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.