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Closing Summary, Market Synopsis: 30th May, 2014

The Indian equity markets closed lower today. The Nifty closed down by just 6 points at 7229.95 and the Sensex closed lower by 17 points at 24217.34. At the same time, global shares are trading quiet after hitting record highs as investors are positioned cautiously on the last trading day of the month, with the market's focus on next week's European Central Bank policy meeting. On BSE, midcap and smallcap closed up by 0.39% and 0.34% respectively. On sectoral front, Consumer durable closed in red with a decline of 1.78% while on gaining side, Health care cushioned the market with a gain of more than 2% at the time of market close.

Further the market breath stands positive with 1587 shares seen advancing against 1397 declining shares

Commodity Market Update (Copper)

Precious metals are trading lower with Gold trading at 1252.60, down by 0.29% and Silver is at 19.97 an ounce lower by 0.21% as we write this. The near term outlook remains negative for Gold and Silver and we can see prices drifting further down in coming session. Any case of recovery in prices can also be used as a selling opportunity in Gold and Silver. Crude Oil and Natural Gas prices on NYM are at 103.13 and 4.57 respectively. Crude is trading down by 0.43% while NG is u by 0.29%. Base metals on LME are trading mixed with Copper and Nickel trading in green while other three metals are in red. Copper is at 6898.0, +0.32% and Nickel is at 19000.0, +0.58% at the time of writing this. The intraday bias is neutral for base metals.

Morning Summary, Market Synopsis: 30th May, 2014

The Indian equity markets open the session in green with Equity benchmarks rebounded with marginal gains after more than 1 percent fall in previous session. The Sensex rose 50.61 points to 24284.76 and the Nifty advanced 15.60 points to 7251.25. Indian rupee has opened flat at 59.01 per dollar on Friday as against previous day's closing value of 59.03 a dollar. On international front, Asian markets were mixed following fresh record close for the S&P 500 and Japan's economic data. US markets ended higher with the S&P 500 rising to an all-time high while European markets closed flat. On BSE, Midcap is up by 0.80% and Smallcap is higher by a percent as we write this. The sectoral view remain mixed with Realty being the top gaining sector – adding 2.72% while on the other hand, Bankex is the worst performer to ease 0.69% at the time of writing this.
Further the market breath stands positive with 1282 shares are seen advancing against 718 declining shares.

Closing Summary, Market Synopsis: 29th May, 2014

The Nifty posted its biggest daily decline in nearly four months and its third fall over the past four sessions on Thursday to close at 7235 (down by 94 points) as Infosys slumped after its president resigned, while profit-taking continued to hit shares after record highs earlier this month. Hero MotoCorp declined after announcing weak Q4 results. Hindalco Industries edged higher in choppy trade after the company announced its Q4 results. Coal India edged lower in choppy trade after the company announced weak Q4 result.

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 14 advances to 36 declines.

Commodity Market Update (Natural Gas)

Precocious metals on COMEX are trading lower since morning and extending their last two sessions steep decline due to improved economic outlook for the world largest economy US amid a easing of Ukraine tension. Actively traded Gold contract tested a 16 month low of 1250.90 before settling at 1253.00, down 6.30 points or half a percent and Silver futures fell around a percent or 16.4 cents to trade at 18.895 an ounce. Base metals are plunging since morning with Copper trading at 6891.75, eased 0.70% or 48.25 points after having tested a low of 6872.00 while Nickel is losing most of the ground, tumble more than 2% or 403 pints to trade at 18842.00, followed by rest of the metals. WTI Crude Oil is trading silent at 102.83 after the last session sharp decline while Natural Gas is trading at 4.61 per mmbtu.

Morning Summary, Market Synopsis: 29th May, 2014

The NSE Nifty opened lower on Thursday (expiry day) but it still held the 7300-mark. The index declined 19.75 points to 7309.90 and the Sensex slipped 85.05 points to 24471.04. Indian rupee has opened flat at 58.92 a dollar on Thursday as against previous day's closing value of 58.93 a dollar. Globally, Asian markets are mixed on concerns over global bond yields and US growth data. Japanese shares fell on profit taking following five straight sessions of gains and weak economic data. US stocks fell on Wednesday, ending a four-session rally that lifted the S&P 500 to a record high, with investors skittish as benchmark treasury yields fell to lows. On BSE Midcap and Smallcap are trading higher with Midcap gaining 0.44% and Small cap adding 0.37% as we write this. On sectoral front, Consumer durable is the top gaining counter to gain 0.50% while n down side, IT is the worst performer to ease 2.47% at the time of writing this.

Further the market breath stands negative with 1058 shares are seen adavcing against 770 declining shares.

Closing Summary, Market Synopsis: 28th May, 2014

Key benchmark indices eked out small gains after moving in a narrow range during the trading session. As per provisional figures, BSE Sensex was up 16.28 points or 0.07% to 24,565.79, CNX Nifty shut shop at 7329.65 up by 11.65 points. The BSE Mid-Cap index was up 33.89 points or 0.4% at 8,463.09. The BSE Small-Cap index was up 145.17 points or 1.63% at 9,028.82. Both these indices outperformed the Sensex. Shares of private sector banks edged higher. PSU bank stocks declined. IT stocks rose on good US economic data.

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(Crude Oil)

Precious metals are trading slightly higher today, Gold is at 1265.70 and Silver is at 19.11 an ounce. Gold prices are up by 0.03% and Silver is higher by 0.30% as we write this. Intraday outlook is neutral and we can see prices consolidating in a tight range in coming hour. Crude Oil and Natural Gas prices are also in green today, Crude Oil actively traded contract is at 104.35, +0.23% and Natural Gas is trading up by 0.33%. Intraday bias is positive for both the energy commodities. Base metals on LME are trading higher with Nickel remains the only exception to trade in red as we write this. LME Copper is at 6962.0, up by 0.34% and Nickel is at 19614.0, lower by 0.30%.

Morning Summary, Market Synopsis: 28 May, 2014

Indian equity markets opened flat today. The Sensex is up 42.10 points at 24591.61, and the Nifty is up 6.95 points at 7324.95. The rupee has opened flat at 59.02 a dollar as against previous day's closing value of 59.04 a dollar. Among the global markets, the US markets ended broadly higher with the S&P 500 setting a new record. European shares closed slightly higher on Tuesday, as the UK’s FTSE index rose after being closed for a public holiday and other bourses took a breather from their rally on Monday. On BSE Midcap and Smallcap are trading up by 0.22% and 0.75% respectively. On sectoral front, Capital goods is trading in green as the top gainer while on the other hand, Oil and Gas is lower by 0.91% as we write this.
Further the market breath stands positive with 1383 share are seen advancing against 858 declining shares.

Closing Summary, Market Synopsis: 27th May, 2014

The Nifty fell for a second consecutive session on Tuesday as investors continued to book profits in recent outperformers such as SBI, Tatamotors while they wait for actual policies from Prime Minister Narendra Modi and his new cabinet. The benchmark BSE Sensex provisionally closed 0.68 percent lower at 24,549.51 points, while the broader Nifty provisionally ended 0.56 percent down at 7,318 points.

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

Commodity Market Update (Silver)

Precious metals on CMX are trading lower since morning due to Ukraine tension weighed. Actively traded Gold contract is trading at 1284.00, down 7.70 points or 0.60% after having tested a low of 1281.80 while Silver tested two weeks low of 19.245 before settling at 19.285, down 0.71% or 14 cents an ounce. Base metals are rallying on the London Metal Exchange on the expectation of increased demand from China. 3-month Zinc is leading the group, up 10 points or half a percent to trade at 2091.00 and Copper tested a 11 weeks high of 6966.00 before settling at 6935.50, up 22 points or 0.32%, followed by rest of the metals. WTI Crude Oil is retreating from its five week high and trading in red at 104.08, down  0.26% or 27 cents while Natural Gas is trading at 4.392 with a meager decline of a cent per mmbtu. 

Morning Summary, Market Synopsis: 27th May, 2014

Morning Market Update:
The market has opened on a tepid note with both the Sensex and Nifty slipping into red. The Sensex is down 82.27 points at 24634.61 and the Nifty is down 27.60 points at 7331.45. The rupee fell further in early trade. It opened at 58.80 a dollar, down 9 paise compared to previous day's closing value of 58.71 a dollar. Global cues, meanwhile, are positive with the European shares closing higher as investors reacted to the results of European parliament elections and presidential elections in Ukraine. Japanese shares too rose to a fresh seven-week high, posting a fifth session of gains. Midcap and smallcap are trading down by 1.45% and 1.445 respectively on sectoral front, It is the gaining sector to add 1.32% while on downside, realty is the worst performer to ease 3.07% as we write this.

Further the market breath stands negative with 737 shares are seen advancing against 1490 declining shares.

Closing Summary, Market Synopsis: 26th May, 2014

Indian equity markets opened on a positive note which took Nifty higher to breach the 7500.00 level before a late session selloff sent the gauge to test the low of 7269.05, led by profit booking sentiments of traders.This was following the steep gains in past couple of sessions. Nifty closed at 7359.05, lower by 8 points while Sensex managed to end in green with a very nominal gain of 23 points at 24716.88, after testing an intraday high of 25175.22 on Monday. Midcap and Smallcap were down by 2.11% and 2.44% respectively. On sectoral front, Realty was the worst performer to ease more than 5% while on flipside, Auto sector logged the maximum gain of 1.47% at the time of market closing.
Further the market breath stands negative with 1362 shares were seen advancing against 1660 declining shares.

Commodity Market Update (Gold)

Precious metals are trading in green with Gold on MCX is at 27353.0, adding 4 points or 0.01% and Silver is at 40924.0, adding 132 points or 0.32% at the time of writing this. The near term outlook seems range bound and we can see prices trading in tight range. US banks are closed in observance of Memorial day and less volatility is expected for the day. Base metals are also trading in green with Copper gaining the most by 415.60, +1.16%, followed by all other metals. On energy section, prices are trading higher with Crude Oil at 6137.00, up by 17 points and Natural Gas is at 258.60, +1.60 or 0.585 at the time of writing this.

Morning Summary, Market Synopsis: 26th May, 2014

Morning Market Update:
The market sees a spectacular opening as investors are building high hopes with Narendra Modi taking oath as new Prime Minister of India. The Nifty tested 7400, at up 61.65 points at 7428.75 and the Sensex is up 259.73 points at 24953.08. Indian rupee has opened higher at 58.44 a dollar, up 8 paise compared to Friday's closing value of 58.52 a dollar. Global cues, meanwhile, are mixed. US stocks gained for the third day on Friday, lifting the S&P 500 to a record finish. Asian equities are trading strong with the Bank of Japan minutes likely to be released today. European shares closed mixed on Friday, having wavered throughout the day, after weak German business morale figures capped any significant gains. On BSE, Midcap is up by 1.3% while Small cap is up by 1.5%. On sectoral front, FMCG is the only sector top trade in red while on upside capital goods is the top gainer to add as much as 3% as we write this.
Further the market stands positive with 1791 shares seen advancing against 642 declining shares.

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Closing Summary, Market Synopsis: 23rd May, 2014

Key benchmark indices edged higher on last trading day of the week. The S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at record high. SBI provisionally ended 10.3 percent higher, marking its biggest single-day gain since May 19, 2009, after earlier jumping as much as 10.6 percent to mark its highest level since May 2, 2011 at 2,777 rupees. Also, hopes of reforms in the power sector by the new government continued to drive shares in power sector.

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 (Copper)

Precious metals on CMX are trading lower after the last session’s steep gain on the back of greater number of Jobless Claims from US. Actively traded Gold contract is trading at 1292.00, down 3 points or 0.23% while Silver fell around half a percent or 9 cents to trade at 19.43 an ounce. Base metals are extending their last night gains due to improved factory output from the world largest economies US and China. 3-month Aluminum is leading the group, surged around 1.5% or 26 points to trade at 1819.75 and Copper is trading at 6918.00, added 0.85% or 58 points after having tested a high of 6944.25, followed by rest of the metals. WTI Crude Oil is trading flat at 103.81 with a marginal gain of 6 cents while Natural Gas is up half a percent or 2 cents to trade at 4.377 per mmbtu.

Morning Summary, Market Synopsis: 23rd May, 2014

The market has opened on higher note once again with the Nifty hitting 7300. The Nifty is up 30.10 points at 7306.50 and the Sensex is up 127.32 points at 24501.72. The Indian rupee has opened flat at 58.46 a dollar on Friday as against previous day's closing value of 58.47 a dollar. Global markets too closed in the green territory with US stocks extending the prior day's rally. European shares closed slightly higher, after wavering throughout the day following mixed manufacturing and services data. Asian markets opened higher but geopolitical risks in Thailand and Ukraine may limit gains. On BSE, Midcap and Small cap are trading higher with gains of 1.28% and 1.88% respectively. On sectoral front, with an exception of Aluminum all other sectors are trading higher with Realty remains the top gainer to gain 2.5% as we write this.

Further the market breath stands positive with 1672 shares are seen advancing against 432 declining shares.

Closing Summary, Market Synopsis: 22nd May, 2014

Key benchmark indices edged higher in volatile trade on reports that the finance ministry is working on a proposal to cut the fiscal deficit to 3.8% to 3.9% of GDP for the year ending 31 March 2015 (FY 2015). The 50-unit CNX Nifty attained record closing high at 7276.4, up by 23.5 points. Jewellery makers such as Titan Co Ltd surged after the Reserve Bank of India (RBI) allowed banks to provide gold loans to jewellery makers, while also expanding the number of private agencies that can import the precious metal. Metal shares also rose after biggest consumer China's factory sector turned in its best performance in five months in May, a preliminary HSBC survey showed.

The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands tied at 25 each.

Commodity Market Update (Copper)

Precious metals are trading higher today, with Gold trading up by 0.58% at 1295.60 and Silver is at 19.56 an ounce, up by 22 cents or 1.17%. The near term outlook is likely to remain positive and we can see prices moving with a positive bias is coming days. Energy prices on international front are trading mixed with Crude Oil trading at 104.02, down by 0.05% and Natural Gas is at 4.49, +0.40%. Base metals are also trading in green with Nickel trading up by 1.38% at 19670.0 and Copper is up by 6864.0, +0.37% as we write this. On data front, US jobless claims is the key releases which is scheduled later today.

Morning Summary, Market Synopsis: 22nd May, 2014

The market has opened at a slightly higher level. The Sensex is up 114.17 points at 24412.19, and the Nifty is up 37.05 points at 7289.95. The rupee has opened higher at 58.60 per dollar on Thursday, up 17 paise compared to previous day's closing value of 58.77 a dollar. Global cues, meanwhile, may lend in support for the market rally with all the major markets closing with significant gains.US stocks jumped high, bouncing back from the prior day's sharp fall, after minutes from the Federal Reserve's last meeting had central bankers discussing ways to normalize interest rates. On BSE, midcap and smallcap are trading higher with midcap are up by 1.90% and smallcap are higher by 2.08%. On sectoral front, consumer durable is the best performer to gain 6.77% while on downside, IT is the worst performer to decline 0.25% as we write this.

Further the market breath stands positive with 1821 shares are seen advancing against 450 declining shares.

Closing Summary, Market Synopsis: 21st May, 2014

The broad market continued to depict strength even as the two key benchmark indices the edged lower in choppy trade. But key benchmark indices fell on Wednesday, snapping a four-session winning streak as blue-chips stocks fell, a day after foreign investors turned net sellers for the first time in about a month. The benchmark BSE Sensex provisionally closed 0.32 percent lower, while the broader Nifty lost 0.31 percent, retreating from record closing highs on Tuesday.

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

Commodity Market Update (Crude Oil)

On COMEX, precious metals are trading mixed since morning ahead of FOMC Meeting Minutes release. Actively traded Gold trading at 1292.30, down 2.20 points or 0.17% while front month Silver futures rose 2 cents to trade at 19.42 after having a small range of trading sessions. Base metals are tumbling on the LME and continued their previous session losses. 3-month Nickel is worst performing among the group, plunged 1.77% or 353 points to trade at 19541.00 while Copper and other metals followed the Nickel and losing more than half a percent each. WTI Crude Oil climbed to the highest intraday level in a month after industry data showed crude inventories slid in the US and trading at 103.11, up 0.78 points or 0.76% per barrel while NYMEX Natural Gas is trading silent at 4.545 with negative bias. EIA is set to release their weekly Crude Oil Inventories report tonight at 8.00PM with analysts forecast of +0.01 Mbd.

Morning Summary, Market Synopsis: 21st May, 2014

Equity benchmarks started off Wednesday's trade on negative note on profit booking and following weak cues from US. The Sensex slipped 27.96 points to 24348.92 and the Nifty lost 10.50 points to 7265. The Indian rupee has opened lower at 58.70 a dollar on Wednesday, down 7 paise compared to previous day's closing value of 58.63 per dollar. Globally, Asian equities were mixed in trade on Wednesday as investors were cautious ahead of a Bank of Japan monetary policy decision. Japan's Nikkei 225 Average declined 40.22 points or 0.29 percent to 14,035.03 and Singapore's Straits Times slipped 6.76 points to 3,258.71. South Korea's Seoul Composite was down 1.31 points to 2,009.95, at 8:00 hours IST. On BSE, Midcap is up by 1.04% and Small cap is up by 0.91% as we write this. On sectoral front, Consumer durable is the top gainer to add more than a percent while on downside, Metal is down by 0.60% as we write this.

Further the market breath stands positive with 1113 shares are seen advancing against 282 declining shares.

Closing Summary, Market Synopsis: 20th May, 2014

Key benchmark indices eked out small gains after witnessing high intraday volatility. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, attained record closing high. CNX Nifty shut shop at record high level of 7275.5 up by 12 points. The BSE Mid-Cap index was up more than 1.5%. The BSE Small-Cap index was up more than 3%. Both these indices outperformed the Sensex.

The rally is now also covering smaller companies, sending the NSE midcap index to its second consecutive record high on Tuesday. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 25 each.

Commodity Market Update (Silver)

Precious metals are trading mixed with Gold trading nominally lower by 0.16% at 1291.0 and Silver is at 19.36, adding 0.04% as we write this. The near term outlook remains neutral and we can see prices consolidating in a range. On data front, there are no major release today that can set direction for prices. Base metals are trading in red today, with Copper trading lower by 0.18% at 6903.0 while Nickel is the worst performer to ease 540 point or 2.67% at 19710.0. Energy prices on NYM are trading at 102.60, down by 0.01% or a cent while Natural Gas is at 4.44, lower by 0.65% at the time of writing this.

Morning Summary, Market Synopsis: 20th May, 2014

The market seems to be in good mood as it opens at higher levels. The Sensex is up 132.52 points at 24495.57 and the Nifty is up 46.40 points at 7309.95. The rupee has opened flat at 58.58 per dollar on Tuesday as against previous day's closing value of 58.59 a dollar. Dollar slid to its weakest against the yen in more than three months on Monday as expectations of higher US interest rates faded. Globally, Asia shares opened mixed this morning as the Nikkei snapped its four-day losing streak while the Kospi retreated from fresh 2014 highs after economic data showed that producer prices fell for the 19th straight month in April. On BSE, Midcap is up by 2.27% while Small cap is trading higher by 2.78% as we write this. On sectoral front, Realty gained as much as 6.09% to be the top performer while on downside, Oil and Gas is the only sector to trade in red with a decline of 1.71% at the time of writing this.

Further the market breath stands positive with 1587 shares are seen advancing against 503 declining shares.

Closing Summary, Market Synopsis: 19th May, 2014

Key benchmark indices closed at a record high on Monday as investors switched to stocks focussed on the domestic sector, including that from Power & Infra, on optimism the incoming government led by Narendra Modi would help spur economic reforms. However, broader gains were capped as exporters lost heavily after the rupee strengthened to an 11-month high against the dollar. Software exporter TCS provisionally slumped 6.2 percent. CNX Nifty shut shop at 7263.55, up by 60.55 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 21 declines.

Morning Summary, Market Synopsis: 19th May, 2014

The market continues its rally as sentiment is still upbeat with Narendra Modi-led NDA winning the 16th Lok Sabha elections. The Sensex is up 287.56 points or 1.19 percent at 24409.30 and the Nifty is up 86.20 points or 1.20 percent at 7289.20. The Indian rupee has touched fresh 11-month high in early trade on Monday. It opened at 58.55 a dollar, which is the highest level since June 18, 2013, up 24 paise compared to Friday's closing value of 58.79 a dollar. On Global front, Asian equity markets started the week mixed despite Friday's positive lead from Wall Street as concerns rose about a slowdown in China's real estate market. On BSE, Mid Cap is adding almost 3% to trade at 8112.86 and Small is gaining more than 2%. On Sectoral front, BSE Metal and BSE Power are top performing counter among the all sectors while BSE Teck, BSE IT, BSE FMCG and BSE Health Care are trading in red and losing more or less 4% each.

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Closing Summary, Market Synopsis: 16th May, 2014

Key benchmark indices edged higher in what was a choppy trading session as leads and results of Lok Sabha election showed that Narendra Modi was on course to wrest the top job in the country as a saffron wave swept large swathes of India and leaving Congress in tatters. The benchmark BSE Sensex surged to as high as 25,375.63, before ending the day at 24,121.74, up 0.9 percent. The broader Nifty jumped as much as 6.2 percent to a record high of 7,563.50, before closing 1.12 percent higher at 7,203.



The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 36 advances to 14 declines.

Commodity Market Update (Copper)

Precious metals are trading flat in a range with Gold trading higher by 0.04% at 1294.10 while Silver is in red at 19.39, -0.46% as we write this. The near term outlook remains negative for Gold and Silver and we can see prices drifting lower in coming sessions. Base metals prices on LME are trading higher with Nickel leading the gainers with a gain of 2.63% at 19120.0, while all other metals are nominally higher. Crude Oil and Natural Gas prices on NYM are at 101.58 and 4.45. Crude Oil is up by 0.07% and Natural Gas is lower by 0.27% as we write this. Intraday bias remains neutral for Crude Oil and Natural Gas.

Morning Summary, Market Synopsis: 16th May, 2014

It is a massive rally as market opens at life high. Sensex opens with a gain of 1000 points. The Sensex is up 646.62 points or 2.70 percent at 24552.22, and the Nifty is up 296.45 points or 4.16 percent at 7419.60. The Indian rupee opened sharply higher on the election results day. It is trading at 59.92 against 59.29 Thursday. The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. Globally, Wall Street shares fell for a second session as the 10 year Treasury yield dropped below 2.5 percent to a fresh six-month low. Both the Dow Jones Industrial Average and the S&P 500 lost 1 percent each while the Nasdaq closed down 0.8 percent. On BSE, Midcap is up by 2.77% while Small cap is higher by 1.66% as we write this. On sectoral front, all sectors are trading in green with Bankex leading by a gain of more than 9% at the time of writing this.

Further the market breath stands positive with 1227 shares are seen advancing against 734 declining shares.

Commodity Market Update (Natural Gas)

Precious metals are trading marginally lower with Gold trading at 1304.10, lower by 2 points and Silver is at 19.65 an ounce, down by 9 cents or 0.46% as we write this. Intraday view is negative and we can see a minor decline in Gold prices while Silver is likely to take cue from Gold’s move. Prices on LME are trading in red with Copper remains the only metal to trade in green while all other metals are trading lower. Nickel is leading the laggards with a decline of 3.75% at the time of writing this. On energy complex, Crude Oil prices are at 101.97, -0.39% and Natural Gas prices are at 4.35, lower by 0.25% at the time of writing this. On macroeconomic front, US Jobless Claims and Natural Gas Storage data are scheduled to release today.

Morning Summary, Market Synopsis: 15th May, 2014

The market opens on a flat note but Nifty still holds 7100. The Nifty is up 2.55 points at 7111.30. The Sensex is down 5.70 points at 23809.42. The Indian rupee advanced in the early trade on Thursday. It has opened with a gain of 18 paise at 59.48 per dollar as against previous day's closing value of 59.66 a dollar. Globally, US stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged. On BSE, midcap and smallcap are trading lower with midcap cap down by 0.15% and Small cap is lower by 0.29% as we write this. On sectoral front, Consumer durable is the top gainer to add 1.71% and Metal is down by 0.86% as we write this.

Further the market breath stands negative with 902 shares are seen advancing against 1135 declining shares.

Closing Summary, Market Synopsis: 14th May, 2014

Key benchmark indices edged lower in choppy trade as increase in crude oil prices triggered concerns about India's current account deficit and fiscal deficit. The BSE Sensex, was provisionally down 54.80 points or 0.23%, CNX Nifty shut shop exactly flat at 7108.75. Realty stocks edged higher. Coal India and NMDC hit 52-week high. PSU bank stocks surged as a committee appointed by the Reserve Bank of India (RBI) proposed on Tuesday the government should cut its stakes in state banks to below 50% and establish "fully empowered" bank boards.



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

Morning Summary, Market Synopsis: 14th May, 2014

Indian equity market opened nominally higher after witnessing superb gain in the last session. The Sensex is up by 11 points at 23882.0 and Nifty is at 7112.0, up by just 3 points as we write this. Currency trading on domestic bourses is closed today. On the global front, US stocks ended mixed, with the S&P 500 crossing 1,900 for the first time, as disappointing April retail sales were offset by an upward revision for the prior month and an upbeat gauge of small business sentiment. In Europe, markets closed higher as investors mulled on hopes of new measures by the European Central Bank to be announced soon. On BSE, Midcap and Smallcap are trading higher by 0.90% each while on sectoral front, Metal is the top gaining sector, adding 1.25% till now while on downside IT is lower by 0.16% at the time of writing this.

Further the market breath stands positive with 1072 shares are seen advancing against 567 declining shares.

Closing Summary, Market Synopsis: 13th May, 2014

Key benchmark indices today, 13 May 2014, extended their recent strong gains after exit polls on Monday, 12 May 2014, signaled that the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) would win a majority in the Lok Sabha elections which concluded on Monday, 12 May 2014. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high on intraday basis as well as closing basis. CNX Nifty shut shop at 7108.75 (highest ever close) up by 94.5 points.



The market sentiment boosted by data showing that foreign funds made substantial purchases of Indian stocks on Monday, 12 May 2014. Gains in Asian and European stocks also underpinned sentiment on domestic bourses. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 39 advances to 10 declines, 1 stock remain unchanged.

Commodity Market Update (Silver)

Precious metals on COMEX are trading volatile since morning with Gold trading at 1293.60, down 2.20 points or 0.17% while Silver tested a low of 19.365 before settling flat at 19.55 an ounce. Base metals are trading lower after the last session’s steep gain. 3-month Nickel tested a low of 20550.00 before settling at 20720.00, tumbled 459 points or 2.17% and led the group and Copper tested a low of 6825.00 before settling at 6857.50, down 21.50 points or 0.31%. WTI Crude Oil is continuing its last session’s gain on the back of tension in Ukraine. Crude Oil is up 24 cents or 0.24% to trade at 100.83 while Natural Gas is trading almost flat at 4.43 with positive bias.

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Closing Summary, Market Synopsis: 9th May, 2014

Key benchmark indices hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections set to conclude next week, sending blue-chips such as ICICI Bank sharply higher. The Sensex rose as much as 3.15 percent to a record high at 23,048.49, surpassing its previous high of 22,939.31 hit on April 25. It ended up a provisional 2.9 percent. The Nifty rose as much as 3.18 percent to as high as 6,871.35, surpassing its previous all-time high at 6,869.85 on April 25. It rose 2.99 percent.

Banking stocks gained the most with the Bank Nifty gaining 5.5 percent to hit a record high at 13,814.25. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 46 advances to 3 declines, 1 stock remain unchanged.

Commodity Market Update (Copper)

Precious metals on COMEX are trading silent since morning with Gold trading at 1289.10, up 1.40 points or 0.12% an ounce while Silver rose 0.27% or 5 cents to trade at 19.19 an ounce. Base metals are trading mixed since morning. LMC Nickel tested a two years high of 20500.00 before settling at 20050.00, rallied by 3.08% or 600 points while Copper is trading flat at 6719.75 with a meager gain of 4.75 points per metric ton. WTI Crude Oil is heading towards weekly gain as Oil stockpiles shrank for the first time in more than a month. Actively traded Crude Oil contract is trading at 101.08, up 82 cents or 0.83% while Natural Gas is trading flat at 4.565 after having tested a low of 4.557 per mmbtu.

Morning Summary, Market Synopsis: 9th May, 2014

Indian equity market opened flat with The Sensex is up 32.70 points at 22376.74, and the Nifty is down 5.70 points at 6654.15. The Indian rupee also opened flat at 60.06 per dollar versus 60.06 Thursday. Globally, In the US, stocks mostly declined, with the S&P 500 retreating after rising to within two points of its record close and the Nasdaq composite extending losses into a third day, as investors sorted through a mixed bag of earnings. Midcap and Smallcap on BSE sector are trading higher by 0.44% and 0.49% respectively. On sectoral front, Capital Goods gained 1.39% as the best performer while Health care is the only sector to trade in red with a nominal decline of 0.17%.

Further the market breath stands positive with 1165 shares are seen advancing against 648 declining shares.