Friday, 22 November 2013

Morning Summary, Market Synopsis: 22nd November, 2013

The Indian equity market started the day on a positive note after declining sharply in last few sessions. The Nifty Index was at 6028.0, adding 30 points and Sensex was at 20231.0, up by 90 points at the time of market opening. Indian rupee opened higher at 62.89 per dollar on Friday as against previous day's closing of 62.93 per dollar. Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee. The US markets rallied with the Dow posting its first finish above 16,000, as the number of Americans filing for jobless benefits declined to a near two-month low. Halting its longest-running losing streak in eight weeks, the S&P 500 too inched closer to 1800. And the Nasdaq-led the charge with gains of 1.20%. On BSE, midcap is up by 0.73% and smallcap is higher by 0.80%. On sectoral front, Consumer durable is higher by 1.18% along with Capital Goods which is similarly higher while on the other hand, the worst performing sector is Auto - the only sector to trade in red, is down by 0.28%.
Further the market breath stands positive with 841 shares are seen advancing against 309 declining shares.

Photo: Morning Market Update:
The Indian equity market started the day on a positive note after declining sharply in last few sessions. The Nifty Index was at 6028.0, adding 30 points and Sensex was at 20231.0, up by 90 points at the time of market opening. Indian rupee opened higher at 62.89 per dollar on Friday as against previous day's closing of 62.93 per dollar. Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee. The US markets rallied with the Dow posting its first finish above 16,000, as the number of Americans filing for jobless benefits declined to a near two-month low. Halting its longest-running losing streak in eight weeks, the S&P 500 too inched closer to 1800. And the Nasdaq-led the charge with gains of 1.20%. On BSE, midcap is up by 0.73% and smallcap is higher by 0.80%. On sectoral front, Consumer durable is higher by 1.18% along with Capital Goods which is similarly higher while on the other hand, the worst performing sector is Auto - the only sector to trade in red, is down by 0.28%.
Further the market breath stands positive with 841 shares are seen advancing against 309 declining shares.

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