Tuesday, 25 February 2014

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.
Photo: Morning Market Update:
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.

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