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Monday, 31 March 2014

Closing Summary, Market Synopsis: 31st March, 2014


Key benchmark edged higher on Monday, hitting a sixth consecutive record high and their best monthly gain since October as strong foreign buying has sparked a rally in blue chips, especially those dependant on the domestic economy. The benchmark BSE Sensex provisionally closed up 0.21 percent at 22,386.27 while the broader Nifty closed 0.12 percent higher at 6,704.20 points. The Nifty provisionally rose 6.8 percent in March, its best performance since a 9.8 percent gain in October.

Metal and Mining (CNX Metals, top gainer among sectoral indices, up by 3.75%) stocks extended recent gains triggered by growing expectations that China will take steps to stimulate its sagging economy. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 22 declines.
Photo: Closing Market Update:
Key benchmark dged higher on Monday, hitting a sixth consecutive record high and their best monthly gain since October as strong foreign buying has sparked a rally in blue chips, especially those dependant on the domestic economy. The benchmark BSE Sensex provisionally closed up 0.21 percent at 22,386.27 while the broader Nifty closed 0.12 percent higher at 6,704.20 points. The Nifty provisionally rose 6.8 percent in March, its best performance since a 9.8 percent gain in October.

Metal and Mining (CNX Metals, top gainer among sectoral indices, up by 3.75%) stocks extended recent gains triggered by growing expectations that China will take steps to stimulate its sagging economy. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 22 declines.

Commodity Market Update (Gold)


Precious metals on COMEX are trading silent since morning after the last week step decline. Actively traded Gold contract is trading at 1294.00, up 0.20 points or 0.02% after having tested a high of 1298.80 while Silver is trading at 19.935, up 0.73% or 0.145 points an ounce. Base metals are trading in green except Copper, is trading in red at 6645.25, down 14.75 points. LME Aluminum is top gaining counter among the group, rose 1.19% or 21 points to trade at 1779.00. WTI Crude Oil is trading silent at 101.59 with a meager decliner of 8 cents while Natural Gas is losing 0.67% or 4.455 after having tested a low of 4.442 per mmbtu.

Photo: Commodity Market Update (Gold):
Precious metals on COMEX are trading silent since morning after the last week step decline. Actively traded Gold contract is trading at 1294.00, up 0.20 points or 0.02% after having tested a high of 1298.80 while Silver is trading at 19.935, up 0.73% or 0.145 points an ounce. Base metals are trading in green except Copper, is trading in red at 6645.25, down 14.75 points. LME Aluminum is top gaining counter among the group, rose 1.19% or 21 points to trade at 1779.00. WTI Crude Oil is trading silent at 101.59 with a meager decliner of 8 cents while Natural Gas is losing 0.67% or 4.455 after having tested a low of 4.442 per mmbtu.

Morning Summary, Market Synopsis: 31st March, 2014


It is another day of breaking records as the market opens at life-high. The Sensex was up 83.17 points at 22423.14, and the Nifty up 27.25 points at 6723.15 at the time of writing this. Currency market is closed today. Globally, US stocks on Friday closed in the green after a 2-day slide but the markets trimmed most of their intra-day gains. Hopes of a stimulus from the central banks in Europe and China had triggered a rally on Wall Street. Consumer spending in US rose 0.3 percent in February after climbing by a revised 0.2 percent in January. Income too rose 0.3 percent last month after rising by the same margin in January and consumer sentiment hit 80 in March, just below an 80.5 estimate. On BSE, Midcap and Smallcap are trading higher by 0.78% and 0.95% respectively. On sectoral front, consumer durable is trading higher by 2.75% while IT is down by 0.86% as we write this.
Further the market breath stands positive with 1400 shares are seen advancing against 681 declining shares.
Photo: Morning Market Update:
It is another day of breaking records as the market opens at life-high. The Sensex was up 83.17 points at 22423.14, and the Nifty up 27.25 points at 6723.15 at the time of writing this. Currency market is closed today. Globally, US stocks on Friday closed in the green after a 2-day slide but the markets trimmed most of their intra-day gains. Hopes of a stimulus from the central banks in Europe and China had triggered a rally on Wall Street. Consumer spending in US rose 0.3 percent in February after climbing by a revised 0.2 percent in January. Income too rose 0.3 percent last month after rising by the same margin in January and consumer sentiment hit 80 in March, just below an 80.5 estimate. On BSE, Midcap and Smallcap are trading higher by 0.78% and 0.95% respectively. On sectoral front, consumer durable is trading higher by 2.75% while IT is down by 0.86% as we write this.
Further the market breath stands positive with 1400 shares are seen advancing against 681 declining shares.

Friday, 28 March 2014

Closing Summary, Market Synopsis: 28th March, 2014


Key benchmark indices hit a record high for a fifth straight session on Friday as state-run lenders such as State Bank of India (SBI) continued their recent rally after the Reserve Bank of India (RBI) extended the deadline for implementing Basel III capital-raising rules. Heavy buying by overseas investors also continued to help underpin gains, Overseas funds' net purchases of shares have reached nearly $3 billion so far this month, according to regulatory data. CNX Nifty shut shop at 6695.9 up by 54 points.

The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.
Photo: Closing Market Update:
Key benchmark indices hit a record high for a fifth straight session on Friday as state-run lenders such as State Bank of India (SBI) continued their recent rally after the Reserve Bank of India (RBI) extended the deadline for implementing Basel III capital-raising rules. Heavy buying by overseas investors also continued to help underpin gains, Overseas funds' net purchases of shares have reached nearly $3 billion so far this month, according to regulatory data. CNX Nifty shut shop at 6695.9 up by 54 points.

The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.

Commodity Market Update (Copper)


Precious metals are trading higher today on back of recovery from the last sessions decline. The most actively traded Gold future is trading at 1295.90, up by 0.09% and Silver is trading at 19.78, adding 0.39% as we write this. The near term outlook remains negative and we expect prices to drift lower in the following hours. Crude Oil on NYM is extending its last sessions decline and is trading at 101.63, +0.35% while Natural Gas is at 4.52, lower by 0.22% at the time of writing this. Base metals are in green and may trade with a positive bias in the coming hours. Copper and Nickel are trading higher by a percent each at 6634.0 and 155876.0 respectively.
Photo: Commodity Market Update (Copper):
Precious metals are trading higher today on back of recovery from the last sessions decline. The most actively traded Gold future is trading at 1295.90, up by 0.09% and Silver is trading at 19.78, adding 0.39% as we write this. The near term outlook remains negative and we expect prices to drift lower in the following hours. Crude Oil on NYM is extending its last sessions decline and is trading at 101.63, +0.35% while Natural Gas is at 4.52, lower by 0.22% at the time of writing this. Base metals are in green and may trade with a positive bias in the coming hours. Copper and Nickel are trading higher by a percent each at 6634.0 and 155876.0 respectively.

Morning Summary, Market Synopsis: 28th March, 2014


The market has once again opened at fresh high to kick start April Series. The Sensex is up 84.49 points at 22298.86, and the Nifty is up 39.65 points at 6681.40. The rupee opened higher by 14 paise at 60.17 per dollar on Friday as against previous day's closing value of 60.31 a dollar. Global markets, meanwhile, are in the red zone with US markets having closed marginally lower following mixed economic reports. Japan’s Nikkei slipped after the latest economic data dampened hopes of further monetary stimulus from the Bank of Japan. On BSE, Midcap is trading higher by 0.38% and Small cap is up by 0.42% as we write this. On sectoral front, Realty is the best performer while FMCG is the worst moving sector. Realty is up by 1.10% and FMCG is down by half a percent at the time of writing this.

Further the market breath stands positive with 1023 shares are seen advancing against 524 declining shares.
Photo: Morning Market Update:
The market has once again opened at fresh high to kick start April Series. The Sensex is up 84.49 points at 22298.86, and the Nifty is up 39.65 points at 6681.40. The rupee opened higher by 14 paise at 60.17 per dollar on Friday as against previous day's closing value of 60.31 a dollar. Global markets, meanwhile, are in the red zone with US markets having closed marginally lower following mixed economic reports. Japan’s Nikkei slipped after the latest economic data dampened hopes of further monetary stimulus from the Bank of Japan. On BSE, Midcap is trading higher by 0.38% and Small cap is up by 0.42% as we write this. On sectoral front, Realty is the best performer while FMCG is the worst moving sector. Realty is up by 1.10% and FMCG is down by half a percent at the time of writing this.

Further the market breath stands positive with 1023 shares are seen advancing against 524 declining shares.

Thursday, 27 March 2014

Closing Summary, Market Synopsis: 27th March, 2014


Key benchmark indices rose to record highs for a fourth straight session on Thursday, as state-run lenders including State Bank of India (SBI) extended recent gains on broker upgrades and on hopes of some easing at the central bank's policy review on Tuesday (1st April, 2014). Higher rollovers on an absolute basis coupled with high roll cost during the expiry of March derivative contracts also lent support and indicates market participants are bullish for the April series, CNX Nifty shut shop at 6641.75 (up by 40 points).

The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.
Photo: Closing Market Update:
Key benchmark indices rose to record highs for a fourth straight session on Thursday, as state-run lenders including State Bank of India (SBI) extended recent gains on broker upgrades and on hopes of some easing at the central bank's policy review on Tuesday (1st April, 2014). Higher rollovers on an absolute basis coupled with high roll cost during the expiry of March derivative contracts also lent support and indicates market participants are bullish for the April series, CNX Nifty shut shop at 6641.75 (up by 40 points).

The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.

Commodity Market Update (Natural Gas)


Precious metals on CMX are trading lower since morning with Gold trading at 1295.90, fell 7.40 or 0.57% after having tested six weeks low of 1292.00 while Silver tested two months low of 19.575 before settling at 19.685 an ounce. On LME, Base metals are trading mixed due to mixed bag of economic data from US and slower growth from China. 3-month Copper tested a high of 6560.00 before settling at 6533.75, up by 17.50 while Nickel is losing more than a percent or 191 points to trade at 15702.00. WTI Crude Oil is trading at 100.15, down 11 cents while Natural Gas is trading volatile before settling flat at 4.402 per mmbtu.
Photo: Commodity Market Update (Natural Gas):
Precious metals on CMX are trading lower since morning with Gold trading at 1295.90, fell 7.40 or 0.57% after having tested six weeks low of 1292.00 while Silver tested two months low of 19.575 before settling at 19.685 an ounce.  On LME, Base metals are trading mixed due to mixed bag of economic data from US and slower growth from China. 3-month Copper tested a high of 6560.00 before settling at 6533.75, up by 17.50 while Nickel is losing more than a percent or 191 points to trade at 15702.00. WTI Crude Oil is trading at 100.15, down 11 cents while Natural Gas is trading volatile before settling flat at 4.402 per mmbtu.

Morning Summary, Market Synopsis: 27th March, 2014


The market opened flat but the Nifty managed to hold the 6600 level on March F&O series expiry day. The Nifty is up 2.10 points at 6603.50. The Sensex is up 12.00 points at 22107.30. The Indian rupee opened marginally lower in early trade on Thursday. It slipped 11 paise to 60.24 per dollar versus previous day's closing value of 60.13 a dollar. Global cues, meanwhile, are mixed with the US markets having closed near session lows on heightened Ukraine worries. On BSE, Midcap and small cap are trading higher with gains of 0.75% and 1.185 respectively. On sectoral front, with an exception of IT all other sectors are trading higher today, with Power showing the maximum strength to gain 0.89% as we write this.

Further the market breath stands positive with 1370 shares are seen advancing against 704 declining shares.
Photo: Morning Market Update:
The market opened flat but the Nifty managed to hold the 6600 level on March F&O series expiry day. The Nifty is up 2.10 points at 6603.50. The Sensex is up 12.00 points at 22107.30. The Indian rupee opened marginally lower in early trade on Thursday. It slipped 11 paise to 60.24 per dollar versus previous day's closing value of 60.13 a dollar. Global cues, meanwhile, are mixed with the US markets having closed near session lows on heightened Ukraine worries. On BSE, Midcap and small cap are trading higher with gains of 0.75% and 1.185 respectively. On sectoral front, with an exception of IT all other sectors are trading higher today, with Power showing the maximum strength to gain 0.89% as we write this.

Further the market breath stands positive with 1370 shares are seen advancing against 704 declining shares.

Wednesday, 26 March 2014

Closing Summary, Market Synopsis: 26th March, 2014


Key benchmark indices closed at record high level today. CNX Nifty shut shop above 6600 at 6601.4 up by 11.65 points. The S&P BSE Sensex garnered 40.09 points or 0.18% to settle at 22,095.30, a record closing high. The index jumped 116.99 points at the day's high of 22,172.20 in afternoon trade, a record high for the barometer index. The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocksthe advances to declines stands at 28 advances to 22 declines.
Photo: Closing Market Update:
Key benchmark indices closed at record high level today. CNX Nifty shut shop above 6600 at 6601.4 up by 11.65 points. The S&P BSE Sensex garnered 40.09 points or 0.18% to settle at 22,095.30, a record closing high. The index jumped 116.99 points at the day's high of 22,172.20 in afternoon trade, a record high for the barometer index. The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocksthe advances to declines stands at 28 advances to 22 declines.

Commodity Market Update (Crude Oil)


Bullion prices are trading marginally higher with Gold adding 0.24% at 1314.00 and Silver is higher by 0.41% at 20.65 an ounce. The near term outlook seems bearish and we expect prices to drift lower in the coming hours. An important support for Gold is at 1310.0 level and break below this will lead prices to 1275.0 level. Base metals on LME are trading marginally higher with Copper remains the only metal to trade in red at 6563.0, down by 10 points while other metals are marginally positive as we write this. Energy prices on NYM are trading mixed with Crude Oil trading at 99.23, +0.04% and Natural Gas is at 4.39, lower by 0.41% at the time of writing this. Short term outlook remains bearish on Crude Oil and Natural Gas.
Photo: Commodity Market Update (Crude Oil):
Bullion prices are trading marginally higher with Gold adding 0.24% at 1314.00 and Silver is higher by 0.41% at 20.65 an ounce. The near term outlook seems bearish and we expect prices to drift lower in the coming hours. An important support for Gold is at 1310.0 level and break below this will lead prices to 1275.0 level. Base metals on LME are trading marginally higher with Copper remains the only metal to trade in red at 6563.0, down by 10 points while other metals are marginally positive as we write this. Energy prices on NYM are trading mixed with Crude Oil trading at 99.23, +0.04% and Natural Gas is at 4.39, lower by 0.41% at the time of writing this. Short term outlook remains bearish on Crude Oil and Natural Gas.

Morning Summary, Market Synopsis: 26th March, 2014


The market is scaling new highs a day before March F&O expiry. The Nifty opened above 6600 for the first time, up 25.90 points at 6615.65. The Sensex is up 87.87 points at 22143.08. Indian rupee opened at eight-month high on Wednesday, rising 18 paise to 60.30 per dollar as against previous day's closing value of 60.48. Globally, the Wall Street bounced back after two days of losses as investors embraced upbeat consumer confidence report. Asian equities trading positive in morning trade, thereby making a case for a decent rally today. On BSE, midcap and small cap are trading up by 0.66% each and on sectoral front, the best performer till now is metal, up by 1.65% and the worst performing sector is health care which is down by 0.38% as we write this.

Further the market breath stands positive with 1041 shares are seen advancing against 577 declining shares.
Photo: Morning Market Update:
The market is scaling new highs a day before March F&O expiry. The Nifty opened above 6600 for the first time, up 25.90 points at 6615.65. The Sensex is up 87.87 points at 22143.08. Indian rupee opened at eight-month high on Wednesday, rising 18 paise to 60.30 per dollar as against previous day's closing value of 60.48. Globally, the Wall Street bounced back after two days of losses as investors embraced upbeat consumer confidence report. Asian equities trading positive in morning trade, thereby making a case for a decent rally today. On BSE, midcap and small cap are trading up by 0.66% each and on sectoral front, the best performer till now is metal, up by 1.65% and the worst performing sector is health care which is down by 0.38% as we write this.

Further the market breath stands positive with 1041 shares are seen advancing against 577 declining shares.

Tuesday, 25 March 2014

Closing Summary, Market Synopsis: 25th March, 2014


Key benchmark indices ended almost flat (Nifty shut shop at 6589.75 up by 6 points) on Tuesday after hitting their second consecutive record highs in as many sessions as blue chips such as BHEL, Heromotors extended recent gains bolstered by buying from foreign institutional investors. However, sharp falls in Reliance Industries (over 3%) following an unexpected request by the Election Commission late on Monday for the government to defer a rise in gas prices, prevented any meaningful upside.

The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.
Photo: Closing Market Update:
Key benchmark indices ended almost flat (Nifty shut shop at 6589.75 up by 6 points) on Tuesday after hitting their second consecutive record highs in as many sessions as blue chips such as BHEL, Heromotors extended recent gains bolstered by buying from foreign institutional investors. However, sharp falls in Reliance Industries (over 3%) following an unexpected request by the Election Commission late on Monday for the government to defer a rise in gas prices, prevented any meaningful upside.

The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.

Commodity Market Update (Silver)


Precious metals on CMX are trading higher after the last couple of sessions’ steep decline. Actively traded Gold contract is trading at 1315.20, up 4 points or 0.31% after having tested a high of 1318.00 and Silver tested a high of 20.215 before settling at 20.16, up half a percent or 9 cents an ounce. Base metals prices on LME are trading higher since morning on the back of increase demand from China. 3-month Copper is leading the metals group, up 1.12% or 72.50 points to trade at 6542.00, followed by rest of the metals which are up more or less a percent each. WTI Crude Oil is trading at 99.83, up 0.23 points while Natural Gas trading up 0.77% or 0.033 points to trade at 4.309 per mmbtu.
Photo: Commodity Market Update (Silver):
Precious metals on CMX are trading higher after the last couple of sessions’ steep decline. Actively traded Gold contract is trading at 1315.20, up 4 points or 0.31% after having tested a high of 1318.00 and Silver tested a high of 20.215 before settling at 20.16, up half a percent or 9 cents an ounce. Base metals prices on LME are trading higher since morning on the back of increase demand from China. 3-month Copper is leading the metals group, up 1.12% or 72.50 points to trade at 6542.00, followed by rest of the metals which are up more or less a percent each. WTI Crude Oil is trading at 99.83, up 0.23 points while Natural Gas trading up 0.77% or 0.033 points to trade at 4.309 per mmbtu.

Morning Summary, Market Synopsis: 25th March, 2014


After record closing high yesterday, the market seems to take a breather on Tuesday. The Sensex is down 132.39 points at 21923.09, and the Nifty is down 33.40 points at 6550.10. The Indian rupee gained in the early trade. It has opened higher by 18 paise at 60.59 per dollar against 60.77 Monday. Meanwhile, the global cues are negative as the US markets fell for a second session, with the Nasdaq down over a percent Asia, meanwhile, is trading negative in morning trade. On BSE, Midcap and Smallcap are trading up by 0.49% and 0.41% respectively. On sectoral front, Power is the best performer to gain 0.91% while Oil and Gas is the worst performing sector to ease 1.88% as we write this.
Further the market breath stands positive with 1052 shares are seen advancing against 893 declining shares.
Photo: Morning Market Update:
After record closing high yesterday, the market seems to take a breather on Tuesday. The Sensex is down 132.39 points at 21923.09, and the Nifty is down 33.40 points at 6550.10. The Indian rupee gained in the early trade. It has opened higher by 18 paise at 60.59 per dollar against 60.77 Monday. Meanwhile, the global cues are negative as the US markets fell for a second session, with the Nasdaq down over a percent Asia, meanwhile, is trading negative in morning trade. On BSE, Midcap and Smallcap are trading up by 0.49% and 0.41% respectively. On sectoral front, Power is the best performer to gain 0.91% while Oil and Gas is the worst performing sector to ease 1.88% as we write this.
Further the market breath stands positive with 1052 shares are seen advancing against 893 declining shares.

Monday, 24 March 2014

Closing Summary, Market Synopsis: 24th March, 2014


The Indian equity market closed higher today with both Nifty and Sensex recording the highest closing ever. Nifty ended up by 1.36% or 88.60 points at 6583.50 and Sensex was at 22055.48, adding 300 odd points or 1.38% for the day. On BSE, Midcap and Small cap were also positive at the time of market closing with midcap advancing about 0.13% and Small cap was up by 0.15%. On sectoral front, Bankex was the best gainer to gain as much as 2.73%, followed by Oil & Gas which was higher by 2.46% while on the downside, Health care was the worst performer to ease 0.61%, today.

Further the market breath turned negative with 1275 shares were seen advancing against 1527 declining shares.
Photo: Closing Market Update:
The Indian equity market closed higher today with both Nifty and Sensex recording the highest closing ever. Nifty ended up by 1.36% or 88.60 points at 6583.50 and Sensex was at 22055.48, adding 300 odd points or 1.38% for the day. On BSE, Midcap and Small cap were also positive at the time of market closing with midcap advancing about 0.13% and Small cap was up by 0.15%. On sectoral front, Bankex was the best gainer to gain as much as 2.73%, followed by Oil & Gas which was higher by 2.46% while on the downside, Health care was the worst performer to ease 0.61%, today.

Further the market breath turned negative with 1275 shares were seen advancing against 1527 declining shares.

Commodity Market Update (Gold)

Precious metals are trading lower with Gold actively traded contract is at 1326.0, lower by 10 points or 0.75% and Silver is at 20.20, lower by more than half a percent as we write this. The near term outlook remains negative and we can see prices drifting lower in the following days. Base metals were trading lower since morning due to weaker than expected manufacturing data from the world largest industrial metal users but later on recovered some of losses and trading mixed as we write this. 3-month Copper tested a low of 6419.75 before settling at 6469.25, down 11 points while Nickel is up 81 points or 0.50% to trade at 16150.00. WTI Crude Oil is trading silent at 99.58, up 0.12 points while Natural Gas is up 0.56% to trade at 4.337 after having tested a high of 4.35 per mmBtu.
Photo: Commodity Market Update (Gold):
Precious metals are trading lower with Gold actively traded contract is at 1326.0, lower by 10 points or 0.75% and Silver is at 20.20, lower by more than half a percent as we write this. The near term outlook remains negative and we can see prices drifting lower in the following days. Base metals were trading lower since morning due to weaker than expected manufacturing data from the world largest industrial metal users but later on recovered some of losses and trading mixed as we write this. 3-month Copper tested a low of 6419.75 before settling at 6469.25, down 11 points while Nickel is up 81 points or 0.50% to trade at 16150.00. WTI Crude Oil is trading silent at 99.58, up 0.12 points while Natural Gas is up 0.56% to trade at 4.337 after having tested a high of 4.35 per mmBtu.

Morning Summary, Market Synopsis: 24th March, 2014


The market has opened fairly higher on March F&O expiry week. The Sensex is up 96.48 points at 21851.80, and the Nifty is up 21.75 points at 6514.95. The Indian rupee opened higher at 60.84 per dollar, up 5 paise from Friday's closing value of 60.89 a dollar. Global cues, meanwhile, were mixed with the US markets ending in red and the S&P 500 erasing gains after rising to an intraday high. Asia is positive in morning trade with Japan’s Nikkei gaining over a percent. On BSE, Midcap and small cap are trading up by 0.39% and 0.42% respectively. On sectoral front, the top gainer is bankex, adding 2.2% while on downside the worst performing sector is consumer durable to decline 0.15% as we write this.
Photo: Morning Market Update:
The market has opened fairly higher on March F&O expiry week. The Sensex is up 96.48 points at 21851.80, and the Nifty is up 21.75 points at 6514.95. The Indian rupee opened higher at 60.84 per dollar, up 5 paise from Friday's closing value of 60.89 a dollar. Global cues, meanwhile, were mixed with the US markets ending in red and the S&P 500 erasing gains after rising to an intraday high. Asia is positive in morning trade with Japan’s Nikkei gaining over a percent. On BSE, Midcap and small cap are trading up by 0.39% and 0.42% respectively. On sectoral front, the top gainer is bankex, adding 2.2% while on downside the worst performing sector is consumer durable to decline 0.15% as we write this.

Friday, 21 March 2014

Commodity Market Update (Copper)

Gold and Silver are advances since morning after the last three sessions steep sell-off, supported by Federal Reserve’s stimulus cut. Actively traded Gold contract is gaining almost half a percent or 6.40 points to trade at 1336.90 after having tested a high of 1341.10 while Silver tested a high of 20.56 before settling almost flat at 20.46 with a meager gain of 0.15% an ounce. With the exception of Aluminum, Base metals are trading higher since morning with Copper trading at 6457.50, up 5 points while Nickel is up 127 points or 0.80% to trade at 15990.00 and leading the industrial metals group. WTI Crude Oil was trading lower in the early morning session but later on recovered its losses and trading in green at 99.06, up 16 cents while Natural Gas is trading in red at 4.353, down 0.37% after having tested a low of 4.303 per mmbtu.

Morning Summary, Market Synopsis: 21st March, 2014

The market has opened on a positive note. The Sensex is up 104.82 points at 21844.91, and the Nifty is up 31.05 points at 6514.15. Indian rupee is trading at 61.07, stronger by 0.42% or 26 paise against the dollar. On Global front, Asian equities were mostly higher since morning, following the previous day's sharp sell-off after the better than expected US data which restored confidence in the economic recovery. On BSE, Mid Cap is gaining around a percent since morning and Small Cap is up 0.69% to trade at 6773.09. On Sectoral front, BSE Realty is leading the sector and up 1.72%, followed by rest of the sectors except while BSE Oil and Gas and BSE FMCG are the only sectors which are trading in red.
Photo: Morning Market Update:
The market has opened on a positive note. The Sensex is up 104.82 points at 21844.91, and the Nifty is up 31.05 points at 6514.15. Indian rupee is trading at 61.07, stronger by 0.42% or 26 paise against the dollar.  On Global front, Asian equities were mostly higher since morning, following the previous day's sharp sell-off after the better than expected US data which restored confidence in the economic recovery. On BSE, Mid Cap is gaining around a percent since morning and Small Cap is up 0.69% to trade at 6773.09. On Sectoral front, BSE Realty is leading the sector and up 1.72%, followed by rest of the sectors except while BSE Oil and Gas and BSE FMCG are the only sectors which are trading in red.

Thursday, 20 March 2014

Closing Summary, Market Synopsis: 20th March, 2014


Key benchmark indices edged lower in choppy trade on concern foreign capital inflow will slow after the US Federal Reserve further reduced monetary stimulus for the US economy and signaled US interest rates will be raised. CNX Nifty shut shop at 6508, down by 15.7 points (-0.24%). The market breadth, indicating the overall health of the market, was negative, in Nifty50 stocks the advances to declines stands at 12 advances to 38 declines. Barring CNXIT, Pharma & Media (almost flat) all sectors traded on NSE ended on a negative note, with CNX Realty, the worst hit (down by 2.63%).
Photo: Closing Market Update:
Key benchmark indices edged lower in choppy trade on concern foreign capital inflow will slow after the US Federal Reserve further reduced monetary stimulus for the US economy and signaled US interest rates will be raised. CNX Nifty shut shop at 6508, down by 15.7 points (-0.24%). The market breadth, indicating the overall health of the market, was negative, in Nifty50 stocks the advances to declines stands at 12 advances to 38 declines. Barring CNXIT, Pharma & Media (almost flat) all sectors traded on NSE ended on a negative note, with CNX Realty, the worst hit (down by 2.63%).

Commodity Market Update (Natural Gas)


Precious metals on CMX are losing since morning and continue their declines for the last three days. Bullion prices are down as Federal Reserve cut stimulus by $10 billion and indicates that they will raise interest rate next year. Actively traded Gold contract is trading near three weeks low of 1327.90, down a percent or 13.40 points while Silver is trading down at 20.325, plunged around 2.5% an ounce. Base metals prices on LME are tumbling since morning due to stronger dollar against the other currencies. 3-month Copper is losing most of the ground, down around 2% or 128.00 points to trade at 6452.25, followed by rest of the metals which are down more or less 1.5% each. WTI Crude Oil is trading at 100.15, down 0.22 points while Natural Gas eased 1.50% or 6.7 cents to trade at 4.417 per mmbtu.



Morning Summary, Market Synopsis: 20th March, 2014


The market opened lower as Federal Reserve chair Janet Yellen suggested interest rate hikes in about six months after quantitative easing ends. The Sensex is down 78.59 points at 21754.27 and the Nifty is down 22.55 points at 6501.50. Indian rupee opened lower at 61.38 per dollar, down 43 paise compared to previous day's closing value of 60.95 a dollar after indication from Fed chair Janet Yellen of likely hike in interest rates in the US. Globally, Asian stocks follow Wall Street lower after Yellen signals rate rise. South Korean shares extended declines on a 1.5 percent decline in index heavyweight Hyundai motor. On BSE, Midcap and small cap are seen advancing by 0.06% and 0.26% respectively. On sectoral front, IT is the top gainer to add 0.79% while on downside; the worst performing sector is Capital Goods, which is down by 1.08% as we write this.
Further the market breath stands positive with 919 shares are seen advancing against 825 declining shares.
Photo: Morning Market Update:
The market opened lower as Federal Reserve chair Janet Yellen suggested interest rate hikes in about six months after quantitative easing ends. The Sensex is down 78.59 points at 21754.27 and the Nifty is down 22.55 points at 6501.50. Indian rupee opened lower at 61.38 per dollar, down 43 paise compared to previous day's closing value of 60.95 a dollar after indication from Fed chair Janet Yellen of likely hike in interest rates in the US. Globally, Asian stocks follow Wall Street lower after Yellen signals rate rise. South Korean shares extended declines on a 1.5 percent decline in index heavyweight Hyundai motor. On BSE, Midcap and small cap are seen advancing by 0.06% and 0.26% respectively. On sectoral front, IT is the top gainer to add 0.79% while on downside; the worst performing sector is Capital Goods, which is down by 1.08% as we write this.
Further the market breath stands positive with 919 shares are seen advancing against 825 declining shares.

Wednesday, 19 March 2014

Closing Summary, Market Synopsis: 19th March, 2014

Key benchmark indices ended almost flat, off the record highs hit a day earlier, as IT outsourcing companies fell on concerns about their revenues, while investors also booked profits in recent outperformers such as ONGC. Shares of Tata Consultancy Services (TCS.NS) fell as much as 5.1 percent after analysts cited the company as saying revenue growth from software services could be weakening from the previous quarter. CNX Nifty shut shop at 6524 up by 7.4 points.
Global risk factors also weighed on shares ahead of the U.S. Federal Reserve's policy review later in the day and as investors still monitor developments over Crimea and Ukraine. The market breadth, indicating the overall health of the market, was positive,  in Nifty50 stocks the advances to declines stands at 33 advances to 17 declines.

Commodity Market Update (Crude Oil)

Precious metals are trading with a negative bias with gold trading around 1348.20 and Silver is at 20.71, lower by 0.79% and 0.68% respectively. The near term outlook remains bearish and we can see prices drifting lower in coming hours. Base metals are also trading in red with Copper logging the maximum decline of 0.74% at 6438.0, followed by all other metals and Nickel is at 16211.0, down by 0.28% as we write this. The overall outlook is still bearish and we expect prices to trade with a negative bias for the day. Crude oil prices on NYM are at 99.665, lower by just 5 cents whereas Natural Gas is trading at 4.47, up by 0.30% as we write this. The intraday bias stands negative for Crude Oil and Natural Gas.

Morning Summary, Market Synopsis: 19th March, 2014


The market has opened slightly higher today. Sensex is up 49.51 points at 21882.12, and the Nifty up 15.10 points at 6531.75. The Indian rupee opened higher by 13 paise at 61.06 per dollar against 61.19 Tuesday. The dollar stood near its lowest level in more than four months against a basket of currencies, ahead of Janet Yellen's inaugural policy review as the Federal Reserve's Chief. Globally, Wall Street rallied, post positive US economy and after Vladimir Putin said Russia was not looking to divide Ukraine. Vladimir Putin signed a treaty to make Crimea a part of Russia saying Crimea has always been an inseparable part of Russia. However, the Russian president calmed markets by saying there was no need to divide Ukraine further. On BSE, Midcap and small cap are trading higher by 0.29% and 0.35% respectively. On sectoral front, Metal is the top performer to gain 2.19% while on the down side, worst performing sector is IT, -2.12% as we write this.
Further the market breath stands positive with 1118 shares are seen advancing against 822 declining shares.
Photo: Morning Market Update:
The market has opened slightly higher today. Sensex is up 49.51 points at 21882.12, and the Nifty up 15.10 points at 6531.75. The Indian rupee opened higher by 13 paise at 61.06 per dollar against 61.19 Tuesday. The dollar stood near its lowest level in more than four months against a basket of currencies, ahead of Janet Yellen's inaugural policy review as the Federal Reserve's Chief. Globally, Wall Street rallied, post positive US economy and after Vladimir Putin said Russia was not looking to divide Ukraine. Vladimir Putin signed a treaty to make Crimea a part of Russia saying Crimea has always been an inseparable part of Russia. However, the Russian president calmed markets by saying there was no need to divide Ukraine further. On BSE, Midcap and small cap are trading higher by 0.29% and 0.35% respectively. On sectoral front, Metal is the top performer to gain 2.19% while on the down side, worst performing sector is IT, -2.12% as we write this.
Further the market breath stands positive with 1118 shares are seen advancing against 822 declining shares.

Tuesday, 18 March 2014

Closing Summary, Market Synopsis: 18th March, 2014

Key benchmark indices eked out small gains in volatile trade. The BSE Sensex and Nifty rallied to record highs on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, Still, a bout of profit-taking erased most of the gains from earlier in the session. CNX Nifty shut shop at 6516.65 up by 12.45 points. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 29 advances to 20 declines, 1 unchanged.
Photo: Closing Market Update:
Key benchmark indices eked out small gains in volatile trade. The BSE Sensex and Nifty rallied to record highs on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, Still, a bout of profit-taking erased most of the gains from earlier in the session. CNX Nifty shut shop at 6516.65 up by 12.45 points. The market breadth, indicating the overall health of the market, was positive,  in Nifty50 stocks the advances to declines stands at 29 advances to 20 declines, 1 unchanged.

Morning Summary, Market Synopsis: 18th March, 2014


The market has kick-started with a roar on Tuesday after a long weekend. The Sensex is up 126.08 points to trade at 21935.88 and the Nifty is up 35.70 points to trade at 6539.90. The Indian rupee is trading at 60.94, stronger by 0.41% or 25 paise against the dollar. On Global front, Asian equity markets rose and stabilized after recent volatility as the implementation of sanctions on Russia lifted global risk appetite. Asian market also got a boost by a better manufacturing figure from US which jumped the most in six months in February. On BSE, Small Cap and Mid Cap indexes are gaining around a percent each to trade at 6680.71 and 6723.37 respectively. On sectoral front, BSE Power and BSE Oil and Gas are top performing sectors among the group, adding almost 2% each, followed by rest while BSE IT is the only sector which is trading in red and down is 0.23%.
Further the market breadth stands positive with 893 shares advancing against the 333 declining shares.
Photo: The market has kick-started with a roar on Tuesday after a long weekend. The Sensex is up 126.08 points to trade at 21935.88 and the Nifty is up 35.70 points to trade at 6539.90. The Indian rupee is trading at 60.94, stronger by 0.41% or 25 paise against the dollar. On Global front, Asian equity markets rose and stabilized after recent volatility as the implementation of sanctions on Russia lifted global risk appetite. Asian market also got a boost by a better manufacturing figure from US which jumped the most in six months in February. On BSE, Small Cap and Mid Cap indexes are gaining around a percent each to trade at 6680.71 and 6723.37 respectively. On sectoral front, BSE Power and BSE Oil and Gas are top performing sectors among the group, adding almost 2% each, followed by rest while BSE IT is the only sector which is trading in red and down is 0.23%.
Further the market breadth stands positive with 893 shares advancing against the 333 declining shares.

Commodity Market Update (Silver)


Precious metals on COMEX extending their decline as US economic data beat estimates, backing the case for reduced stimulus before the Federal Reserve begins a two-day meeting today. Actively traded Gold contract is losing 0.71% or 9.80 points to trade at 1363.30 while Silver tested a low of 20.965 before settling at 21.07, down a percent or 21 cents an ounce. Base metals prices were trading higher since morning but later on erased some of counters gain and trading mixed as we write this. LME Copper tested a high of 6570.00 before settling in red at 6475.75, down 3 points while Nickel rose a percent or 152 points to trade at 16101.00 per metric ton. WTI Crude Oil is trading higher at 98.31, up 0.24% or 24 cents while Natural Gas is losing 0.60% or 2.7 cents to trade at 4.509 after having tested a low of 4.481 per mmbtu.

Monday, 17 March 2014

BMA wish you happy Holi

BMA Wealth Creators wishes you a very Happy and safe Holi.

Friday, 14 March 2014

Commodity Market Update (Copper)


Precious metals on CMX are trading silent since morning with Gold trading at 1371.30, down 1.10 points or 0.08% while Silver is trading in green at 21.28, up 0.40% or 8.2 cents an ounce. With the exception of Zinc, Base metals are trading higher due to short coverings after the last few sessions steep decline due to weaker economic growth from world top consumer of this complex. 3-month Copper is leading the group, up more than a percent or 65 points to trade at 6465.00 while Nickel is trading at one year high of 15930.00, higher by 167 points or a percent, followed by rest of the metals. WTI Crude Oil is trading silent at 98.28 with a meager gain of 8 cents while Natural Gas tested a low of 4.341 before settling at 4.353, down 0.03 points or 0.70% per mmbtu.
Photo: Commodity Market Update (Copper):
Precious metals on CMX are trading silent since morning with Gold trading at 1371.30, down 1.10 points or 0.08% while Silver is trading in green at 21.28, up 0.40% or 8.2 cents an ounce. With the exception of Zinc, Base metals are trading higher due to short coverings after the last few sessions steep decline due to weaker economic growth from world top consumer of this complex. 3-month Copper is leading the group, up more than a percent or 65 points to trade at 6465.00 while Nickel is trading at one year high of 15930.00, higher by 167 points or a percent, followed by rest of the metals. WTI Crude Oil is trading silent at 98.28 with a meager gain of 8 cents while Natural Gas tested a low of 4.341 before settling at 4.353, down 0.03 points  or 0.70% per mmbtu.

Morning Summary, Market Synopsis: 14th March, 2014


The market has opened on a weak note with the Nifty struggling below the 6500-level. The Nifty is down 45.85 points at 6447.25. The Sensex is down 160.50 points at 21614.11. The Indian rupee opened lower by 24 paise at 61.41 per dollar on Friday as against previous day's closing value of 61.17 a dollar. Globally, US markets ended weak with about 1.5 percent in cut with the Dow dropping over 200 points, as worries mounted about China's economy and escalating tensions in Ukraine. The New York Times broke a story that Russian forces were conducting new military operations near the Ukrainian border. On BSE, Midcap and Small cap are trading lower with a decline of 0.65% and 0.75% respectively. On sectoral front, with an exception of healthcare all other sectors are trading in red. Bankex is the worst performer to ease 1.68% as we write this.
Further the market breath stands negative with 698 shares are seen advancing against 1337 declining shares.
Photo: Morning Market Update:
The market has opened on a weak note with the Nifty struggling below the 6500-level. The Nifty is down 45.85 points at 6447.25. The Sensex is down 160.50 points at 21614.11. The Indian rupee opened lower by 24 paise at 61.41 per dollar on Friday as against previous day's closing value of 61.17 a dollar. Globally, US markets ended weak with about 1.5 percent in cut with the Dow dropping over 200 points, as worries mounted about China's economy and escalating tensions in Ukraine. The New York Times broke a story that Russian forces were conducting new military operations near the Ukrainian border. On BSE, Midcap and Small cap are trading lower with a decline of 0.65% and 0.75% respectively. On sectoral front, with an exception of healthcare all other sectors are trading in red. Bankex is the worst performer to ease 1.68% as we write this.
Further the market breath stands negative with 698 shares are seen advancing against 1337 declining shares.

Closing Summary, Market Synopsis: 15th March, 2014

A strong intraday rebound in late trade took the key benchmark indices to positive zone from negative zone. The market sentiment was boosted by the latest data showing that inflation based on the wholesale price index (WPI) eased to a nine-month low last month. The S&P BSE Sensex garner 35.19 points or 0.16% to settle at 21,809.80, CNX Nifty shut shop at 6504 up by 11 points.
Foreign investors have been driving the rally in Indian shares, despite concerns in global markets over the outlook for China's economy and continued military tensions in Ukraine. The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.

Thursday, 13 March 2014

Closing Summary, Market Synopsis, : 13th March, 2014

A bout of volatility was witnessed as key benchmark indices trimmed gains after hitting fresh intraday high in mid-morning trade to close in the red. As per provisional figures, the BSE Sensex was down 88.33 points or 0.4% to 21,767.89. The index lost 136.09 points at the day's low of 21,720.13 at the onset of the trading session, its lowest level since 7 March 2014. CNX Nifty shut shop at 6493 down by 34 points. Technology giant Infosys slumped after its chairman said revenue could grow at the lower end of guidance for this fiscal year, while Sun Pharmaceutical Industries slumped after a U.S. ban on some of the drug maker's imports.

The market breadth, indicating the overall health of the market, turned negative from positive in late trade, in Nifty50 stocks the advances to declines tied at 25 each.
Photo: Closing Market Update:
A bout of volatility was witnessed as key benchmark indices trimmed gains after hitting fresh intraday high in mid-morning trade to close in the red. As per provisional figures, the BSE Sensex was down 88.33 points or 0.4% to 21,767.89. The index lost 136.09 points at the day's low of 21,720.13 at the onset of the trading session, its lowest level since 7 March 2014. CNX Nifty shut shop at 6493 down by 34 points. Technology giant Infosys slumped after its chairman said revenue could grow at the lower end of guidance for this fiscal year, while Sun Pharmaceutical Industries slumped after a U.S. ban on some of the drug maker's imports.

The market breadth, indicating the overall health of the market, turned negative from positive in late trade, in Nifty50 stocks the advances to declines tied at 25 each.

Commodity Market Update (Silver)

Precious metals are trading positive with the most actively traded Gold trading up by 0.17% at 1372.0 and Silver is at 21.43 an ounce, adding 0.34% or just 7 cents. The intraday outlook remains positive and we can see prices moving higher in near term. Intraday resistance for Gold is around 1380.0 while that for Silver is at 22.00 level. Base metals are trading down today, 3M Copper on LME is at 6437.0 which is lower by almost a percent, followed by all other metals. Nickel is the only metal to trade in green with nominal gains of 0.19% at 15704.0 as we write this. Intraday bias is negative on base metals. Crude Oil and Natural Gas futures are at 97.91 and 4.45 levels, Crude Oil is lower by 0.08% and Natural Gas is down by 0.69% at the time of writing this. Short term bias is negative on Crude Oil and Natural Gas.
Data to watch: US Core retail sale, retail sales, Unemployment Claims
Photo: Commodity Market Update (Silver):
Precious metals are trading positive with the most actively traded Gold trading up by 0.17% at 1372.0 and Silver is at 21.43 an ounce, adding 0.34% or just 7 cents. The intraday outlook remains positive and we can see prices moving higher in near term. Intraday resistance for Gold is around 1380.0 while that for Silver is at 22.00 level. Base metals are trading down today, 3M Copper on LME is at 6437.0 which is lower by almost a percent, followed by all other metals. Nickel is the only metal to trade in green with nominal gains of 0.19% at 15704.0 as we write this. Intraday bias is negative on base metals. Crude Oil and Natural Gas futures are at 97.91 and 4.45 levels, Crude Oil is lower by 0.08% and Natural Gas is down by 0.69% at the time of writing this. Short term bias is negative on Crude Oil and Natural Gas.
Data to watch: US Core retail sale, retail sales, Unemployment Claims
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