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.