0 level.

Closing Summary, Market Synopsis: 15th October, 2013

Markets had ignored the high inflation data declared yesterday evening as INR failed to show adverse reaction to high inflation. However the sharp depreciation in INR today brought the pressure on Banking names across board today. Bank Nifty showed largest single day underperformance in more than three weeks which kept markets under constant selling pressure since morning. However on downside we have been seeing bottom fishing interest emerging. Also IT names have been helping avert larger slide in market. IT stocks continued to witness one sided buying interest for another day. Post Infy results, BSE IT index has already rallied by 7%. After Infosys, now TCS, Wipro & TechM are seeing incremental buying ahead of results. IndusInd Bank, again, failed to cross 200DMA for third time in past one month where big selling resumed again. Today, Midcaps underperformed with breadth dropping to one month low. The sensex closed in negative, down by 59.92 points at 20547.62, while, Nifty closed at 6089.05 down by 23.65 points

Morning Summary, Market Synopsis: 15th October, 2013

Indian equity market opened with a positive note today; the Nifty was up by 35 points at 6147.0 at the time of opening but failed to maintain its gain and is now trading near 6100.0 level as we write this. Sensex too opened firm with a gain of 100 odd points but soon turned negative as traders locked their profits ahead of uncertainty before the US budget deal. On data front, Consumer price index (CPI) inflation increased to 9.84 percent in September from 9.52 percent in the month-ago period. The Indian rupee edged higher by 30 paise at 61.25 per dollar in early trade on Tuesday as against previous day's closing of 61.55 per dollar. Globally, The US market ended positive on Monday while US banks were closed yesterday on observance of Columbus day. On BSE, Mid cap and Small cap are under selling pressure with declines of 0.60% and 0.58% respectively. On sectoral front, Teck edged up by half a percent while on the flipside, Bankex is leading the laggards i.e. down 1.32% at the time of writing this.
Further the market breath turned negative as 675 shares are seen advancing against 1003 declining shares.

Closing Summary, Market Synopsis: 14th October, 2013

Markets seem to be in no mood to look at negative news flow since past few weeks while has been over pricing the positives. September inflation unexpectedly rose to 7months high of 6.46% & was high despite positive base effect. However besides a small selling reaction markets again reversed & rallied back to new three week highs. It was again IT which was leading the markets. Besides IT, buying was seen in beta names while defensives- Pharma & Consumers witnessed selling pressure. Expectation of strong result by Reliance was running high on street. The stock itself closed marginally positive but kept overall sentiments buoyant. Side market buying remained strong. Again money was seen flowing into smaller beaten down Banks. Today, buying was seen in Karnataka Bank, South Indian Bank, City Union, Fed, Indian Bank, Dhanlaxmi, Lakshmi Vilas etc. Overall breadth cooled off in the day; Advance-Decline opened at 1.5x but fell to 1.1x. Nifty premium opened at 20 points & expanded to 32 points. Metal stocks were trading weak. Pharma names  are seeing profit booking since two days. Maruti again failed to cross 200DMA (1480) from where it had reversed last month also.

Commodity Market Update (Gold)

Precious metals are trading marginally positive today with the most actively traded Gold contract is at 1275.70, +7 points or 0.54% and Silver is trading up by 0.62% at 21.39 an ounce. We expect prices to remain in a range as US banks are closed in observance of Columbus Day. With the exception of LME Aluminum all other base metals are trading in green since morning. 3-month Lead is the top performer to gain 0.71% while Aluminum is lower by 0.45% at 2120.0 and 1877.0 respectively. Copper is trading at 7232.0, +0.45%. Intraday bias remains positive and we can see prices moving higher in coming hours. Crude Oil and Natural Gas on NYMEX are trading positive today. Crude Oil is up by 0.31% and Natural Gas is higher by 1.5% at 102.3 and 3.83 respectively.

Morning Summary, Market Synopsis: 14th October, 2013

The S&P BSE Sensex opened on a flat-to-positive note led by gains in auto, technology and capital goods stocks in absence of cues from Asian peers. At the time of market opening Sensex was at 20534.0, up by roughly 10 points from its last settlement while Nifty opened flat at 6093.0 and trading at 6110.0, +13.35, as we write this. The Indian rupee opened down marginally at 61.14 per dollar as compared to Friday's close of 61.08. On international front, US markets moved mostly higher on Friday benefiting from signs that lawmakers in Washington are making progress toward resolving the latest fiscal crisis and House Republicans were proposing a deal that would avert default and end the 11-dayold government shutdown. Asian markets are weak as data out over the weekend showed a surprise drop in Chinese exports in September. On BSE, Midcap and Small Cap are trading up by 0.75% and 0.60% respectively. On sectoral front, BSE IT is the outperformer to gain 1.59% while Metal is the worst performing sector to ease 0.67%.

Further the market breath stands positive with 937 shares are seen advancing against 572 declining shares.

Data to watch: WPI and CPI

Closing Summary, Market Synopsis: 11th October, 2013

Key benchmark indices ended on a strong note with Nifty closing up by 1.25% (75.25) at 6096 & BSE Sensex at 20528 up by 256 points (1.26%) on speculation that U.S. lawmakers will reach an agreement on raising the nation’s debt limit to avoid a default and positive sentiments due to Infosys’ upward revision of FY2014 guidance. The overall market breadth was positive. In Nifty50 stocks the advance to decline stood at 27 advances to 23 declines. Sector specific, the Banknfity was the top gainers in NSE with3.26% gain followed by CNXIT (3.19%) & Realty (2.57%). FMCG & Pharma bucked the trend and closed in the red, indicating traders shifting preference from defensive to aggressive sectors.

Commodity Market Update (Copper)

Bullion prices are trading lower today on CMX with the near month Gold contract eased almost a percent or 12 points to 1285.0 and Silver is trading at 21.48, -1.90%, at the time of writing this. The near term outlook remains bearish for precious metals and we can see prices drifting lower in coming hours. Base metals on LME are trading in green today; Lead is the top performer to gain almost a percent at 2100.0, followed by rest of the metals. Copper is up by 0.25% at 7165.0. Crude Oil on NYM is trading lower while Natural gas is trading positive since morning. The near month Crude Oil contract is at 101.75, down by 1.19% while Gas prices are at 3.75, +0.91%, as we write this. Intraday view on Crude Oil remains negative and we can see prices testing support around 101.20 per barrel.

Morning Summary, Market Synopsis: 11th October, 2013

The market has opened on a strong note. The Sensex is up 286.78 points or 1.4% at 20559.69 and the Nifty up 84.30 points or 1.4% at 6105.25. Infosys ltd rallied a little over 7% in morning trade on Friday to touch its highest level since January 2011 of Rs 3360, after the software exporter raised the lower-end of its fiscal 2014 dollar revenue growth guidance. Rupee has hit highest level since August 2013. The domestic currency is at  61.18 per dollar. On global front, US stocks closed out the session with a sharp bang on Thursday, with major averages rallying more than 2% across the board, as lawmakers seemed to move closer to a deal to resolve the political stalemate in Washington. Asian equity markets enjoyed a relief rally on Friday, tracking Wall Street's strong performance on optimism that US lawmakers would soon reach a deal to avert a debt default. On BSE, Midcap is up by 0.67% and Small cap gained 0.74% at the time of writing this. On sectoral front, IT is the top performer to edge up by more than 3.5% while on the other hand worst performing sector is Metal which is lower by 0.55%.

Further the market breath stands positive with 1096 shares seen advancing against 611 declining shares.

Closing Summary, Market Synopsis: 10th October, 2013

Key benchmark indices closed on a positive note amid high volatility during the day. CNX Nifty closed at 6021, up by 13.5 points & Sensex closed at 20304 up by 54.8 points. The overall market breadth was positive, in Nifty50 stocks the advance to decline stood at 29 advances to 20 declines, 1 unchanged. TataMotors was the top gainer in Nifty up by over 5.5%, followed by Ranbaxy & NMDC, whereas Tatapower, Hindalco & Kotak Bank were the top losers. Sector wise CNXAuto was the top gainer followed by PSU Bank, Banknifty end in the red with a fall of 0.16%.

Commodity Market Update (Natural Gas)

Gold and Silver are trading lower since morning and continued its last session’s sharp decline on worries that Federal Reserve may reduce its stimulus measures by the end of this year. Actively traded Gold contract is losing 8.80 points or 0.67% an ounce and Silver is down 0.30% or 0.06 points to trade at 21.83. Base metals are trading higher on LME with Nickel trading at 13775, up 0.62% or 85 points while Copper is trading almost flat at 7125.50 with a meager gain of 8 points per metric ton. WTI Crude Oil is trading higher after the last day’s steep decline due to gain in Oil stockpiles. NYMEX Crude Oil is trading at 101.97, up 0.36 points or 0.35% and Natural Gas is gaining 1.69% or 6 cents to trade at 3.74 per mmBtu.

Morning Summary, Market Synopsis: 10th October, 2013

The Indian stock market indices have opened the day Of October 10, 2013 on a firm note. The Sensex today is up by around 37 points (0.2%), while the NSE-Nifty is up by around 20 points (0.3%). The BSE Mid Cap and BSE Small Cap stocks have also opened in the green with the BSE-Midcap index and the BSE-Smallcap index up by around 0.6% and 0.5% respectively. On the international front, in US The Dow and S&P 500 narrowly avoided a three-day losing streak in volatile trading on Wednesday, but the ongoing anxiety over the political gridlock in Washington kept a damper on gains. Asian equity markets were mixed on Thursday as hopes rose for a break in Washington's political impasse after President Obama launched a series of meetings with lawmakers at the White House. Coming back to India barring banking and oil and gas, the sectoral indices have opened in the green with the stocks in the realty and metal space leading the gains. The breadth of the market is positively placed as eleven stocks are seen advancing against five declining stocks.

Closing Summary, Market Synopsis: 9th October, 2013

Key benchmark indices extended intraday gains in late trade as European stocks reversed intraday losses and trading in US index futures pointed to a recovery on the Wall Street later during the global day on news that known-dove Janet Yellen is expected to be named chairman of the Federal Reserve. Indian stocks got additional boost from the latest data which showed India's trade deficit narrowed sharply in September 2013 from August 2013. The data helped ease worries about the country's high current account deficit. The 50-unit CNX Nifty moved past the psychological 6,000 mark to close at 6007, up 79 points.

The market breadth, indicating the overall health of the market, was positive. The advances to declines in Nifty50 stocks stands at 40 advances to 10 declines. Except CNX MNC all sectors traded in NSE closed in the green with CNX Realty as top gainers (up by 4.52%).

Commodity Market Update (Crude Oil)

Precious metals are trading lower since morning due to ongoing uncertainty over the US government shutdown and the upcoming debt ceiling debate. Actively traded Gold contract is losing a percent or 13.20 points to trade at 1311.30 while front month Silver futures tested a low of 22.03 before settling at 22.14, down 1.35% or 0.30 points an ounce. Base metals are trading higher since morning, except Copper which is down more than half a percent or 36.80 points to trade at 7194.75 after having tested a low of 7165 per metric ton. WTI Crude Oil is trading almost flat at 103.46, down 0.03 points a barrel after swinging between gains and losses while Natural Gas is trading in green at 3.73, up a cent or 0.35% per mmBtu. Oil traders are looking for EIA’s Crude Oil Inventories report which will be released tonight at 8.00PM with a market forecast of 0.9 Mbd against the previous week of 5.5 Mbd.

Morning Summary, Market Synopsis: 9th October, 2013

The Indian stock market indices have opened the day on a weak note on October 9, 2013 on the back of weak international cues. The Sensex today is down by around 126 points (0.6%), while the NSE-Nifty is down by around 41 points (0.6%). However, the BSE Mid Cap and BSE Small Cap stocks have however opened on a flat note. The rupee is trading at Rs 62.27 to the US dollar. On the international front, in US, stocks finished sharply lower for a second session on Tuesday, with major averages hitting one-month lows, as investors digested comments from President Barack Obama on the ongoing political impasse in Washington. Coming back to India, Barring healthcare and realty, the sectoral indices have opened in the red with the stocks in the consumer durables and banking sector leading the losses. The breadth of the market is positive as eight stocks are seen advancing against five declining stocks.