Thursday 3 October 2013

Morning Summary, Market Synopsis: 3rd October, 2013

Photo: Morning Market Update:
The Sensex today ie October 3, 2013 is up by around 132 points (0.7%), while the NSE-Nifty is up by around 41 points (0.7%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.6% and 0.5% respectively. The rupee is currently trading at Rs 62.45 to the US dollar. Earlier in US, Stocks eased off session lows but still closed in the red on Wednesday, amid mounting worries that the ongoing budget battle in Washington could eventually lead to a failure to raise the country's debt ceiling. Asian equity markets kicked off on Thursday mixed, after a meeting between President Barack Obama and Congressional leaders failed to yield a solution to Washington's budget stalemate. Coming back to India, on the sectoral front, all the indices except one are trading in green. The Metal Index is trading as the biggest gainer with the gain of more than two and half a percentage point. This is followed by the IT Index which is trading with the gain of almost two and one fifth of percentage point. On the other hand, FMCG index is the biggest loser with the loss of four –tens of a percentage point. . 

Further, the market breadth opened positive as eight stocks are seen advancing against three declining stocks.
The Sensex today ie October 3, 2013 is up by around 132 points (0.7%), while the NSE-Nifty is up by around 41 points (0.7%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.6% and 0.5% respectively. The rupee is currently trading at Rs 62.45 to the US dollar. Earlier in US, Stocks eased off session lows but still closed in the red on Wednesday, amid mounting worries that the ongoing budget battle in Washington could eventually lead to a failure to raise the country's debt ceiling. Asian equity markets kicked off on Thursday mixed, after a meeting between President Barack Obama and Congressional leaders failed to yield a solution to Washington's budget stalemate. Coming back to India, on the sectoral front, all the indices except one are trading in green. The Metal Index is trading as the biggest gainer with the gain of more than two and half a percentage point. This is followed by the IT Index which is trading with the gain of almost two and one fifth of percentage point. On the other hand, FMCG index is the biggest loser with the loss of four –tens of a percentage point. .

Further, the market breadth opened positive as eight stocks are seen advancing against three declining stocks.

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