Morning Summary, Market Synopsis: 28th February, 2014

The market maintained its positive momentum with the Nifty holding the 6250 level and Sensex at 21000 level. The market opened on a flat note after a day holiday. The Sensex is up 20.55 points at 21007.54, and the Nifty is down 10.35 points at 6228.45. The Indian rupee opened lower by 12 paise at 62.10 per dollar against 61.98 Wednesday. The dollar holds steady this morning, after a surge in us equities confirmed investor appetite for risk and helped the currency recoup some of the losses suffered earlier on geopolitical concerns. Wall Street ended higher after Fed chief Janet Yellen said that the central bank would continue tapering its asset purchases while tracking data to figure how much recent softness in the economy is due to the weather. US stocks climbed, propelling the S&P 500 to a record close. On BSE, Midcap and Small cap are trading higher by 0.54% and 0.50% respectively. On sectoral front, Health Care is the top gainer to add 1.75% while on downside Bankex is the worst performer to ease 0.19% as we write this.
Further the market breath stands positive with 1179 shares are seen advancing against 672 declining shares.

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Commodity Mareket Update (Crude Oil)

Precious metals on CMX are trading in a small range since morning with Gold trading at 1341.40, down 1.20 points while Silver is trading at 21.945 with a marginal decline of 0.08% an ounce. Base metals are trading higher due to weaker dollar against the other currencies. 3-month Zinc is leading the industrial metals, gain 0.66% or 13.50 points to trade at 2058.50 while Copper tested a high of 7083.50 before settling at 7074.00 per metric ton, followed by rest of the metals. WTI Crude Oil is rebounding from its one week low of 101.58 and trading in green at 102.23, up 40 cents or 0.40% as we write this. Actively traded Natural Gas contract is trading at 4.912, plunge over 3.61% or 18.5 cents per mmbtu.

On data front, base metals traders are waiting for US New Home Sales and Oil traders are waiting for EIA’s Crude Oil Inventories report.

Morning Summary, Market Synopsis: 26th February, 2014

The Indian equity market opened nominally higher today, with Nifty logging a gain of 2.4 points at 6202.45 and Sensex was up by 15.22 points at 20867.69. The Indian rupee opened on flat note at 61.95 per dollar versus 61.94 Tuesday. The dollar index trades near 80 levels, after nudging 0.1 percent lower with some traders pointing to mixed US data as a reason for its fall. Globally, Wall Street ended modestly lower with the S&P 500 backing off from a record close as investors weighed a decline in consumer confidence and better-than-expected earnings from home-improvement retailer home depot. Asian markets got off to a cautious start on Wednesday following a flat finish on Wall Street due to concerns over opaque policy moves in China kept investors on edge. On BSE, Midcap is trading up by 0.18% and small cap gained 0.38% as we write this. On sectoral front, Healthcare is up by 0.74% where as on the downside, Metal is the worst performing sector to ease 0.79%.
Further the market breath stands positive with 768 shares are seen advancing against 443 declining shares.

Closing Summary, Market Synopsis: 27th February, 2014

ey indices rose for a fourth straight session today to close at its highest in more than a month as blue chips such as ITC Ltd rose on heavy buying by foreign investors despite expectations of volatility due to derivatives expiry. Also boosting sentiment was foreign buying of index futures and options on Tuesday, worth 21.51 billion rupees, a rare event one day ahead of the expiry of derivative contracts. Nifty shut shop up by almost 39 points at 6239.

NSE today launched trading of futures tied to its VIX volatility index .NIFVIX, known as the "fear gauge," providing a key hedging tool against uncertainty ahead of general elections and weaker global market sentiment. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 33 to 17.

Closing Summary, Market Synopsis: 25th February, 2014

The BSE Sensex and the Nifty gained for a third straight session to their highest closing in a month as IT stocks including Infosys rose on continued optimism about U.S. business outlook while foreign investor buying also helped sentiment.CNX Nifty shut shop marginally above the psychological level of 6200 (up by 14 points in a volatile trading session).

Metal and mining stocks edged lower. Sugar stocks rose after raw sugar futures on ICE soared to three-month high on Monday, 25 February 2014, on worries about potential crop damage from dry weather in Brazil. The overall market breadth was negative but in Nifty50 stocks the advance to declines stands at 25 to 24, with 1 stock remained unchanged.

Commodity Market Update (Silver)

Precious metals are trading in red with Gold down by 0.18% and Silver is lower by 0.93% at 1332.50 and 21.69 an ounce. Prices are moving lower on back of profit booking after last session’s gains. Overall outlook remains positive and we can see prices moving higher in near term. Crude Oil prices are trading down with a decline of just 0.57% or 59 cents at 102.23 and Natural Gas is at 5.35, lower by 1.67% as we write this. Intraday view on energy complex remains negative while overall view is still positive on Crude Oil and Natural Gas. Base Metals prices on LME are trading mixed with Copper trading down by 0.61% and Nickel trading lower by 0.78% at 7056.0 and 14270.0 respectively. Lead and Zinc prices are marginally higher at the time of writing with Lead trading up by 0.07% at 2136.0 and Zinc trading up by 0.05% at 2046.00.

Morning Summary, Market Synopsis: 25th February, 2014

The market has opened on a strong note. The Sensex is up 88.75 points at 20900.19, and the Nifty is up 23.10 points at 6209.20. The Indian rupee opened with a marginal gain of 8 paise at 61.98 per dollar on Tuesday as against previous day's closing value of 62.06 a dollar. The dollar steadies against its rivals as traders seek more clarity on the pace of the US economic recovery after a series of soft data releases in the past few weeks. Globally, the Nikkei average advanced to a 3.5-week peak after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks. Midcap and small cap are trading higher today with Midcap up by 0.58% and Smallcap is higher by 0.43% as we write this. On sectoral front, consumer durable is the top gainer to add 1.42%. while on down side power is worst trading sector to ease 0.33% at the time of writing this.
Further the market breath stands positive with 1162 shares are seen advancing against 595 declining shares.

Closing Summary, Market Synopsis: 24th February, 2014

Key benchmark indices rose for a second straight session on Monday to its highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties. CNX Nifty shut shop at 6186 up by 30.65 points (0.50%). Pharma stocks gained on renewed buying, Dr. Reddy's Laboratories, Lupin and Cadila Healthcare hit record high. Shares of state-run power generation major NTPC tumbled after the Central Electricity Regulatory Commission in its latest order directed power utilities to charge production incentives based on actual offtake, instead of on their readiness to produce power at above 85% capacity utilization.

The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 34 to 15, 1 stock remained unchanged.

Commodity Market Update (Gold):

Precious metals on COMEX are trading higher since morning with Gold trading near 15-weeks high at 1330.70, up 7.10 points or 0.53% while Silver is gaining 0.36% or 8 cents to 21.86 an ounce. Base metals on LME are losing heavily due to weaker demand from the world largest economies US and China. 3-month Copper is losing most of the ground, down 0.80% or 56.25 points to trade at 7093.00 after having tested a low of 7055.00, followed by rest of the metals which are also down around half a percent each. WTI Crude Oil is trading at 102.43, up 24 cents or 0.23%per barrel while Natural Gas jumped to the highest price of 6..478 in five years as forecasters warned of more freezing US weather and trading at 6.421, surge 4.53% or 28 cents per mmbtu.

Morning Summary, Market Synopsis: 24th February, 2014

The market kick-starts the week on a muted note. The Sensex is down 10.35 points at 20688.28, and the Nifty is down 5.95 points at 6149.00. The Indian rupee is trading almost flat at 62.13 after having a small range bound trading. On Global front, Asian shares were traded mixed on Monday, following Friday's uninspiring close on Wall Street. Data showed that China's new home prices rose 9.6 percent in January and it did little to lift sentiment. On BSE, Small Cap and Mid Cap are trading higher with a meager gain of 0.22% and 0.29% respectively. On sectoral front, BSE Capital Goods is top gaining sector among the group, up 1.79% while BSE Power is worst performing sector, tumbling over 1.5%.
Further the market breadth stands neutral with 604 shares advancing against the 590 declining shares.

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Morning Summary, Market Synopsis: 21st February, 2014

The market has opened in green territory. The Sensex is up 70.92 points at 20607.56, and the Nifty is up 16.85 points at 6108.30. The Indian rupee opened flat at 62.19 per dollar in the early trade on Friday. It closed at 62.22 Thursday. The dollar pulled away from a seven-week low against the euro and pushed higher against the yen in early Asian trade, bolstered by upbeat US economic data. In the global market front, US stocks moved higher to close at session highs, with the S&P was nearing its all-time high, as investors seemed to shrug off a mixed bag of economic and earnings reports. On BSE, midcap and small cap are also trading higher with gains of 0.61% and 0.68% respectively. On sectoral front, all the sectors are trading in positive with Bankex leading the gainers by 1.26% while Power is the least gainer to edge up 0.37% as we write this.
Further the market breath stands positive with 1120 shares are seen advancing against 477 declining shares.

Closing Summary, Market Synopsis : 20th February, 2014

Key benchmark indices fell today to snap four consecutive sessions of gains as blue-chips including ICICI Bank were hit by profit-taking after regional markets were hit by a survey painting a grim picture of China's manufacturing sector. CNX Nifty shut shop down 61.3 points (-1.0%) at 6091.45 level, BSE Sensex closed 0.9 percent lower at 20537.

The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks the advances to declines stands at dismal 9 to 41. All sectors traded on NSE barring CNX Pharma & CNX Media closed in the red with CNX PSU Bank (down by 1.95%) the worst hit.

Commodity Market Update (Natural Gas)

Precious metals on COMEX are trading lower as FOMC minutes signaled that policymakers would likely continue to reduce asset purchases. Actively traded Gold contract tested a low of 1308.50 before settling at 1314.80, down 5.60 points or 0.42% while Silver is losing a percent or 20 cents to trade at 21.645 after having tested a low of 21.40 an ounce. with the exception of Aluminum, Base metals are trading lower since morning due to weaker than expected manufacturing data from world largest industrial metal users. 3-month Zinc is leading the group, down 0.62% or 12.75 points to trade at 2043.25 while Copper tested a low of 7113.00 before settling at 7140.25, down half a percent or 33.75 points. WTI Crude Oil is trading flat at 103.24 as oil traders are waiting for tonight’s inventories report while Natural Gas is trading volatile since morning and trading almost flat at 6.178 after having tested a fresh high of 6.40 per mmbtu.

Morning Summary, Market Synopsis: 20th February, 2014

The Sensex slipped 106.16 points to 20,616.81 and the Nifty lost 38.75 points to 6,114. The rupee weakened marginally in early trade. It opened lower by 18 paise at 62.38 per dollar as against Tuesday's closing of 62.20 a dollar. The US markets sunk to session lows on Wednesday after Federal Reserve officials weighed whether it might be time to drop the notion that a 6.5 percent unemployment rate would be enough to consider raising rates. Higher interest rates would bolster the dollar and pressure demand for precious metals. On BSE, Midcap and small cap are trading higher by 0.02% each. On sectoral front, Consumer durable is the top performer to gain 0.60% while on downside, Bankex is the worst performing sector, down by 1.20%.
Further the market breath stands neutral with one stock was see advancing against each declining stock.

Closing Summary, Market Synopsis: 19th February, 2014

Key benchmark indices edged higher after the Reserve Bank of India after trading hours on Tuesday, 18 February 2014, said it will conduct term repo auctions in March 2014 to address liquidity tightness in the banking system. The S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at their highest level in more than 3-1/2 weeks, CNX Nifty closed at 6153 up by 25 points. The market breadth, indicating the overall health of the market was positive. In Nifty50 stocks the advances to declines stands at 27 advances to 23 declines. Sectorwise CNXIT was the outperformer (up by 1.50%) in NSE.

Commodity Market Update (Crude Oil)

Precious metals on CMX are trading lower since morning with Gold trading at 1319.70, down 4.70 points or 0.35% after having tested a low of 1314.20 while Silver tested a low of 21.62 before settling at 21.815, lower by 0.38% or 0.08 points an ounce. With the exception of Copper, Base metals are trading higher due to stronger demand from the top consumer of industrial metals. 3-month Nickel is leading the metals group, up a percent or 136 points while Copper tested a high of 7220.00 before settling at 7189.50 per metric ton. Crude Oil and Natural Gas prices on NYM are trading in green with Crude Oil logging gains of just 0.14% or 14 cents at 102.5 and Natural Gas is at 5.76, significantly up by 3.69% as we write this. Intraday outlook for Crude oil stands negative while that for natural gas is bullish.

Morning Summary, Market Synopsis: 19th February, 2014

The market gained further with the Nifty moving up towards 6150 level amid volatility, supported by technology, banks and capital goods stocks. The Sensex rose 54.22 points to 20,688.43 and the Nifty climbed 14.55 points to 6,141.65 while the broader markets outperformed benchmarks. Indian currency market and banks are shut on account of Shivaji Jayanti. Globally, US markets closed mixed after a three-day holiday weekend with the Nasdaq rising for an eight straight session. Asian markets have opened lower in early trade. ON BSE, Midcap is up by 0.54% and Small cap is trading higher by 0.70% as we write this. On sectoral front, consumer durable is the top gainer to add 0.98% while on the flipside, Metal is lower by 0.95% as we write this.
Further the market breath stands positive with 1174 shares seen advancing against 761 declining shares.

Closing Summary, Market Synopsis: 18th February, 2014

Key benchmark indices rose to a three-week high today, with banks extending gains on the government's budget commitment to maintaining fiscal deficit, while firm global prices lifted metal stocks. The BSE index closed 0.83 percent higher at 20,634.21, while the broader NSE index closed 0.89 percent higher at 6,127.10. Both were their highest close since Jan. 29.

Apart from banking & metal counters, Capital goods stocks rose for the second day in a row after the government announced reduction in excise duty on some capital goods to 10% from 12% in the Interim Budget for 2014-15 on Monday. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 33 to 15, 2 stocks remained unchanged.

Commodity Market Update (Silver)

Precious metals are consolidating in a narrow range with Gold actively traded contract is at 1319.30, +0.04% and Silver is trading at 21.58, +0.74%. Intraday outlook remains neutral and we can see minor correction after previous gains. Crude Oil prices on NYM are trading in green with gains of 0.32% or 32 cents at 100.62 level and Natural Gas prices are at 5.48, up by more than 5% as we write this. Short term outlook is bullish for Crude Oil and Natural Gas. Base metals on LME are trading mixed with Aluminum, Copper and Lead are trading lower while Nickel and Zinc are trading in green. Copper is down by 0.64% or 46.25 points at 7139.0 and is likely to extend its downward journey in coming hours.

Morning Summary, Market Synopsis: 18th February, 2014

The market gained strong momentum with the Nifty reclaiming the 6100 level supported largely by banking and financials. The Sensex rose 144.28 points to 20,608.34 and the Nifty climbed 45.90 points to 6,119.20. The broader markets gained too with the BSE Midcap and Smallcap indices rising 0.5 percent each at the time of writing this. On sectoral front, Bankex gained over 1.47% to be the top gainer while Consumer durable is the only exception to trade lower in red with a decline of 0.13%. The Indian rupee opened marginally lower by 11 paise at 61.95 per dollar versus 61.84 Monday. Globally, Asian markets opened mixed this morning. The Nikkei raced away to triple digit gains led by a weaker yen. European markets too closed mixed while the US markets were shut for trade.
Further the market breath stands positive with 1087 shares seen advancing against 596 declining shares.

Closing Summary, Market Synopsis: 17th February, 2014

Key benchmark indices edged higher on the first trading session of the week after the Finance Minister P Chidambaram said that the fiscal deficit will be contained at 4.6% of GDP for the year ending 31 March 2014 (2013-14) and will be pruned further to 4.1% of GDP in 2014-15 and that the current account deficit (CAD) will be contained at $45 billion in 2013-14. The BSE Sensex, was provisionally up 110.19 points or 0.54%, up close to 140 points from the day's low and off about 15 points from the day's high. CNX Nifty shut shop at 6073 up by 25 points (0.41%).

The market breadth, indicating the overall health of the market was negative but in Nifty50 stocks the advances to declines stands at 28 to 21, 1 unchanged. Bank Nifty (up by 1.20%) outperformed the broader market, whereas CNX Realty (down by 1.16%) was the most laggard among sectoral indices traded in NSE in today’s market.

Commodity Market Update (Gold)

Precious metals on CMX are trading higher since morning with Gold trading up by 0.46% or 6 points and Silver is trading higher by 1.12% at 1324.60 and 21.66 an ounce. The near term view stands positive and we can see prices moving higher. Intraday bias is bullish and we can see prices gaining further in the following sessions. Crude Oil and Natural Gas prices on NYM are at 100.84 and 5.44, adding 0.54% and 4.33% respectively. Near term outlook is positive for both Crude Oil and Natural Gas. Base metals on LME are trading in green with Aluminum gaining 0.26% and Copper is higher by 0.52% as we write this. Nickel is the top gainer to edge up a percent followed by all other metals. Intraday bias for Base metals is neutral and we can see prices trading in a range.
US Banks are closed today in observance of president's day

Morning Summary, Market Synopsis: 17th February, 2014

The market is marginally higher with the Nifty holding 6050 level ahead of Vote on Account today. The Sensex rose 60.96 points to 20,427.78, and the Nifty advanced 16.60 points to 6064.95. The Indian rupee opened on flat note at 61.96 per dollar versus 61.92 Friday. Globally, Asian markets rose on Monday while investors shrugged off weak economic data from Japan. On BSE, Midcap and is trading higher by 0.17% and Small cap is lower by 0.11% as we write this. On sectoral front, Consumer durable is the top gainer to edge higher by a percent while on downside, Metal is trading lower by 0.86%, as we write this.
Further the market breath stands positive with 998 shares are seen advancing against 892 declining shares.

Commodity Market Update (Copper)

Precious metals are trading higher with Gold trading 1308.70, +8.60 points or 0.66% and Silver is trading up by 48 cents at 20.87 an ounce. The near term outlook remains positive and we can see prices moving higher in coming sessions. Crude Oil and Natural Gas prices are trading mixed with Crude Oil trading lower by 0.42% or 42 cents and Natural Gas is trading at 5.33, higher by 2.0% as we write this. Base metals are trading higher with Copper remains the exception to trade in red at 7140.0, lower by 0.02% while all other metals are trading in green. Zinc is trading higher by 0.76% at 2042.0. Intraday bias remains neutral for base metals.

Morning Summary, Market Synopsis: 14th February, 2014

The market opened higher on Friday after a massive decline in last session. The Sensex is up 108.23 points at 20301.58, and the Nifty is up 22.65 points at 6023.75. The rupee climbed 17 paise in early trade on Friday. It opened at 62.25 per dollar as against previous day's closing of 62.42 a dollar. Globally, the US stocks closed higher on Thursday, with the Nasdaq rising for a sixth straight day, as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals. On BSE, Midcap and Small cap are trading higher with gains of 0.12% each. On sectoral front, Teck is the top gainer to edge up 0.91% while Capital Goods is the worst performer to ease 0.43% as we write this.
Further the market breath stands positive with 1024 shares are seen advancing against 657 declining shares.

Closing Summary, Market Synopsis: 13th February, 2014

Key benchmark indices today post its second-biggest drop this month as Cipla and Coal India slumped following disappointing earnings, while other blue chips tracked their lower global counterparts. The Sensex fell 1.3 percent to 20,193.35, posting its biggest one-day fall since February 3. CNXNifty shut shop down by 83 points (-1.36%).

The market breadth, indicating the overall health of the market, was weak. In Nifty50 stocks, the advances to declines stands at 5 advances to 45 declining stocks, indicating the depth of the market weakness. All sectors traded in NSE, barring CNX Realty closed in the red, with CNX PSU Bank the worst hit (down by 2.88%).

Morning Summary, Market Synopsis: 13th February, 2014

The Indian equity market opened higher today with the Nifty up by 3.5 points at 6087.55 with a high of 6094.4, but still below the crucial level of 6100.0 level. Sensex opened at 20476.0, up by 28 points. The rupee opened marginally higher by 10 paise at 62 per dollar versus 62.10 Wednesday. Globally, The US markets took a breather with Procter & Gamble's reduced earnings outlook weighing on the Dow and the S&P little changed after its largest four-day rise in more than a year. Asian shares follow mixed US lead; Japanese investors booked profits following a four-day winning streak. On BSE, Midcap and Small cap are trading lower with decline of -0.20% and -0.12% respectively. On sectoral front, Auto is the top gainer to gain 0.45% as we write this while on the other hand Oil and Gas is performing the worst to decline 0.78%.
Further the market breath stands negative with 618 shares were seen advancing against 854 declining shares.

Closing Summary, Market Synopsis: 12th February, 2014

Key benchmark indices edged higher as world stocks rose after better-than-estimated Chinese trade data eased concern that the global economy is slowing and a U.S. House deal extending the federal borrowing authority. The BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest closing level in more than 1-1/2 weeks. CNX Nifty shut shop up by 21 points (0.35%).
Shares in railway companies, including Kernex Microsystems (India) (KMIL.NS), Kalindee Rail Nirman Engineers (KALI.NS) and Titagarh Wagons (TITW.NS), fell after the interim railway budget unveiled on Wednesday lacked any major capital spending announcement. The market breadth, indicating the overall health of the market was negative. In Nifty50 stocks the advances to declines stands at 24 advances to 25 declines, 1 unchanged.

Commodity Market Update (Crude Oil)

Commodity Market UPdate (Crude Oil):
Gold prices on COMEX are retreating from its three months highest level and ended its last five days winning streak. COMX Gold futures, near month delivery fell 0.30% or 4 points to trade at 1286.00 while Silver is trading at 20.13, down 0.11% an ounce. Base metal prices on LME are trading higher since morning with Copper trading at 7134.50, up 0.40% while Nickel is leading the group, gain 1.52% or 215 points to trade at 14386.00, followed by rest of the meatls. WTI Crude Oil advances since morning on NYMEX and trading at 100.56, up 0.61 points or 0.62% per barrel while Natural Gas is trading at 4.886, surge by 1.29% or 6 cents after having tested a high of 5.028 per mmbtu.

Morning Summary, Market Synopsis: 12th February, 2014

The market has opened slightly higher. The Sensex is up 103.09 points at 20466.46, and the Nifty is up 22.65 points at 6085.35. The rupee opened higher by 15 paise at 62.07 per dollar as against Tuesday's closing value of 62.22 to dollar. The dollar held off a two-week low against a basket of major currencies early on Wednesday, having rebounded after Federal Reserve Chief Janet Yellen offered no surprises on policy in her inaugural congressional testimony. In the US, stocks surged, with the Dow Jones rising triple-digits and the Nasdaq turning positive for the year on comments from the fed new appointed chairperson. Asian stocks extend also gains on Yellen reassurance. On BSE, Midcap is 0.56% up by small cap is 0.32% higher as we write this. On sectoral front, with an exception of Metal all other sectors are trading in green. The metal sector is lower by 0.96% while on the upside, capital Goods is the top performer to gain 1.22% at the time of writing this.
Further the market breath stands positive with 1068 shares are seen advancing against 655 declining shares.

Closing Summary, Market Synopsis: 11th February, 2014

Key benchmark indices provisionally settled with small gains. The BSE Sensex, was provisionally up 26.41 points or 0.13%, CNXNifty shut shop at 6062.7, up by 9 points (0.15%). The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks the advances to declines stands at 25 advances to 24 declines, 1 unchanged.

Tata Motors rose after strong Q3 results. Dr Reddy's Laboratories fell on profit booking after reporting strong Q3 results. Reliance Industries declined after Delhi Chief Minister Arvind Kejriwal said he has asked for legal cases to be filed against Reliance Industries Chairman Mukesh Ambani and government policymakers over pricing of gas produced from the D6 block in the east coast.

Commodity Market Update (Silver)

Precious metals are trading higher today; extending its last session’s gains with Gold adding 0.73% and Silver up is up by 0.21% at 1284.0 and 20.16 an ounce respectively. The near term outlook seems positive for Gold and Silver and we expect prices to remain higher in the coming hours. Traders will be waiting for the FED testimony which is scheduled at 8.30 PM, today. Crude Oil and Natural Gas prices on NYM are trading in a range with nominal gains. Crude oil is trading higher by 0.28% at 100.34 and Natural Gas is at 4.63, up by 1.09%. With exception of Aluminum all other base metals are trading lower. Copper is lower by 0.21% or 15 points at 7087.0 and Zinc is trading down by 0.52% at 2002.25. Intraday bias is negative for Base metals.

Morning Summary, Market Synopsis: 11th February, 2014

Indian equity market has opened slightly higher with the Sensex is up 78.23 points at 20412.50, and the Nifty is up 19.00 points at 6072.45. The Indian rupee moved up marginally in the early trade, it opened higher by 6 paise at 62.37 per dollar against 62.43 Monday. Globally, investors are focused on Yellen's first testimony before Congress today. Markets are looking for clues as to whether monetary policy will remain supportive. Her testimony comes after a second month of soft jobs numbers. Yellen has been a supporter of the Fed's loose monetary policy and it is yet to be seen if she will be able to walk the fine line between reducing asset purchases and not spooking markets. Asian equity markets were mostly higher on Tuesday but volumes were light with Japanese markets closed and as investors awaited a speech from Federal Reserve Chair Janet Yellen. On BSE, Small cap and Midcap are trading higher by 0.50% and 0.35% respectively. On sectoral front, Capital goods is the top gainer to gain 0.92% while on the lopsided, Realty is the worst sector to decline 0.21% as we write this.
Further the market breath stands positive with 821 shares are seen advancing against 547 declining shares.

Closing Summary, Market Synopsis: 10th February, 2014

Key benchmark indices edged lower in what was a choppy trading session as the market sentiment was affected adversely by data showing that foreign funds remained net sellers of Indian stocks on Friday, 7 February 2014. The BSE Sensex, was provisionally down 56.62 points or 0.28%, CNXNifty shut shop down by 9.75 points (-0.16%).The telecom companies such as Idea Cellular slumped after prices in a mobile spectrum auction rose, raising worries about their profit margins. Idea Cellular (IDEA.NS) provisionally slumped 8.5 percent, provisionally marking its biggest single-day fall since October 2008, while Bharti Airtel (BRTI.NS) fell 2.4 percent.

The market breadth, indicating the overall health of the market, was positive. But in Nifty50 stocks the advances to declines stands at 23 to 27, indicating the inherent weakness of market heavyweights.

Commodity Market Update (Gold)

Precious metals on CMX are trading higher since morning as gold consumption and production in China expanded to records. Actively traded Gold contract is gaining to 1274.00, up almost a percent or 11.10 points while Silver is adding 1.12% or 22 cents to trade at 20.17 an ounce. With the exception of Aluminum, Base metals are extending their last session’s gains with Copper trading at 7140.00, up 7 points after having tested a high of 7168.00 while Nickel is up half a percent to trade at 14223.00 per metric ton. NYMEX Crude Oil plunged from its six weeks high of 100.46 and trading in red at 99.20, down 0.70% or 69 cents per barrel while Natural Gas tested a low of 4.626 before settling at 4.721, down 1.13% or 0.054 cents per mmbtu.

Morning Summary, Market Synopsis: 10th February, 2014

The market has opened in positive terrain. The Sensex is up 57.53 points at 20434.09, and the Nifty is up 9.60 points at 6072.80. The Indian rupee is trading at 62.205, stronger by 0.14% after having tested two weeks high of 62.07. On Global front, Asian stock markets were mostly higher since morning following last week's rally on Wall Street, as investors brushed off a worse-than-expected US jobs report. On BSE, Small Cap and Mid Cap are trading higher by more than half a percent each to trade at 6364.21 and 6363.23 respectively. On sectoral front, BSE realty is gaining most, up 2.38% followed by BSE Consumer Durable, up 1.23% while rest of the sectors are trading around last week's close.
Further the market breadth stands positive with 732 shares advancing against 448 declining shares.

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Closing Summary, Market Synopsis: 7th February, 2014

Key benchmark indices edged higher in a choppy trading session. The S&P BSE Sensex, was provisionally up 69.47 points or 0.34%, CNX Nifty shut shop up by 27 points at 6063. Gains in Asian and European stocks and rally in US stocks overnight aided the upmove on the domestic bourses on the last trading session of the week.

The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 34 to 16. Sectorwise CNX Metal outperformed (up by 2.61%) the broader market, while CNXIT (down by 0.49%) underperformed the most.

Commodity Market Update (Copper)

Precious Metals are trading mixed with Gold trading down by 0.23% at 1260.40 and Silver is at 19.81, down b 0.59% as we write this. The near term outlook stands negative for Gold and Silver and we expect prices to drift lower in the following hours. Crude Oil on NYM is also trading down today with the front month oil contract is at 96.94, down by 0.39% and Natural Gas is at 4.80, lower by 2.51% as we write this. Intraday view stands negative for both Crude Oil and Natural Gas. Base metals are trading in green as prices rebounded sharply from the low, as Chinese return with a bullish momentum after a long holiday. Copper prices are at 7143.5, higher by 0.53% and Nickel is trading up by 1.10% at 14119.0 at the time of writing this.

Morning Summary, Market Synopsis: 8th February, 2014

Indian equity market opened positive with logging gains of almost half a percent in the initial minutes, following strength in the global space. The Sensex edged up 100 odd points to open at 20441.0 and Nifty surged 35 points to 6077.5. Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day's closing of 62.37 per dollar. On international front, US stocks rallied significantly with the Dow Jones marking its best session this year. A drop in applications for jobless benefits ahead of January’s payrolls reports indicated an improving US economy, thereby giving the stocks a much needed impetus. Asian markets, barring China’s Shanghai took cue from US, and showed robust rallies. Japan's Nikkei rose on speculation of further monetary easing in June. On BSE, Midcap and small Cap are trading in green with gains of 0.55% and 0.71% respectively. On sectoral front, Realty is the top gainer to edge 1.38%, followed by health care which is up by 1.29% while on downside, FMCG is the only section to trade lower by 0.11% as we write this.
Further the market breath stands positive with 969 shares are seen advancing against 396 declining shares.

Commodity Market Update (Natural Gas)

Precious metals are trading nominally higher with Gold edging up by 0.12% at 1258.0 and Silver is up by a percent at 20.0 an ounce. The near term outlook remains neutral for Gold and Silver and we expect prices to trade in a range. Macroeconomic releases from US may set direction for prices in the evening sessions. Jobless Claims from DoL US is an important event to watch and is likely to fuel momentum in precious metals. Base metals on LME are trading in tight range with no major changes. Copper is at 7044.0, higher by 13 points and Nickel is trading up by 0.74% at 13920.0 as we write this. Crude oil and Natural Gas on NYM are also trading in green with Crude Oil up by 0.33% and Natural Gas is at 5.20, adding as much as 3.45% as we write this. Natural Gas storage data is due to be released at 9.00 PM today.

Morning Summary, Market Synopsis

Indian equity market opened nominally higher with Sensex opened up by 25 point at 20286.0 and Nifty gained 5 points to start the day at 6028.0. However the index failed to sustain gains and slipped sharply lower as we write this. The rupee started off trade on a positive note. It rose 17 paise to 62.40 per dollar as against Wednesday's closing of 62.57. Globally, US markets closed marginally lower on Wednesday moved by corporate earnings and better-than-expected report on the service sector that balanced few payrolls addition. The Dow Jones erased its early losses to close at 15440 while the S&P 500 finished almost unchanged. Asian markets too rebounded strongly in early trade on the back of positive US data. On BSE, Midcap and Smallcap are trading mixed with Midcap down by 0.13% and Smallcap up by 0.14% as we write this. On sectoral front, Healthcare and consumer durable are nomianlly higher by 0.07% and 0.03% respectively while on laggards, realty is the worst one to ease 1.44% as we write this.

Further the market breath stands neutral with one stock is seen advancing against each declining stock.