Morning Summary, Market Synopsis: 2nd May, 2014

After a mid-week holiday, the market opened on a higher note. The Sensex is up 75.79 points at 22493.59, and the Nifty is up 15.45 points at 6711.85. The Indian rupee opened higher by 10 paise at 60.22 per dollar versus 60.32 Wednesday. The dollar struggled to make any headway, still languishing near a three-week trough against a basket of major currencies as investors stayed on the sidelines ahead of a closely watched US employment report. Globally, Asian shares were subdued and the dollar held modest gains against the yen in early trade on Friday as markets held their breath ahead of the US payrolls report later in the session - which could show the economy shaking off a severe winter. The Asian markets drew scant impetus from Wall Street, which closed little changed ahead of the jobs report. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trading, while Japan's Nikkei stock average lost 0.2 percent. On BSE, Midcap and small cap are trading in green with gains of 0.55% and 0.80% respectively. On sectoral front, IT is the best performer to gain 1.13% while on the flip side, Capital Goods is the worst performing sector to decline 0.67%, till now.
Further the market breath stands positive with 1175 shares are seen advancing against 727 declining shares.