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.