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.