Monday 14 October 2013

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

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