Closing Summary, Market Synopsis: 30th April, 2014

Key benchmark indices fell on Wednesday to a 2-1/2 week low, retreating for a fourth session from a record high on Friday, as blue-chips geared to the domestic economy such as Larsen & Toubro Ltd (L&T) and ICICI Bank slumped in a bout of profit-taking. A third consecutive session of sales by foreign investors in index futures on Tuesday also dampened the mood. CNX Nifty shut shop at 6696.4 down by 18.85 points.

Metal stocks declined on reports the Chinese Academy of Social Sciences (CASS), one of Beijing's top government think tanks, has revised its 2014 GDP growth forecast down to 7.4%, below the official 7.5% target, and said that growth could slow to as low as 7%. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 19 advances to 29 declines, 2 unchanged.

Commodity Market Update (Crude Oil)

Precious metals on CMX are trading lower since morning on speculation that Federal Reserve will further reduce US monetary stimulus. Actively traded Gold contract is losing around half a percent or 7 points to trade at 1292.00 after having tested a low of 1289.40 while Silver futures tested a low of 19.30 before settling at 19.36, down 1.16% or 23 cents an ounce. Base metals are trading mixed with Copper trading at 6729.00, down 1.25 points and Aluminum is losing 0.67% or 12.25 points to trade at 1805.00 whereas Nickel and Zinc is trading in green. WTI Crude Oil is trading lower on the expectation that Oil stockpiles may gain by 1.3 Mbd. Light Sweet Crude Oil futures declined a percent or 98 cents to trade at 100.31 per barrel while Natural gas is trading silent at 4.819 with negative bias, down 0.25% or a cent per mmbtu.

Morning Summary, Market Synopsis: 30th April, 2014

The market has opened in green terrain. The Sensex is up 33.74 points at 22499.93, and the Nifty is up 9.70 points at 6724.95. The Indian rupee opened higher by 10 paise at 60.61 per dollar as against previous day's closing value of 60.71 a dollar. Meanwhile, the euro nursed broad losses early on Wednesday, having been put under pressure by soft German inflation numbers renewed pressure on the euro helped the dollar index snap a five-session losing run. Global markets, meanwhile, are mixed. The US markets ended higher with the Dow approaching a record high and European shares rallied supported by a surge in tech stocks. Asia is cautious in trade ahead of the FOMC and Bank of Japan's monetary decision. Brent Crude lost about 0.5 percent this morning and Nymex fell towards USD 100 early morning as expectations of record high stockpiles weighed on futures. On BSE, Midcap and Small cap are trading slightly higher with gains of 0.73% and 0.69% respectively. On sectoral front, all sectors are trading in green today with Oil and Gas are the top performer to gain 1.71%.

Further the market breath stands positive with 1287 shares are seen advancing against 649 declining shares.

Closing Summary, Market Synopsis: 29th April, 2014

Key benchmark indices fell for a third straight session and closed at their lowest level in 1-1/2 weeks on Tuesday as lenders including HDFC Bank declined on worries over offloading of index futures by foreign investors. Foreign institutional investors sold index futures worth 11.70 billion rupees ($193.21 million) over the previous two sessions, turning sellers for the first time since April 16. Caution also prevailed ahead of the U.S. Federal Reserve's two-day meet starting Tuesday, coming at a time of continued tensions between Russia and the West over Ukraine.

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 14 advances to 35 declines, 1 unchanged.

Commodity Market Update (Silver)

Precious metals are trading lower today with Gold trading at 1290.50, down by 9 points or 0.65% and Silver is at 19.38, down by more than a percent as we write this. The near term outlook seem negative for Gold and Silver and we can see prices drifting lower in coming sessions. Base metals on LME are trading slightly positive with Copper is trading at 6760.0, adding 0.22% or 15 points and Nickel is at 18304.0, up by a percent at the time of writing this. On energy section, Crude Oil is at 101.32, up by half a percent and Natural Gas is at 4.77, down by 0.56%. We maintain a neutral outlook on energy complex.

Morning Summary, Market Synopsis: 29th April, 2014

The market has once again opened on a flat note. The Sensex is up 14.22 points at 22645.83, and the Nifty is up 7.75 points at 6769.00. The rupee opened with marginal gains of 5 paise at 60.59 per dollar on Tuesday as against previous day's closing value of 60.64 a dollar. Meanwhile, global markets are mixed as the Nasdaq rebounded from an over a percent drop. European shares closed marginally higher boosted by merger and acquisition activity and Asia is subdued in morning trade. On BSE, Midcap and Small cap are trading lower today with Midcap down by 0.15% and Small cap is lower by 0.01% as we write this. On sectoral front IT and Tech are the only sectors to trade in green while all other sectors are under selling pressure with Metals leading the laggards - a decline of 1.77% at the time of writing this.

Further the market breath stands negative with 874 shares seen advancing against 959 declining shares.

Closing Summary, Market Synopsis: 28th April, 2014

Key benchmark indices fell for a second consecutive session on Monday, retreating from record highs hit on Friday, weighed down by profit-taking in blue chips such as Larsen & Toubro and choppy global markets. The Nifty lost 0.32 percent, or 21.50 points, at 6,761.25, marking its lowest close since April 16 and retreating from a record high of 6,869.85 hit on Friday.

The market breadth, indicating the overall health of the market, turned positive from negative in late trade, but in Nifty50 stocks the advances to declines stands at 18 advances to 31 declines, 1 unchanged.

Commodity Market Update (Gold)

Gold prices on CMX are trading at 1302.70; higher by 1.90 points at 0.15% and Silver is at 1967, down by 0.23% as we write this. Intraday view stands neutral and we can see prices consolidating in a range.Crude Oil prices are trading in green with a gain of 0.73% and are at 101.34 and Natural Gas is at 4.685, adding 0.57% as we write this. Base metals trading flat today, Copper on CMX is at 3.096, +0.09% at the time of writing this. Short term view remains bullish on base metals mainly Copper and we can see prices gaining strength in coming session.

Morning Summary, Market Synopsis: 28th April, 2014

e negative as the Wall Street ended the week in the red as investors’ tracked escalating tension in Ukraine. Nasdaq was down 2 percent with the S&P and Dow Jones, down around a percent each. European markets too ended lower with German index down 1.5 percent and Asia too slipped with Nikkei down a percent. On BSE, Midcap and Small cap are trading slightly higher with adding 0.23% and 0.33% respectively. On sectoral front, Healthcare is the top performer to gain more than a percent while on down side, Auto is the worst performer to slip down by 0.54% as we write this.
Further the market breath stands positive with 1130 shares are seen advancing against 774 declining shares.

Closing Summary, Market Synopsis: 25th April, 2014

Key benchmark indices edged higher, with the market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks on Tuesday, 22 April 2014. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. The Sensex provisionally closed 0.52 percent higher at 22,876.54, CNX Nifty shut shop at 6841, 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 22 declines, 1 unchanged.

Morning Summary, Market Synopsis: 25th April, 2014

The market has once again opened on a flat note but March quarter earnings of key companies will hold key today. The Sensex is up 16.83 points at 22893.37 and the Nifty up 15.00 points at 6855.80. The Indian rupee is trading at 61.13, weaker by 0.07% against the dollar for the straight fourth day. On Global front, mounting anxiety over the situation in Ukraine coupled with a lack of clear cues from Wall Street overnight weighed on most Asian shares early Friday. Tokyo was the sole outperformer, buoyed by positive inflation data released before the open. On BSE, Small Cap and Mid Cap are trading almost flat with a meager gain of 0.19% and 0.25% respectively. On sectoral front, BSE Oil & Gas and BSE FMCG are losing most of the ground, down more than a percent while rest of the sectors are trading mixed since morning except BSE Realty which up 2.22%.
Further the market breadth stands neutral with 708 shares advancing against the 643 declining shares.

Closing Summary, Market Synopsis: 23rd April, 2014

Key benchmark indices edged higher, with the market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks on Tuesday, 22 April 2014. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. The Sensex provisionally closed 0.52 percent higher at 22,876.54, CNX Nifty shut shop at 6841, 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 22 declines, 1 unchanged.

Commodity Market Update (Crude Oil)

Precious metals are trading in green with Gold trading at 1283.70, +2.5 points and Silver is at 19.42, higher by 69 cents or 0.36% as we write this. The intraday view is bullish and we can see prices consolidating in a range. Crude Oil and Natural Gas is trading at 101.26 and 4.73 respectively. Crude oil is lower by 0.45% and Natural Gas is down by 0.17% at the time of writing this. Base metals are trading mixed on LME with Aluminum trading down by 0.40% and Copper trading lower by 0.24%. Nickel is trading higher by 0.49% at 18430.0.

Morning Summary, Market Synopsis: 23rd April, 2014

The market opened on a flat note. The Sensex is up 21.76 points at 22780.13, and the Nifty is up 7.90 points at 6823.25 on April F&O series expiry day. The Indian rupee opened lower by 11 paise at 60.87 per dollar versus 60.76 Tuesday. Additionally, global cues are positive as the US markets closed higher with the S&P 500 extending its longest winning run of the year. Asia is positive in morning trade. On BSE, Midcap and Small cap are trading higher with gains of 0.37% and 0.49% respectively. On sectoral front, Capital Goods is the top gainer, adding a percent and Realty is trading lower by 0.87% as we write this.
Further the market breath stands positive with 1239 shares are seen advancing against 764 declining shares.

Closing Summary, Market Synopsis: 22nd April, 2014

Key benchmark indices ended almost flat on Tuesday after hitting record highs for a second consecutive session as the momentum waned ahead of the expiry of monthly derivative contracts and on expectations that current levels sufficiently price in fundamentals. CNX Nifty shut shop at 6815 down by 2 points. The Sensex closed 0.03 percent lower at 22,758.37 after gaining as much as 0.39 percent to an all-time high of 22,853.03.

Shares of HDFC Bank edged higher after good Q4 March 2014 results. MRF dropped in choppy trade after weak Q2 March 2014 results. Shares of other tyre makes also edged lower after MRF's weak Q2 results. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 19 advances to 30 declines, 1 unchanged.

Commodity Market Update (Silver)

Bullion prices are trading slightly higher today with Gold trading at 1298.80, higher by 0.14% or 2 points and Silver is trading up by more than half a percent at 19.46 an ounce. The near term outlook remains neutral for Gold and Silver and we can see prices consolidating in a range in near term. Base metals traders returned bullish after a few days of holiday with Nickel on MCX is trading up by 2.2% or 23 points and Aluminum and Zinc are trading up by 1.20% as we write this. Crude Oil and Natural Gas prices on NYM are at 103.98 and 4.69 with Crude Oil down by 0.39% and Natural gas is lower by just 5 cents. The short term view stands positive for Crude Oil and Natural gas and we can see prices gaining strength in coming days.

Morning Summary, Market Synopsis: 22nd April, 2014

Equity benchmarks opened higher on Tuesday with the Nifty hitting record high of 6827.20 supported by HDFC group, Pharma, Technology , Oil & Gas and Capital Goods stocks. The Sensex rose 35.45 points to 22800.28 and the Nifty advanced 8.05 points to 6825.70. Indian rupee is trading at 60.705, weaker by 0.18% or 0.11 points against the dollar. On Global front, Asian equities were mostly higher on Tuesday following a rally on Wall Street overnight but the mood was cautious as the threat of further US sanctions on Russia weighed on risk sentiment. On BSE, Small Cap and Mid Cap are gaining 0.76% and 0.37% respectively. On Sectoral front, BSE Oil & Gas is leading the sectors, with a surge of more than 2% while BSE Metal is losing 1.04% to trade at 10385.61.
Further the market breadth stands positive with 796 shares advancing against the 559 declining shares.

Commodity Market Update: 21 st April, 2014

Precious metals are trading lower today with Gold trading at 1287.80, lower by 0.47% or 6.20 points and Silver is at 19.35 with a decline of 1.20% as we write this. The near term outlook seems negative for precious metals and we expect prices to trade with a negative bias in coming days. On energy section, Crude Oil is at 104.11, lower by 0.18% and Natural gas is at 4.75, nominally higher by 0.25% as we write this. Base metals on MCX are trading at in red with Nickel remains the only exception to trade in green today. Nickel is at 1085.50, +0.20% and Copper is at 406.60, lower by 0.20%. Intraday bias is neutral for base metals.

Closing Summary, Market Synopsis: 21st April, 2014

Immense volatility (India’s VIX, volatility index jumped 11.45% to close at 34.38) was witnessed as key benchmark indices hit record high today as Banking shares led the gains, with the sector's sub-index up 1.34 percent on hopes banks will show sturdier earnings when they start reporting their financial results later this week. Concerns about potential mark-to-market losses in their bond portfolios were also calmed after the central bank fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer on Thursday without any devolvement. Sentiment also got a boost after the Supreme Court allowed resumption of mining in Goa, sending shares in miners such as Sesa Sterlite (SESA.NS) surging.

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.

Morning Summary, Market Synopsis : 21st April, 2014

After a long weekend, equity benchmarks started off Monday's trade higher with the Nifty reclaiming 6800 level supported by banks and oil & gas stocks. The Sensex rose 66.03 points to trade at 22694.87 and the Nifty advanced by 14.45 points to trade at 6793.85. The Indian rupee is trading at 60.33, weaker by 0.07% against the dollar. On Global front, Asian shares started the week mixed on Monday with the absence of a lead from Wall Street last week due to the Easter holidays. On BSE, Small Cap is gaining almost a percent to trade at 7594.33 and Mid Cap is up 0.81% to trade at 7398.69. On Sectoral front, BSE Capital Goods, BSE Metal and BSE Auto are leading the sectors which are up around a percent each, followed by rest of the sectors except BSE IT and BSE Tech which are trading in red as we write this.
Further the market breadth stands positive with 931 shares advancing against the 364 declining shares.

BMA Gyaan- What are Penny Stocks?

A stock that trades at a relatively low price and market capitalization, usually outside of the major market exchanges. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure. They will often trade over the counter through the Over-The-Counter Bulletin Board (OTCBB) and pink sheets.

Closing Summary, Market Synopsis: 17th April, 2014

Key benchmark indices surged after government bond prices surged after the Reserve Bank of India (RBI) today, 17 April 2014, fully sold the Rs 20000-crore worth of debt on offer, accomplishing the country's biggest-ever auction. The Bank Nifty surged 1.8 percent, led by gains of 3.3 percent in ICICI Bank shares and 2.3 percent in Axis Bank Ltd. The Sensex and the Nifty closed up around 1.6 percent each, recovering from a 2-1/2 week low in the previous session.

Except CNX Media, all sectors traded in NSE closed in the green. The market breadth, indicating the overall health of the market, was positive, in Nifty50 stocks the advances to declines stands at 47 advances to 3 declines.

Commodity Market Update (Natural Gas) :

Precious metals on CMX are losing since morning with Gold trading at 1297.50, down almost half a percent or 6 points and Silver tested a low of 19.49 before settling at 19.52, decline 0.58% or 11.40 cents an ounce. Base metals on LME are trading higher and continued their last session’s gain on the back of better than expected economic releases from US and China. 3-month Copper is trading at 6636.75, up 4.50 points while Nickel added 148 points or 0.83% to trade at 18034.00. WTI Crude Oil was trading higher but later on erased all of gain and trading in red at 103.72, as we write this. NYMEX Natural Gas is up 0.55% or 2.5 cents to trade at 4.555 per mmbtu.

Morning Summary, Market Synopsis: 17th April, 2014

The market saw a slight up move in opening as Nifty was below 6700. The Nifty is up 20.15 points at 6695.45 and the Sensex is up 50.53 points at 22327.76 at the time of writing this. The Indian rupee was gaining in the early trade but later on eased its gains and traded almost flat at 60.37 at the time of writing this. On Global front, Asian stocks rose for a second session on Thursday on renewed optimism over the US economic recovery and investors cheered supportive comments from Federal Reserve Chair person Janet Yellen. On BSE, Small Cap is up more than a percent to trade at 7503.12 and Mid Cap is trading at 7297.89, higher by 0.90% or 65.13 points. On Sectoral front, BSE Auto is top performing sector among the all sectors, gaining 1.72%, followed by rest of the sectors which are up more or less a percent each.
Further the market breadth stands positive with 955 shares advancing against the 340 declining shares.

Closing Summary, Market Synopsis: 16th April, 2014

Key benchmark indices on Wednesday fell to their lowest close in 2-1/2 weeks as forecast of below-normal rains triggered worries that food price inflation will edge up. Increase in global crude oil prices also hit sentiment on the domestic bourses adversely. Overseas investors sold Indian cash shares worth 216.3 million rupees ($3.59 million) and equity derivatives worth 12.18 billion rupees on Tuesday - their second straight session of outflows. Higher-than-expected retail inflation, which quickened to 8.31 percent in March, driven by high food prices, was also a drag on sentiment.

CNX Nifty shut shop down by 58 points at 6675. With the exception of marginal gains in CNX FMCG & CNX Metals, all sectors traded on NSE closed in the red. The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 15 advances to 34 declines.

Commodity Market Update (Crude Oil):

Gold and Silver prices were trading lower in the early morning session but later on recovered all of losses and trading in flat with positive bias. Gold trading at 1301.00, up 0.70 points after having tested a low of 1293.50 and Silver is up 0.16% or 3 cents to trade at 19.52 an ounce. Base metals were trading lower on LME but later on eased all losses and trading in green except Nickel which is trading at 17607.00, down 0.70% or 125 points. Copper tested a low of 6546.00 before settling at 6581.25, up 21.25 points or 0.34% per metric ton, followed by rest of the metals. WTI Crude oil is gaining 0.87% or 90 cents to trade at 104.63 while Natural Gas is losing 0.63% or 3 cents to trade at 4.539 per mmbtu.

Morning Summary, Market Synopsis: 16th April, 2014

The market has opened on a flat note after seeing some severe cut on Tuesday. The Sensex is up 1.80 points at 22486.73, and the Nifty is down 5.90 points at 6727.20. The Indian Rupee is trading at 60.26, stronger by 0.05% after the last couple of sessions range bound trading. On Global front, Asian equity markets kicked off Wednesday mostly higher as Chinese economic data came slightly better than the expectation. On BSE, Mid Cap is trading slightly higher since morning and Small Cap is up almost half a percent. On sectoral front, BSE IT is losing most of the ground, down 1.76%, followed by BSE Teck, Health Care, Capital Goods and Realty while rest of the sectors are trading in green as we write this.
Further the market breadth stands positive with 713 shares advancing against the 545 declining shares.

Closing Summary, Market Synopsis: 15th April, 2014

Key benchmark indices fell for a second consecutive session today, with Nifty marking its biggest fall since March 3, as interest-rate sensitive shares such as HDFC fell after wholesale inflation accelerated more than expected. The wholesale price index (WPI) in March rose a much faster-than-expected 5.70 percent from a year earlier, marking a three-month high and coming well above the 5.30 percent increase forecast by economists.

CNX Nifty shut shop at 6733, down by 43 points (-0.64%). The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 12 advances to 38 declines.

Commodity Market Update (Silver)

Precious metals on CMX are trading lower since morning on speculation that signs of an improving US economy will curb demand for these safe heavens.  Actively traded Gold tumbled over 1.20% or 16.20 points to trade at 1311.30 after having tested a low of 1307.50 while Silver futures tested a low of 19.695 before settling at 19.775, down 1.17% or 23.50 cents an ounce. With the exception of Zinc, Base metals are losing since morning with Copper trading at 6636.50, down 21 points or 0.32% after having tested a low of 6614.50 while Nickel is losing most of the ground, plunged 1.76% or 320 points to trade at 17474.00 after having tested a low of 17130.00, followed by rest of the metals. WTI Crude Oil is trading at 103.16, down 0.86% or 89 cents after having tested a low of 102.91 and Natural Gas fell more than a percent or 5 cents to trade at 4.51 per mmbtu.

BMA Money

Closing Summary, Market Synopsis: 11th April, 2014

Key benchmark indices closed higher week-on-week basis, inspite of closing in the red today. The Sensex garner weekly gains of 269.46 points or 1.21% to settle at 22,628.96. The 50-unit CNX Nifty garners 81.95 points or 1.22% to settle at 6,776.30. Both Sensex & Nifty fell today and closed in the red ahead of quarterly earnings and inflation data due next week.

Data today showed the trade deficit widening to $10.51 billion in March from $8.13 billion in February on lower exports. Industrial production unexpectedly shrank 1.9 percent year-on-year in February, against an expectation of 0.9% growth. The growth in January's output was revised up to about 0.8 percent on year from 0.1 percent earlier. The market breadth, indicating the overall health of the market, was positive, but in Nifty50 stocks the advances to declines stands at 19 advances to 31 declines.

Commodity Market Update (Copper)

Precious metals are trading nominally lower with Gold trading at 1317.40, lower by 0.23% and Silver is trading at 19.99 an ounce, down by half a percent as we write this. The near term outlook seems neutral for Precious metals and we can see prices trading in a range for the day. Base metals on LME are trading strong today with extending its gain and is trading at 17395.0, +1.63% and Copper is at 6698.0, +0.72%, at the time of writing this. Intraday bias is bullish and we expect prices to continue its momentum in coming hours. Energy prices on NYM are trading mixed with Crude prices are at 103.14, -0.25% while Natural gas is at 4.65, adding just 0.09% at the time of writing this.

Closing Summary, Market Synopsis: 10th April, 2014

Key benchmark indices retreated from record highs hit earlier in the session to end flat as profit-taking hit blue chips such as Infosys Ltd(INFY.NS) on caution ahead of the release of IIP data tomorrow, quarterly earnings and inflation data next week. CNX Nifty shut shop almost flat at 6796.4.

The Adani group companies surged on what traders attribute partially to the view that the group would perform well should the Bharatiya Janata Party led by Narendra Modi win elections, given perceptions of close links. The market breadth, indicating the overall health of the market, was positive, but in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.

Commodity Market Update (Natural Gas)

Gold and Silver advances since morning on the speculation that US rate of interest may stay low. Actively traded Gold contract is gaining 1.30% or 17 points to trade at 1322.90 an ounce while Silver futures rallied to two and half weeks high of 20.32 before settling at 20.29, surge by 2.63% or 52 cents. Base metals are trading higher since morning with Copper trading at 6627.25, up 1.25 points while Nickel is top gaining counter among the group, jumped around 2% or 324 points to trade at 17059.00, followed by rest of the metals. WTI Crude Oil is trading in red at 103.52, down 0.08% after having a volatile trading session while Natural Gas is losing 0.61% or 2.8 cents to trade at 4.558 per mmbtu.

Morning Summary, Market Synopsis: 10th April, 2014

The market continues to hold its yesterday’s gains. The Nifty opened at 6803, up 6.85 points and Sensex is up 50.97 points at 22753.31. The Indian rupee opened marginally higher by 9 paise at 60.04 per dollar versus 60.13 Wednesday. The dollar drifted at three-week lows against a basket of major currencies, having fallen for a fourth session after minutes from the Federal Reserve's March meeting disappointed dollar bulls. The Fed minutes show that the members of the FOMC agreed unanimously in March to a 6.5 percent unemployment target for raising interest rates was outdated and should be removed. Overall, the minutes portray a committee set on keeping interest rates low for the foreseeable future, despite some market rumblings after the meeting. US and Asian market are traded positive on back of Fed minutes. On BSE, Midcap is trading higher by 0.38% and Small cap is up by 0.50% as we write this. On sectoral front, FMCG is the worst performer to decline 0.20% while the Power is the best performing sector to gain 0.94%.
Further the market breath stands positive with 1080 shares are seen advancing against 755 declining shares.