Thursday, 22 May 2014

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.

Photo: Morning Market Update:
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.

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