Friday, 28 February 2014

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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