Morning Summary, Market Synopsis: 2nd July, 2014

The market sees a stellar opening with the Sensex hitting all-time high of 25732.87 as just eight days are left for the Budget. Positive global sentiment and pre-Budget optimism fuels the up move. In the mean while, Finance Minister makes a strong pitch for fiscal prudence. The Sensex is up 181.94 points or 0.7 percent at 25698.29 and the Nifty is up 51.50 points or 0.7 percent at 7686.20. The Indian rupee opened flat at 60.06 per dollar versus 60.07 on Tuesday. On Global front, Asian equity markets were mostly higher on Wednesday following record gains on Wall Street overnight. Wall Street started the second half of the year with the Dow Jones Industrial Average and S&P 500 briefly rising to all-time highs following upbeat economic data. On BSE, Small Cap is gaining around by a percent and Mid Cap is adding 0.83%. On Sectoral front, BSE Capital Goods and BSE Metal are leading the sectors, surging around 1.5% each, followed by rest of the sectors.



Further the market breadth stands positive with 991 shares advancing against the 440 declining shares.