Closing Summary, Market Synopsis: 31st July, 2014

Key benchmark indices fell nearly 1 percent today, marking its biggest single-day fall in nearly 2-1/2 weeks, weighed down by foreign investors' sales after earnings at blue chips such as Maruti Suzuki Ltd failed to impress markets. Foreign investors, who played a major part in the Nifty hitting a record high last week, sold cash shares worth $63.4 million on Wednesday, marking their first sales in 10 days.

The broader Nifty fell 0.9 percent, or 70.10 points, to end at 7,721.30, retreating from previous session close of 7791.4. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 7 advances to 43 declines.

Morning Summary, Market Synopsis: 31st July, 2014

The market is flat on July series F&O expiry day. The Sensex is up 12.44 points at 26099.86 and the Nifty is down 4.15 points to trade at 7787.25. The Indian rupee has opened lower at 60.24 a dollar, down 18 paise compared to previous day's closing value of 60.06 per dollar. On Global front, Asian equities were mixed on Thursday following robust US economic data and as investors braced for Argentina to default on its debt for the second time in twelve years. On BSE, Mid Cap is gaining 0.70%, followed by Small Cap which is also adding more than half a percent. On Sectoral front, BSE Metal is leading the all sectors, surging more than a percent, followed by rest of the sectors except BSE Teck, IT, FMCG and BANKEX which are trading in red as we write this.

Further, the market breadth stands positive with 828 shares advancing against the 486 declining shares.

Closing Summary, Market Synopsis: 30th July, 2014

Indian equity market closed positive with prices rebounded in last couple of hours of trade today. The Sensex Index reclaimed 26000.00 mark to close at 26098.00 and Nifty closed up by 42 points at 7791.40 level. the market may see some consolidation with small corrections in near term, but the long term bull run is intact. On BSE, Midcap was higher by 0.35% and Small cap is lower by 0.02%, closed counter to each other. On sectoral front, Bankex stands as the best performer to gain 1.57%, followed be Health Care and Consumer Durable while the point of attention was Capital Goods which eased as much as 4.68% to be the worst performer for the day. Further the market breath stands negative with 1361 shares are seen advancing against 1531 decline shares.

Morning Summary, Market Synopsis: 30th July, 2014

After two-day fall, equity benchmarks opened flat on Wednesday. The Sensex declined 40.44 points to 25950.79 and the Nifty lost 2.50 points to 7746.20. The Indian rupee slipped in the early trade today. It has openedlower by 12 paise at 60.24 per dollar versus 60.12 on Monday. The dollar hovered at a six-month peak against a basket of major currencies. On Global front, Asian equity markets rose for a third session on Wednesday ahead of key risk events in the United States. The Federal Reserve's monetary policy decision and US second-quarter gross domestic product are due later in the day. On BSE, Mid Cap and Small Cap is trading in red with minor decline of 0.15% and 0.31% respectively. ON Sectoral front, BSE Capital Goods is tumbling over 4%, followed by Metal and Auto while rest of the sectors area trading higher since morning.

Further, the market breadth stands slightly negative with 572 shares advancing against the 768 declining shares.

Commodity Market Update (Gold)

Precious metals on COMEX are trading volatile since morning with Gold trading at 1305.00, up 1.70 points or 0.13% after having tested a high of 1309.40 an ounce while Silver tested a high of 20.80 before settling at 20.68, up 5 cents or 0.24% an ounce. With the exception of Nickel, Base metals are trading higher since morning with Copper trading at 7132.50, up 3.50 points and Lead is gaining around a percent or 21 points to trade at 2295.00 and leading the group. WTI Crude Oil is trading at 101.50, fell more than half a percent or 60 cents per barrel and Natural Gas opened with a gap down but later on fill up that gap and trading at 3.77 with a negative bias.

Closing Summary, Market Synopsis: 28th July, 2014

Key benchmark indices fell on Monday to their lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank Ltd for a second consecutive session after the record highs of last week, BankNifty witnessed sharp profit taking today. Caution also prevailed ahead of the expiry of monthly derivatives contracts due on Thursday and ahead of key earnings such asBharti Airtel Ltd and ICICI Bank in a holiday-shortened week.

The broader Nifty lost 0.54 percent, or 41.75 points, to end at 7,748.70. It hit a record high of 7,840.95 on Friday. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 16 advances to 34 declines.

Morning Summary, Market Synopsis: 28th July, 2014

The market opened on a flat note on Monday despite positive Asian cues. The Sensex fell 107.80 points to trade at 26018.96 and the Nifty declined 29.80 points to trade at 7760.65. The Indian rupee opened flat at 60.09 per dollar on Monday as against Friday's closing value of 60.10 a dollar. On Global front, Asian equities were mostly higher on Monday, led by a rally in Chinese markets on optimism about the health of the world's second-largest economy. On BSE, Mid Cap is trading in green with a meager gain while Small Cap is trading down by 0.04%. On Sectoral front, all sectors are trading mixed since morning and BSE Realty is losing most of the ground, falling 1.23% whereas BSE Auto is gaining more than half a percent.

Further, the market breadth stands slightly negative with 602 shares advancing against the 730 declining shares.

Closing Summary, Market Synopsis: 25th July, 2014

The market ended on a lower note on Friday, the Sensex was down by 145 points and Nifty was lower by 40 points to end the session at 26126.75 and 40.15 respectively. Following the overall trend, the near term outlook is still bullish and we can see prices moving higher in coming days. The recent decline may offer buying opportunity in the index. On BSE, Midcap ended lower by 1.24% and Small cap is down by 1.88%. On sectoral front, Health care is the best performing sector while on other hand, metal is the worst performer to decline 2.33% for the day.
Further the market breath stands negative with 918 shares were seen advancing against 2003.

Commodity Market Update

Precious metals are trading in green as prices bounced on back of recovery after last session’s decline. The near term outlook still bearish and we can see prices drifting lower in coming sessions. Gold prices are at 1294.30 with an intraday high of 1294.80. Resistance for Gold is seen at 1300.0 level. Silver is at 20.51, +0.57% or 10 cents. Crude Oil and Natural Gas is trading higher today at 100.12 and 3.85 respectively. Oil prices are higher by just 0.05% while Natural Gas is up by 0.25% as we write this. Base metals are also higher as buyers supports help market to trade in green. Copper is at 7182.0, adding 13 points while Zinc is the best performer to gain as much as 0.86% or 20 points to 2409.00.

Morning Summary, Market Synopsis: 25th July, 2014

After closing at record highs, the market has opened on a flat note on Friday. The Sensex is down 129.44 points at 26,142.41, and the Nifty is down 40.40 points at 7,790.20. The Indian rupee opened flat at 60.11 per dollar versus 60.12 Thursday. The dollar held gains versus the yen and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the US and Euro zone economies. On Global front, Asian equity markets were mostly higher on the final trading day of the week following another record close for the S&P 500 overnight. On BSE, Mid Cap is down more than half a percent while Small Cap is losing most of the ground, decline over a percent. On Sectoral front, BSE Realty and BSE Metal sectors are leading the all sectors, slide around 1.5%, followed by rest of the sectors while BSE FMCG and Health Care are the only sectors which are trading in green and up more than half a percent each.

Further, the market breadth stands negative with 367 shares advancing against the 1066 declining shares.

Closing Summary, Market Synopsis: 24th July, 2014

Key benchmark indices rose to record highs on Thursday after cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda. The Sensex rose to a life high of 26,292.66, surpassing its previous record high of 26,190.44 hit on July 8, while the Nifty hit a new peak for a second straight session at 7,835.65.

The Nifty rose 5.1 percent in the last eight consecutive sessions of gains compared to a 2 percent rise in the MSCI Asia Pacific Ex Japan index in the same period.

Commodity Market Update (Natural Gas)

Precious metals on COMEX are losing since morning and continue their last session’s decline due to improving US economy and a stronger which cut the demand for the safe heavens. Actively traded Gold contract tested a week low of 1295.20 before settling at 1297.60, down 7.10 points or 0.54% and Silver futures fell more than half a percent or 12.5 cents to trade at 20.87 an ounce. Base metals are rallying since morning due to better than the expected manufacturing data from China. 3-month Copper is leading the bucket, adding 1.20% or 83.75 points to trade at 7133.00, followed by rest of the industrial metals which are gaining more or less a percent each. WTI Crude Oil is trading down at 102.75, down 0.37 points or 0.36% while Natural Gas is trading in green at 3.77 with a marginal gain of 0.24% per mmbtu.

Morning Summary, Market Synopsis: 24th July, 2014

The market is flat with negative bias. The Sensex is down 32.87 points at 26114.46 and the Nifty is down 10.95 points at 7784.80. The Indian rupee opened marginally higher at 60 per dollar versus 60.09 Wednesday. Thedollar rises to eight month highs versus the euro as worries over tougher sanctions on Russia and their potential impact on euro zone weighed on euro. Globally, Asian stocks inched up as Japanese exports unexpectedly dropped 2 percent on year, down for a second straight month. Imports rose 8.4 percent, in line with estimates but deficit widened to USD 8.1 billion. US stocks closed mixed, with the S&P 500 finished at a record for the 26th time this year, as investors weighed earnings from companies including Boeing and Apple. However Dow Jones closed marginally in the red. On BSE, Midcap and Small cap are trading nominally lower today, midcap is higher by 0.01% and Smallcap is up by 0.20% as we write this. On sectoral front, Metal is the best performing sector while on the other hand capital goods is the worst performing sector to decline 0.59% at the time of writing this.
Further the market breath stands positive with 1126 shares are seen advancing against 953 declining shares.

Closing Summary, Market Synopsis: 23rd July, 2014

Key benchmark indices settled at record high led by IT stocks in what was a volatile trading session. The S&P BSE Sensex, settled at record high. The 50-unit CNX Nifty hit record high on intraday as well as closing basis to settle at 7795.75, up by 28 points. IT stocks gained on positive economic data in US, the biggest outsourcing market for the Indian IT firms. PSU OMCs edged higher as crude oil prices declined. Hindalco Industries hit 52-week high as aluminum prices surged on London Metal Exchange (LME).

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 22 advances to 27 declines, 1 unchanged.

Commodity Market Update (Crude Oil)

Precious metals are trading higher today the recent delivery Gold contract on CMX is higher by 0.15% or 2 points at 1308.20 and Silver is at 21.01, slightly higher today. The near term outlook remains neutral and we can see prices trading higher for the day. Base metals on LME are trading in red today, Copper is lower by 0.28% or 20 points at 7030.0 and the worst performer Nickel is at 18985.0, down by 114 points or 0.60% as we write this. Crude Oil and Natural Gas prices are trading mixed with Crude Oil trading at 101.17 and Natural Gas is at 3.78. Crude Oil prices are trading lower by 0.05% while Natural Gas is higher by 0.32% as we write this. Bias for Natural Gas is negative.

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Morning Summary, Market Synopsis: 23rd July, 2014

The market continues its rally on Wednesday, with Nifty hitting the 7800-mark. The Nifty is up 35.05 points at 7802.90 while the Sensex is up 135.82 points at 26161.62. The Indian rupee gained in the early trade on Wednesday. It has opened higher by 10 paise at 60.14 per dollar versus 60.24 Tuesday. The euro languishes at multi-month lows against many of its peers, having moved decisively lower overnight. Asia appears to be consolidating today after a good trading session yesterday. Taiwan closed because of Typhoon Matmo. Yen holds steady at the 101.5 mark. US stocks rose yesterday, lifting the S&P 500 to a record, as Wall Street considered quarterly earnings. On BSE, Midcap and Smallcap are trading higher today with gains of 0.66% and 0.52% respectively. On scetoral front, IT is the best sector to gain 1.46% while on downside, healthcare is trading lower by just 0.04% as we write this.
Further the market breath stands positive with 1210 stocks are seen advancing against 705 declining shares.

Closing Summary, Market Synopsis: 22nd July, 2014

Key benchmark indices rose more than 1 percent on Tuesday, approaching its record high hit earlier this month after telecom stocks surged following Idea Cellular's better-than-expected earnings while stronger Asian shares also bolstered sentiment. The broader Nifty rose 1.1 percent, or 83.65 points, to end at 7,767.85. Index heavy weight Reliance Industries rose 3.3 percent, adding to Monday's 2.14 percent also helped the index to close near its all time high.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 34 advances to 16 declines.

Commodity Market Update (Silver)

On CMX, Gold and Silver are losing since morning on the expectations for higher US interest rates and a stronger dollar countered haven demand amid tension in Ukraine and Gaza. Actively traded Gold contract tested a low of 1305.00 before settling at 1307.70, down half a percent or 6.10 points and Silver is down 9.7 cents or 0.50% to trade at 20.915 after having tested a low of 20.87 an ounce. Zinc climbed to the highest price since August 2011 after falling inventory and an improving demand outlook spurred speculation that consumption will exceed supply. Aluminum reached a 16-month high of 2043.00 before settling at 2036.00, up 15.50 points or 0.77% and Zinc is trading at 2364.50, up 20.50 or 0.87%. Copper is trading at 7052.50, higher by 0.33% or 23.50 points per metric ton. WTI Crude Oil is adding 0.51% or 53 cents to trade at 105.12 while Natural Gas is trading flat at 3.847 with negative bias as we write this.

Morning Summary, Market Synopsis: 22nd July, 2014

The market has opened flat on Tuesday but the Nifty has scaled 7700. The Nifty is up 24.00 points at 7708.20. The Sensex is up 97.90 points at 25813.07. The Indian rupee opened marginally higher at 60.25 per dollar versus 60.30 Monday. Dollar holds steady against major currencies as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine. Mild risk aversion seeps into global markets again as geopolitical uncertainty and the possibility of tougher sanctions against Russia impact sentiment. Equities slip with the Dow closing about 50 points lower. On BSE, Midcap and smallcap are trading higher with gains of 0.62% and 0.57% respectively. On sectoral front, Health Care is the best performer to gain 1.02%, followed by all other sectors.
Further the market breath stands positive with 1289 shares are seen advancing against 604 declining shares.

Closing Summary, Market Synopsis: 21st July, 2014

Indian stocks eked out small gains as monsoon rains picked up last week. The key benchmark indices remained in positive zone throughout the day. But, higher level could not be sustained due to weakness in European shares triggered by lingering geopolitical concerns. CNX Nifty shut shop at 7684, up by 20 points. Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result, Reliance Industries (RIL) rose on strong Q1 result. Telecom stocks gained. HDFC gained after the housing finance major announced decent Q1 result.

The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines tied at 25 each.

Commodity Market Update

Precious metals are trading slightly higher with Gold trading at 1314.70, +0.40% and Silver is at 21.0, lower by 0.55%. The near term outlook remain steady for precious metals, we maintain a neutral bias for bullion. Base metals on LME are trading mixed today, Copper is trading nominally lower by 0.15% or 10 points at 6983.0 while Nickel is the worst performer till now to ease as much as 0.63% to 18546.00. Crude Oil on NYM is trading at 102.00, with no major changes while Natural gas slipped 2.13% to trade at 3.86 per mmbtu, as we write this.

Morning Summary, Market Synopsis: 21st July, 2014

The market has kickstarted on a strong note as Sensex is up 170.25 points at 25811.81. The Nifty is up 43.50 points at 7707.40. The Indian rupee opened flat at 60.29 per dollar versus 60.28 Friday. The dollar holds steady as some calm returned to markets following an initial bout of risk aversion stemming from a flare up in geopolitical tensions. Asian stock markets started the week with gains but the mood was cautious due to ongoing geopolitical tensions. Trading volumes were light with Japan shut for a holiday on account of annual Marine Day. Kospi rose to their highest levels since December thanks to upbeat second-quarter earnings results. On BSE, midcap and smallcap are trading higher by 1.08% and 1.30% respectively.
Further the market breath stands positive with 1656 shares are seen advancing against 906 declining shares.

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Closing Summary, Market Synopsis: 18th July, 2014

Key benchmark indices edged higher on Friday, gaining for a fourth consecutive session, after Tata Consultancy Services' better-than-expected earnings sparked a rally in IT stocks and offset global concerns about thedowning of a Malaysian airliner in Ukraine. The Nifty rose 2.7 percent for the week, recovering some of its 3.8 percent fall last week when investors reacted with disappointment over the lack of major reforms in general budget on July 10. The Bank Nifty gained 6.5 percent this week, the best weekly gain in nine, after falling 7.1 percent in the previous week.

The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.

Commodity Market Update (Copper)

Precious metals on CMX are trading lower after the last night’s steep gain on the back of Ukraine crisis. Actively traded Gold contract is losing half a percent or 6.40 points to trade at 1310.70 and Silver eased 0.54% or 11.4 c cents to trade at 21.015 an ounce. Base metal are trading lower since morning with Copper trading at 7023.50, fell 45.50 points or 0.64% while Nickel is tumbling over 2.5% or 492 points to trade at 18799.00 after having tested a low of 18537.00, followed by rest of the metals. WTI Crude Oil tested a high of 103.94 before settling at 103.44, up 25 cents or 0.25% and Natural Gas is trading at 3.969, up 1.5 cents or 0.38% per mmbtu after the last session’s steep decline on the back of more than the expected storage in US.

Morning Summary, Market Synopsis: 18th July, 2014

The market has opened in red as investors seem to be nervous on global uncertainties as the world is drawn into the Ukraine-Russia conflict after the MH17 crash. The Sensex is down 13.72 points at 25547.44 and the Nifty is down 16.45 points at 7624.00. The Indian rupee declined in the opening trade on Friday. It has opened lower by 21 paise at 60.39 per dollar versus 60.18 Thursday. Geopolitical tensions escalated after a Malaysian airlines' passenger jet is shot down less than 50 kilometers from the Russian border. All the passengers and crew members are feared dead. Ukraine blames pro-Russian rebels for the crash while the separatists deny it. This is just after the US tightened sanctions against Russia for supplying the rebels with weapons. On BSE, midcap and small cap are trading in red today with decline of 0.26% and 0.19% respectively.
Further the market breath stands negative with 939 shares are seen advancing against 1119 declining shares.

Closing Summary, Market Synopsis: 17th July, 2014

Closing Market Update:
Key benchmark indices eked out small gains after moving in a narrow range in intraday trade. The broader Nifty rose 0.21 percent, or 16.05 points, to end at 7,640.45, marking its second straight highest close since July 7, when it hit a record closing high. Metal and mining stocks extended recent gains. Hindalco Industries hit 52-week high, with the stock extending Wednesday's gains triggered by upgrade in rating of the stock from a foreign brokerage to 'buy' from 'underperform'. Tata Power Company and Reliance Infrastructure edged higher on reports that Delhi Electricity Regulatory Commission has approved a tariff hike of 8.32% for the power distribution subsidiaries of these two companies in the national capital for the fiscal 2014-15.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 31 advances to 19 declines.

Commodity Market update (Natural Gas)

Precious metals are trading marginally higher today with Gold and Silver trading at 1303.10 and 20.83 an ounce respectively, adding 0.26% each as we write this. The near term outlook remains neutral and we can see prices trading in a broad range. Crude Oil prices are trading higher at 102.12, +0.88% as we write this. Intraday bias remains positive on Crude Oil. Natural Gas prices are trading lower at 4.09, down by 0.63%. Base metals on LME are trading positive with Copper remains the only exception to trade in red at 7049.0, -11 points while all the other metals are trading in green. Aluminum is the best performer to gain 0.60% to 1981.00.
Jobless data from US is an important event scheduled at 6.00 PM.

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