Closing Summary, Market Synopsis: 31st December, 2013

Key benchmark indices eked out small gains on the last trading session of 2013. The barometer index, S&P BSE Sensex, garnered 27.67 points or 0.13%, & CNX Nifty closed shop at 6315.55 up by 13 points. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advance to declines stood at 33 advances to 16 declines, 1 unchanged. Sector wise in CNXNifty, CNX Energy was the top gainers whereas CNXMNC is the top loser in today’s market.

Commodity Market Update (Silver)

Precious metals on COMEX are trading silent since morning ahead of Holiday in observance of New Year’s Day. Actively traded Gold contract is trading at 1199.90, down 3.90 points or 0.32% and front month Silver futures down around half a percent or 11 cents to trade at 19.505 after having tested a low of 19.38 an ounce. On LME, base metals are continuing its last day’s steep decline except Copper which is trading at 7381, up 8.25 points. 3-month Lead and Zinc both are losing most of the ground, down around 0.75% each to trade at 2235.50 and 2071.25 respectively. Energy prices on NYMEX are trading lower since morning with Crude Oil trading at 98.94, down 0.34% while Natural Gas is down more than half a percent or 2.5 cents to trade at 4.402 after having tested a low of 4.396 per mmbtu.

Morning Summary, Market Synopsis: 31st December, 2014

The market has opened in the positive terrain, supported by banking sector. The Sensex is up 59.50 points at 21202.51 and the Nifty is up 15.05 points at 6306.15. The Indian rupee gained in the early trade to 61.825 and but later on eased its strength and is trading at 61.885, higher by 0.03 points or 0.05%. On global front, Asian stocks traded in a narrow range on the final day of the year in extremely light trade with markets in Japan, South Korea shut for holidays. On BSE, Mid cap and Small cap are trading higher since morning and up around half a percent each. On sectoral front, BSE Oil and Gas is top gaining counter among the all sectors, up 0.73%, followed by rest of the sectors which are up around half a percent each.
Further the market breadth stands positive with 784 shares advancing against 358 declining shares.

Closing Summary, Market Synopsis: 30th December, 2013

The Indian benchmarks ended the day on a negative note on December 28, 2013. The indexes opened on a stronger note and inched up. After gaining some minor ground, the high of the day was made and indexes started losing ground. In the end, they closed towards the low of the day. The market sunk into pressure after opening in the green. The Nifty ended the day below 6300, 6291.10 down 23 points, while the Sensex closed 51 points lower at 21143.01.While the BSE Midcap lost 0.10 percent, Small cap soared a 0.22 percent. Bhel, Coal India, HDFC, Tata Motors and Reliance were top gainers in the Sensex. On the losing side were Infosys, Bajaj Auto, M&M, L&T, and ICICI Bank. On the sectoral front, all the indexes except three closed in red. The Metal Index closed as the biggest gainer with the gains of more than two-third of a percentage point. On the other hand Realty Index closed as the biggest loser with a loss of slightly less than one and six-tens of a percentage point.

Further, the market breadth closed positive as six stocks were seen advancing against five declining stocks.

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Closing Summary, Market Synopsis: 27th December, 2013

The Indian benchmarks ended the day on a positive note on December 27, 2013. The indexes opened on a flat note and inched up slowly. After gaining some minor ground, they were seen consolidating their gains. They have closed near the highest weekly close but have been unable to cross them on closing basis. The market saw a strong performance with support by banks and IT stocks. The Sensex was up 118.99 points at 21193.58, and the Nifty ended at 6313.80 up 34.90 points. While the BSE Midcap gained 0.26 percent , Smallcap soared a 0.13 percent. TCS, Wipro, Cipla, HDFC, and Infosys were top gainers in the Sensex. On the losing side were Maruti, Reliance, BHEL, Bajaj Auto and Axis Bank. On the sectoral front, all the indexes except two closed in green. The IT Index closed as the biggest gainer with the gains of more than one and two-third of a percentage point. On the other hand the Oil & Gas Index closed as the biggest loser with a loss of slightly less than half a percentage point.

Further, the market breadth closed positive as seven stocks were seen advancing against six declining stocks.

Commodity Market Update (Copper)

Precious metals on COMEX are trading silent since morning and trading in a small range with Gold trading at 1211.00, down 1.30 points or 0.11% while Silver is trading at 19.85, down 6 cents or 0.31% an ounce. Base metals prices on LME are trading higher since morning on the back of improved economy of US and China and supplies worries from Indonesia. 3-month Copper futures climbed to four and half months high of 7410 before settling at 7389.00, up 102.50 points or 1.41%, followed by rest of the metals which are gaining around a percent each. WTI Crude Oil is trading at 99.58, up 3 cents while Natural Gas is trading down at 4.409, lower by 0.54% per mmbtu. Energy traders are waiting for EIA’s Natural Gas Storage and Crude Oil Inventories report which are set to be released at 9.00PM and 9.30PM respectively.

Morning Summary, Market Synopsis: 27th December, 2013

The market has opened the January series on positive note with the help of banking sector and FMCG sector. The Nifty is gaining almost half a percent or 29.65 points to trade at 6308.55 while the Sensex is trading at 21176.12, higher by 0.48% or 101.53 points. The Indian rupee gained in the early trade to 61.96 and but later on eased its strength and is trading at 62.10, higher by 0.06 points or 0.10%. On global front, Asian equity markets were mixed on Friday as Japan's Nikkei index pulled back from fresh six-year highs while a record close on the Dow lifted sentiment in the rest of the region. On BSE, small cap jumped over a percent while Mid cap is trading higher by 0.41% as we write this. On sectoral front, BSE Realty, BSE Teck and BSE IT are the leading sectors among the all sector, up more than a percent each.
Further the market breadth stands positive with 756 shares advancing against 426 declining shares.

Closing Summary, Market Synopsis: 26th December, 2013

Key benchmark indices edged higher after witnessing immense volatility during the last one hour of the trading session as traders rolled over positions in the futures & options (F&O) segment from the near month December 2013 series to January 2014 series. The December 2013 derivatives contracts expired today, 26 December 2013. CNX Nifty shut shop up by 10.5 points at 6279, the S&P BSE Sensex, was provisionally up 39.51 points or 0.19%.

The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advance to decline stands at 27 advances to 22 declines, 1 unchanged. Sector wise in NSE CNXPSE is the top gainers, followed by CNXMNC & Bank Nifty whereas CNX Pharma is the top loser in today’s market.

Commodity Market Update (Crude OIl)

Precious metals on COMEX are trading silent since morning and trading in a small range with Gold trading at 1205.90, up 2.60 points or 0.22% while Silver is trading at 19.51, up 3 cents or 0.13% an ounce. Copper prices on CMX are trading flat at 3.3745 with positive bias while LME is closed in observance of Boxing Day. Energy prices on NYMEX are trading silent with positive bias with WTI Crude Oil is trading at 99.30, higher by 8 cents per barrel while Natural Gas is trading at 4.45, gain almost a percent or 3.6 cents after having tested a high of 4.465 per mmbtu. On data front, market participants are waiting for US DOL’s Unemployment Claims data which is set to be released tonight at 7.00PM with an analyst expectation of 346,000 against the previous week of 379,000.

Morning Summary, Market Synopsis: 26 th December, 2013

Morning Market Update:
The market maintained positive bias amid choppy trade ahead of December derivative contracts expiry today. The Sensex rose 42.24 points to 21074.95 and the Nifty climbed 14.40 points to 6,282.80, but the broader markets outperformed benchmarks for the third consecutive session. Indian rupee is trading at 61.96, weaker by 0.16 points or 0.27% at the time of writing this. On Global front, Asian markets were trading firm on Thursday. Japanese stocks rose to fresh six-year highs for a fourth straight session on Thursday, extending the weeks strong gains thanks to a weaker currency. On BSE, small cap and Mid cap are trading higher and up 1.32% and 1.02% respectively. On sectoral front, all sectors are gaining more or less half a percent while BSE Consumer Durable sector top gainer among the all sectors, up 1.61% at the time of writing this.
Further the market breadth stands positive with 930 shares advancing against 241 declining shares.

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Closing Summary, Market Synopsis: 24th December, 2013

The Indian benchmarks ended the day on a negative note on December 24, 2013. The indexes opened flat and the opening itself was near the high. Indexes moved in a very narrow range in the first half and it was in the second half that some wider movement took place. At the end they closed weaker. Thus It was another range bound session for the market on Tuesday ahead of December derivative contracts expiry. The Sensex lost 68.32 points to 21,032.71, and the Nifty fell 16.10 points to 6268.40 while the BSE Midcap gained 0.5 percent and Smallcap soared a percent. Bhel, Bajaj Auto, Dr Reddy, L&T and NTPC were top gainers in the Sensex. On the losing side were Tata Power, SSLT, Wipro, Sun Pharma and Hero Motor. On the sectoral front, indexes closed mixed. The Capital Goods Index closed as the biggest gainer with the gains of two-third of a percentage point. On the other hand the Metal Index closed as the biggest loser with a loss of slightly more than one percentage point.

Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.

Commodity Market Update (Silver)

Precious metals on COMEX are trading mixed since morning and trading between gains and losses with Gold trading at 1199.40, up 2.40 points or 0.21% while Silver is trading in red at 19.37, down 4 cents or 0.22% an ounce. With the exception of Nickel, Base metals are continuing its last couple of sessions rally on the back of improved economic outlook. 3-month Zinc is top gaining counter among the group, up a percent or 20.75 points to trade at 2077.75, followed by rest of the metals while Copper is trading at 7267, up 26 points or 0.36% per metric ton. Energy prices on NYMEX are trading silent with negative bias ahead of Christmas Holiday. WTI Crude Oil is trading at 98.89, down 3 cents while Natural Gas is down 0.16% to trade at 4.456 per mmbtu.

Morning Summary, Market Synopsis: 24th December, 2013

Morning Market Update:
The market opens slightly higher on Tuesday and makes mild moves as the Nifty is trading at 6296.45, up 11.95 points while the Sensex is up 43.33 points to trade at 21144.36. Indian rupee is trading at 61.83, stronger by 0.20% or 0.1225 points as we write this. On Global front, Asian equity markets cheered another record close on Wall Street overnight, led by fresh six-year highs on Japan's benchmark index. On BSE, midcap and small cap are trading higher since morning with Midcap up by 0.61% while small cap up by 0.88%. On Sectoral front, BSE Capital Goods is the top gainer among the all sectors to gain 1.01% while on the other hand BSE Metal is worst performing index, down around a percent at the time of writing this.
Further the market breath stands positive with 790 share seen advancing against 344 declining shares.

Closing Summary, Market Synopsis: 23rd December, 2013

Key benchmark indices eked out marginal gains after witnessing high volatility during the last one hour or so of the trading session. CNX Nifty closed up by 10.25 points at 6284.5. The market breadth, indicating the overall health of the market, was strong, in Nifty50 stocks the advance to declines stood at 32 advances to 16 declines, 2 stocks remained unchanged. Sector wise CNX Realty is the top gainers & CNXIT the top loser in today’s market.

Shares of a number of small-cap and mid-cap companies rose for the second day in a row, boosted by stock market regulator Securities and Exchange Board of India's (Sebi) announcement on 19 December 2013 that it has decided to rationalize the rules on trading of thinly-traded stocks. BSE Small-Cap and Mid-Cap indices were up more than 1% each, with both these indices outperforming the Sensex.

Commodity Market Updates (Gold)

Precious metals on COMEX are trading silent since morning with Gold trading at 1202, down 1.80 points while front month Silver futures eased 0.14% to trade at 19.43 after having tested a low of 19.265 an ounce. Base metals on LME are trading higher since morning and continued its last week rally due to supply worries. 3-month Zinc is leading the metals group, up 1.05% or 21.50 points to trade at 2059.50 and Copper is up 15.25 points to trade at 7251.50, followed by rest of the metals except Aluminum which is trading in red at 1779.50 per metric ton. Energy prices on NYMEX are trading mixed since morning with Crude Oil trading at 99 down 33 cents while Natural Gas is adding 2.22% or 10 cents to trade at 4.516 after having tested a high of 4.532 per mmbtu.

Morning Summary, Market Synopsis: 23rd December, 2013

Morning Market Update: The market has opened on a flat note first day of the week but later on it has gained momentum as Nifty hits 6300. The Nifty is up 33.15 points at 6307.40 while the Sensex gains 120.40 points to be at 21200.12. Indian rupee is trading at 61.93, stronger by 11 paise at the time of writing this. On Global front, Asian equity markets rose on Monday, but trading volumes were thin with Japanese markets shut for the Emperor's Birthday. Higher borrowing costs in China continued to plague sentiment after the benchmark seven-day repo rate jumped back above 8 percent in mid-morning trade. On BSE, Midcap and small cap are trading positive with midcap up by 1.13% and small cap by 1.06%. On sectoral front, BSE Realty is the best performer to gain 2.87% while on the flipside the BSE IT is losing most of the ground, down 0.41% as we write this.
Further the market breath stands negative with 893 share seen advancing against 288 declining shares.

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Closing Summary, Market Synopsis: 20th December, 2013

The Indian benchmarks ended the day on a positive note on December 20, 2013. A dull start in the beginning was followed by a very strong move in the indexes in the second half. The rally was largely led by Reliance Industries after the cabinet decision on gas price and liquidity gush by foreign institutional investors despite Fed's decision to taper. The Sensex rallied 371.10 points or 1.79 percent to 21,079.72, and the Nifty rose 107.60 points or 1.74 percent to close at 6,274.25. The top five sensex gainers were Reliance, ONGC, Wipro, M&M and HDFC. While only three sensex losers were Sesa –Sterlite, Jindal Steel, and Sun Pharma,. The midcap index and the smallcap index closed in green with the gain of one and three-fourth of a percentage point and one and one-third of a percentage point respectively. On the sectoral front, all indexes except one closed in green. The Oil & Gas Index closed as the biggest gainer with the gain of nearly four percentage point. This was followed by the Realty Index which closed with the gain of two and three-forth of a percentage point. On the other hand the Consumer Durables index closed as the biggest and only looser with the loss of almost one and half a percentage point.

Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.

Commodity Market Update (Copper)

Precious metals prices are trading marginally higher as prices recovered after a sharp decline in the past session. Gold prices on CMX are trading at 1195.0, up by a dollar while Silver is trading higher by half a percent at 19.27 an ounce. The near term outlook seems negative and we recommend traders to ignore risky buys at this level. Base metals on LME are trading in green with Zinc gaining the most by 1.14% or 22 points, followed by rest of the metals. Copper prices are trading at 7253.0 with an intraday high of 7260.0, +0.40% at the time of writing this. Crude Oil and Natural Gas prices on NYM are at 98.62 and 4.47 respectively. Crude Oil is trading down by 0.32% while Natural Gas is trading up by 0.32%. Intraday view remains neutral for Crude Oil and bias for Natural gas stands positive.

Morning Summary, Market Synopsis: 20th december, 2013

The market started off trade with a positive bias on last day of the week supported by Reliance Industries and ONGC . The Sensex rose 47.94 points to 20,756.56, and the Nifty gained 5.10 points at 6,171.75. Indian rupee is trading at 62.28, stronger by 27 paise as we write this. On Global front, Asian markets are mixed today while a day after the call to taper, US markets ended flat to lower on mixed economic data. Europe too reacted positively to a less easy Fed with core markets ending 1.5 percent higher. On BSE, Midcap and small cap are trading positive with midcap up by 0.77% and small cap by 0.85%. On sectoral front, BSE oil and Gas are the best performer to gain 1.47% while on the flipside the worst performing sector is FMCG to decline 0.65% at the time of writing this.
Further the market breath stands positive with 1117 share seen advancing against 576 declining shares.

Closing Summary, Market Synopsis: 19th December, 2013

Key benchmark indices edged lower in choppy trade as the US Federal Reserve's move to cut its bond-buying program rekindled concerns of slowing foreign inflows. The Fed on Wednesday, 18 December 2013, announced plans to cut its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus put in place to help the US economy recover from the worst recession since the 1930s. The reduced availability of cash in the global financial system could temper the flow of foreign money into India, which has been one of the biggest beneficiaries of foreign capital.
CNX Nifty closed down by 50 points at 6166.65. The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks the advance to decline stands at 14 advances to 36 declines.

Commodity Market Update (Natural Gas)

Precious Metals are trading deep in red today after the FED decided to taper the purchasing program by $10 billion a month from next month; gold futures traded on CMX are down 31.40 or 2.55% to 1203.50 an ounce and silver is down 19.27 an ounce, down 80 cents or 3.93%. Domestic gold and silver prices are down 428 points and 1471 to trade at 28436.0 per ten grams and 43871.0 per kilogram respectively. Base Metals are also trading lower with Nickel being the only exception; three month copper futures traded on LME is down 75.0 or 1.035 to 7202.0 per ton. MCX Copper is down 3.50 or 0.76% to trade at 458.05 per kilogram. Crude Oil is trading unchanged at 98.05 whereas prices are up 21.0 or 0.34% to 6134.0 per barrel. Natural Gas is up 1.51% to trade at 4.315 per mmbtu. Metals are likely to trade with a negative bias. Crude Oil and Natural Gas is likely to trade in a range.

Key Economic Releases: Jobless Claims, Existing Home Sales, Natural Gas Storage

Morning Summary, Market Synopsis: 19th December, 2013

Indian equity market opened lower today with the Sensex fell 75.85 points to 20,784.01, and the Nifty lost 24.80 points to 6,192.35The Federal Reserve announced Wednesday it would start to taper its aggressive bond-buying program to USD 75 billion a month beginning in January, propelling the market to a record close. Indian rupee opened lower by 15 paise at 62.24 against the US dollar on Thursday versus previous day's closing of 62.09. On global front, U.S. stocks rose on Wednesday even after the Federal Reserve announced plans to begin scaling back a monthly bond-buying program that has supported stocks for over a year now, as dovish language in the policy statement sparked a rally. On BSE, Midcap and Small ca are trading down today with midcap lower by 0.06% and small cap is down by 0.17%. On sectoral front, IT is performing the best to gain more than a percent and capital Goods is the worst performer to trade down by 1.59%.
Further the market breath stands neutral with a ratio of 1:1.

Closing Summary, Market Synopsis: 18th December, 2013

The Indian benchmarks ended the day on a positive note on December 18, 2013. The indexes opened flat and soon made the bottom of the day. Then they started inching upward and gathered momentum just before the announcement made by RBI Governor in its Mid –Term Policy Review. This momentum was carried forward post the surprising announcement of NIL change in policy rates. Indexes finally settled the day almost near the high of the day. Now, the traders are waiting for the outcome of FED meet for the announcement of tapering. This is expected to be out today evening. The Sensex surged 247.72 points to close at 20,859.86, and the Nifty climbed 78.10 points to 6,217.15, led by rate sensitive stocks, thus snapping six day loosing streak. The top five sensex gainers were BHEL, TATA Power, Bajaj Auto, Heromotocorp and L&T. While only sensex losers were Jindal Steel, SSLT, & ICICI Bank. The midcap index and the smallcap index closed in green with the gain of one and one-third of a percentage point and one and one-tens of a percentage point respectively. On the sectoral front, all the indexes closed in green. The Realty Index closed as the biggest gainer with the gain of three and half a percentage point. This was followed by the Capital Goods Index which closed with the gain of two and six-tens of a percentage point.

Further, the market breadth closed positive as two stocks were seen advancing against each declining stock.

Commodity Market Update

Precious metals on COMEX are trading between gains and losses ahead of US Federal Reserve’s policy meeting which will be held on Thursday at 12.30AM. Actively traded Gold contract is trading at 1233.30, up 3.20 points or 0.27% while front month Silver futures rose 0.66% or 0.13 points to trade at 19.97 an ounce. Base metals on LME are trading lower ahead of FOMC statement. 3-month Copper is worst performing metals, ease almost half a percent or 33.25 points to trade at 7239.25 after having tested a low of 7227.50, followed by rest of the metals. Energy prices on NYMEX are trading mixed with Crude Oil trading at 97.11, down 11 cents while Natural Gas is up a percent or 4 cents to trade at 4.329 per mmbtu.

Morning Summary, Market Synopsis: 18th December, 2013

The market is volatile in early trade on Wednesday with the Nifty hovering around 6150 level as investors are cautious ahead of announcement of RBI policy. The Sensex rose 36.34 points to 20,648.48, and the Nifty advanced 11.40 points to 6,150.45. Indian rupee breached the 62-mark against the dollar in early trade. It opened higher by 19 paise at 61.82 as compared to Tuesday's close of 62. The big event for the day is RBI policy. Every expert on the street expects the central bank to hike repo rate - at which banks borrow money from RBI - by 25 basis points due to disappointment on inflation front. On the global front, Asian markets are cautious ahead of US Fed's monetary policy outcome tonight, but Nikkei rose more than a percent following strong export data. US markets ended slightly lower ahead of Fed taper decision and European markets too closed lower. On BSE,small cap and Midcap are trading higher by 0.46% and 0.57% respectively and on sectoral front, Capital Goods is the outperformer to gain 1.13% while Metal is the only sector to trade lower today.

Further the market breath stands positive with 768 shares are seen advancing against 343 declining shares.

Closing Summary, Market Synopsis: 17th December, 2013

Key benchmark indices reversed direction after holding positive zone till afternoon trade as European stocks dropped. The S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at their lowest level in more than 2-1/2 weeks. CNX Nifty shut shop down 16 points at 6139. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stands at 23 advances to 27 declines.
A widely expected hike in repo rate by the Reserve Bank of India (RBI) after a monetary policy review tomorrow, 18 December 2013, weighed on stock prices as key benchmark indices dropped for the sixth day in a row.

Commodity Market Update (Silver)

Precious metals are trading lower today with Gold trading at 1238.10, down by half a percent or 6 points and Silver is at 19.96, lower by 0.75% as we write this. The intraday outlook remains negative for Gold and Silver and we expect prices to drift further down in the coming hours. Base metals on LME are trading higher today with Copper prices are at 7287.0, +2 points while lead is the best performer to gain 0.66% at 2184.0. Outlook remains positive for base metals and we expect prices to trade higher. Crude Oil and Natural Gas prices on NYM are trading mixed with Crude Oil is at 97.22, lower by 0.27% or 26 cents and Natural Gas is at 4.28, higher by 0.19%.

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.

Commodity Market Update (Gold)

Precious metals on COMEX are trading lower since morning as holdings in the ETF funds slumped 31% since January 2013. Actively traded Gold contract is losing 6.10 points or half a percent while Silver prices dropped 0.68% or 0.134 points to trade at 19.47 an ounce. With the exception of Aluminum, Base metals are trading higher since morning due to weaker dollar against the other currencies. 3-month Lead and Zinc are top gaining counter among the group, up around 0.75% to trade at 2166.00 and 1986.25 respectively while Copper tested a high of 7288 before settling at 7274.00, up 0.40% or 28.75 points per metric ton. WTI Crude Oil is trading at 97.21 with a nominal gain of 28 cents while NYMEX Natural Gas tested a low of 4.251 before settling at 4.297, down 1.24% or 0.054 points as traders locked their profits after the last two weeks steep rally to seven months high.

Morning Summary, Market Synopsis: 16th December, 2013

The market slips marginally in early trade on Monday following weakness seen in its Asian counterparts on uncertainty over timing of scaling back US fiscal stimulus by Federal Reserve. The Sensex declined 23.51 points to 20,692.07, and the Nifty slipped 7.20 points to 6,161.20 at the time of market opening. Indian rupee opened flat at 62.15 per dollar on Monday as against Friday's closing value of 62.12 per dollar. The FOMC and RBI policy will be important cues for this week. On International front, Asian markets are in the red ahead of a crucial Fed policy meet later this week. China HSBC PMI fell to a 3-month low. On BSE, Midcap and Small cap are trading up by 0.39% each and on sectoral front, IT is the top gainer to add 1.08% while Oil and Gas is the worst performer to ease 0.46%.

Further the market breath stands positive with 1035 shares are seen advancing against 603 declining shares.

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Closing Summary, Market Synopsis: 13th December, 2013

The Indian benchmarks ended the day on a negative note on December 13, 2013. The indexes opened negative and continued their down move with side ward bias. Once, they started trading below the opening level, the indexes could not even touch the opening mark during the day. The sentiment was drastically subdued compared to the euphoria that was seen on Monday, post assembly election results. The Sensex declined 210.03 points or one percent to 20,715.58, and the Nifty slipped 68.65 points or 1.10 percent to 6,168.40. ICICI Bank and BHEL topped the selling list, falling 4 percent each followed by HDFC, GAIL , Bajaj Auto , Hero Motocorp and State Bank of India with a 2-3 percent loss. However, Tata Motors continued to see short covering-led buying, rising 2.75 percent. This was followed by Mahindra and Mahindra, Infosys, Wipro, Tata Steel and Coal India. The midcap index and the smallcap index closed in red with the loss of one and quarter of a percentage point and almost one percentage point respectively. On the sectoral front, all indexes closed in red. The Bank Index closed as the biggest looser with the loss of two and a quarter of a percentage point. This was followed by the Power Index which closed with the loss of slightly more than two and one-fifth of a percentage point. On the other hand the IT index closed neutral with nil gain/loss.

Further, the market breadth closed negative as one stock was seen advancing against two declining stocks.

Commodity Market Update (Copper)

Precious metals are trading flat with Gold trading up by just a dollar at 1226.0 and Silver is higher by 4 cents at 19.49 an ounce. The near term outlook remains neutral for precious metals. Crude Oil and Natural Gas on NYMEX are trading in red with Crude Oil at 97.27, lower by 23 cents or 0.23% and Natural Gas is at 4.33, down by 1.27% as we write this. Crude Oil prices are struggling near an important support and a break below this will lead prices further down to test the next support at 96.50 level. Base metals on LME are trading nominally higher today, with Nickel remains the exception to trade in negative. The 3-month Nickel is at 13954.0, -0.50% while Lead is the top performer to gain 0.14% at 2130.0.0.

Data to watch: US PPI m/m and US Core PPI m/m

Morning Summary, Market Synopsis: 13th December, 2013

The market fell further in early trade on last trading day of the week, tracking nervousness across the globe on worries of Fed tapering in the forthcoming FOMC meeting due next week. Rate hike fears too spooked market and currency today. The Sensex lost 154.80 points or 0.74 percent to 20,770.81, and the Nifty fell 51.55 points or 0.83 percent to 6,185.50. The global mood is cautious. Asian markets are mixed on uncertainty over timing of scaling back fiscal stimulus by Federal Reserve. US markets slipped for the third session with the Dow closing down 100 points while European markets too feel the heat falling between 0.4-1 percent on Thursday. On BSE, Midcap is lower by 0.19% and Small cap is up by 0.05% while on sectoral front, Auto sector is the top gainer to gain 0.38% and bankex is the top loser to ease 1.52%.
Further the market breath stands negative with 552 shares are seen advancing against 663 declining shares.

Closing Summary, Market Synopsis:

Closing Market Update:
The Indian benchmarks ended the day on a negative note on December 12, 2013. Slide in key indices below Monday's gap (election result day gap of 6320 in Nifty) accelerated the pace of selling further, bringing another round of profit booking largely across beta names (Banks, Metals, Cap Goods). Defensives continued to remain the flavor of market with Pharma, FMCG and IT outperforming for third day. However again selling was limited to large caps; BSE Mid & Smallcap outperformed sharply. This is the reason for no signs of visible panic in market. Shorts were getting active slowly pushing Nifty spread to +28 points from +36 points towards close. Volumes in last hour of slide expanded. BSE FMCG index was still taking resistance at 200DMA although it has been outperforming for third day. Tata Motors plunged sharply below 50DMA for first time in four months on large volumes. This selling also got percolated to other Auto names today pushing BSE Auto index towards its 50DMA. Selling in Ambuja continued for third day now making it slide below 200DMA. Likewise after breaking below 200DMA, ONGC continued to slide sharply.

Further, the market breadth closed negative as three stocks were seen advancing against four declining stocks.

Commodity Market Update (Natural Gas)

Precious metals are trading lower today with Gold trading down by half a percent at 1250.60 and Silver is at 20.19, lower by 0.80%. Intraday view remains negative and we expect prices to trade down in the coming hours, traders are waiting for US jobless claims data which is scheduled at 7.00 PM and we expect prices to take cues from this weekly release. Base metals across the LME are trading in green with lead recording the highest gain of 0.65%, followed by Nickel and other base metals. Intraday outlook remains positive for base metals. Crude Oil and Natural Gas prices are trading mix today with Crude Oil is at 97.42, lower by just a cent and Natural Gas is up by 0.58% at 4.36 per mmBtu

Morning Summary, Market Synopsis: 12th December, 2013

The market extended its losses in early trade on Thursday following weakness in global peers over Fed tapering fears, continuing fall for the third consecutive session. The Sensex fell 115.60 points to 21,055.81, and the Nifty declined 31.45 points to 6,276.45. Indian rupee fell further in opening trade on Thursday. It depreciated by 35 paise to 61.60 against the US dollar versus previous day's closing of 61.25 per dollar. QE tapering fears resurface ahead of the US Federal Reserve's policy meeting next week. Leading economists expect the Fed to kick start its taper plan as the US economy strengthens. Mid cap is higher by 0.06% and Smallcap is up by 0.08% as we write this. On sectional front, Power sector is higher by 0.50% and Auto leads the laggards with a decline of 0.89%.
Further the market breath stands negative with 713 advances against 831 declines.