Friday, 1 November 2013

Morning Summary, Market Synopsis: 1st October, 2013

Indian Equity market opened positive today with Sensex logging gain of 61.72 points to 21226.24, and the Nifty is up 13.80 points at 6312.95. Indian rupee fell 39 paise to 61.89 against the US dollar in morning trade. Snesex tested a record high today, led by foreign liquidity. Better-than-expected second quarter earnings and deferment of Fed tapering are the two major reasons that drove the market to a new high. Globally, US stocks finished lower on Thursday as the Federal Reserve's statement the day before added to investors' anxiety about the timing of a pullback in its stimulus program. The Dow Jones industrial average fell 73.01 points, or 0.47 percent, to close at 15,545.75. The S&P 500 lost 6.77 points, or 0.38 percent, to finish at 1,756.54. The Nasdaq Composite dropped 10.91 points or 0.28 percent, to end at 3,919.71. On BSE, Midcap and Small cap are trading higher by 0.72% each. On sectoral front, Realty is leading fabulously by a gain of 2.20% while on the negative side Consumer durable is down by 1.60%.
Further the market breath is also in the favor of market with number of advancing shares outnumbered the declining one. We can see 1066 shares advancing against 590 declining shares.

Photo: Morning Market Update:
Indian Equity market opened positive today with Sensex logging gain of 61.72 points to 21226.24, and the Nifty is up 13.80 points at 6312.95. Indian rupee fell 39 paise to 61.89 against the US dollar in morning trade. Snesex tested a record high today, led by foreign liquidity. Better-than-expected second quarter earnings and deferment of Fed tapering are the two major reasons that drove the market to a new high. Globally, US stocks finished lower on Thursday as the Federal Reserve's statement the day before added to investors' anxiety about the timing of a pullback in its stimulus program. The Dow Jones industrial average fell 73.01 points, or 0.47 percent, to close at 15,545.75. The S&P 500 lost 6.77 points, or 0.38 percent, to finish at 1,756.54. The Nasdaq Composite dropped 10.91 points or 0.28 percent, to end at 3,919.71. On BSE, Midcap and Small cap are trading higher by 0.72% each. On sectoral front, Realty is leading fabulously by a gain of 2.20% while on the negative side Consumer durable is down by 1.60%.
Further the market breath is also in the favor of market with number of advancing shares outnumbered the declining one. We can see 1066 shares advancing against 590 declining shares.

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