Tuesday, 17 December 2013

Morning Summary, Market Synopsis: 17th December, 2013


The market bounced back on Tuesday with the Sensex gaining more than 100 points, tracking positive global cues. It is after the weakness seen in previous five consecutive sessions. The Sensex rose 110.29 points or 0.53 percent to 20,769.81, and the Nifty climbed 28.20 points or 0.46 percent to 6,182.90. Indian rupee opened marginally lower at 61.82 per dollar on Tuesday as against previous day's closing of 61.74 per dollar. On Global front, Asian markets joined the global rally as investors cheered upbeat economic data one day before the start of the two-day Federal Reserve meet. U.S. stocks advanced on Monday amid optimism that economic recovery will gain steam in 2014, while expectations that Federal Reserve will keep policy loose even after its eventual decision to taper its USD85 billion in monthly asset purchases. On BSE, Midcap is up by 0.58% and Small cap is higher by 0.67% and on sectoral front, all the sectors are trading in green today with Auto remains at top with a gain of 1.08% while the least gainer is Bankex to add just 0.26%.
Further the market breath stands positive with 849 advances against 336 declines.
Photo: Morning Market Update:
The market bounced back on Tuesday with the Sensex gaining more than 100 points, tracking positive global cues. It is after the weakness seen in previous five consecutive sessions. The Sensex rose 110.29 points or 0.53 percent to 20,769.81, and the Nifty climbed 28.20 points or 0.46 percent to 6,182.90. Indian rupee opened marginally lower at 61.82 per dollar on Tuesday as against previous day's closing of 61.74 per dollar. On Global front, Asian markets joined the global rally as investors cheered upbeat economic data one day before the start of the two-day Federal Reserve meet. U.S. stocks advanced on Monday amid optimism that economic recovery will gain steam in 2014, while expectations that Federal Reserve will keep policy loose even after its eventual decision to taper its USD85 billion in monthly asset purchases. On BSE, Midcap is up by 0.58% and Small cap is higher by 0.67% and on sectoral front, all the sectors are trading in green today with Auto remains at top with a gain of 1.08% while the least gainer is Bankex to add just 0.26%.
Further the market breath stands positive with 849 advances against 336 declines.

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