Wednesday, 11 December 2013

Morning Summary, Market Synopsis: 11th December, 2013

The Indian equity market opened in red today extending its losses with the Sensex falling 132.03 points to 21,123.23, and the Nifty losing 39.70 points to fall below the 6,300 level at 6,293.15 at the time of market opening. Indian rupee declined in early trade on Wednesday. It opened lower by 17 paise at 61.22 per dollar as against previous day's closing value of 61.05. The dollar is near a six-week low against major currencies holding around the 80 mark. Euro strengthened on expectations of a banking deal in the euro zone. US markets ended modestly lower on Tuesday, with S&P 500 retreating from a record close ahead of the Fed meet next week. European equities, too, trended lower. On BSE, Midcap and Smallcap are trading lower with Midcap down by 0.06% and small cap is lower by 0.04%. On Sectoral front, FMCG is the top gainer t edge up 0.74% while Auto is down almost a percent as we write this.

Further the market breath stands negative with 536 shares are seen advancing against 681 declining shares.

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