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.