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Closing Summary, Market Synopsis: 28th August, 2014

Key benchmark indices close at record high on Thursday as continued buying from foreign investors lifted blue-chips such as Oil and Natural Gas Corp, allowing the benchmark index to post its seventh consecutive monthly gain in the best streak since 2006. Despite some flare-ups in geopolitical tensions, sentiment in India remains supported by optimism about an improving economy and expectations Prime Minister Narendra Modi will usher a period of significant fiscal and economic reforms. The broader Nifty gained 0.23 percent to 7,954.35 not far from the record high of 7,968.25, hit on Monday. The Nifty rose 3.02 percent for the month to mark its fourth consecutive monthly gain.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 28 advances to 21 declines & 1 unchanged.

Morning Summary, Market Synopsis: 28th August, 2014

Equity benchmarks extended gains on Thursday, the expiry day for August derivative contracts. The Sensex rose 66.62 points to 26626.77 and the Nifty climbed 19.80 points to 7955.85. The Indian rupee opened marginally higher at 60.39 per dollar on Thursday as against previous day's closing value of 60.45 a dollar. Global markets remained unchanged after the record breaking rally. The S&P 500 held on to its 2000-mark and in Europe, the bigger story continues to unfold in the bond markets with the German 10-year yields down to a record low on hopes of quantitative easing by the ECB. Asian markets traded mixed due to lack of trigger. On BSE, midcap and smallcap are trading higher with gains of 0.07% and 0.44% respectively. On sectoral front, Realty is the best performer to gain 1.27% while metal is trading down by 0.21% as we write this.
Further the market breadth stands positive with 1125 shares are seen advancing against 835 declining shares.

Commodity Market Update (Natural Gas)

Gold and Silver are advances on CMX due to tension over Ukraine spurred haven demand and as the dollar weakened. Actively traded Gold contract tested a week high of 1293.30 before settling at 1287.90, up around half a percent or 5.40 points and Silver is surging 1.73% or 33 cents to trade at 19.74 after having tested a high of 19.875 an ounce. WTI Crude Oil is trading down as Crude stockpiles increased at the biggest US oil storage hub. Light Sweet Crude Oil futures tested a low of 93.45 before settling at 93.54, easing 34 cents or 0.35% while Natural Gas is adding a cent or 0.32% to trade at 4.016 after having tested a high of 4.028 per mmbtu. With the exception of Aluminum and Zinc, Base metals are trading lower with Copper trading at 7015.00, down 10 points and Nickel is losing 0.77% or 145 points to trade at 18721.00 per metric ton.

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Closing Summary, Market Synopsis: 27th August, 2014

Key benchmark indices gave a record high closing today as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue-chips such as TCS, HCL Tech. Foreign investors bought Indian shares worth $60.4 million on Tuesday, bringing the total for the year to nearly $13 billion in 2014. The broader Nifty rose 0.4 percent, or 31.30 points, to end at a record closing high of 7,936.05, and above the psychologically important 7,900 level.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 32 advances to 18 declines.

Morning Summary, Market Synopsis: 27th August, 2014

After two-day of consolidation, equity benchmarks opened higher with the Sensex rising 112.87 points to 26555.68 and the Nifty eyeing 7950 level, up 29.30 points at 7934.05. The Indian rupee opened lower at 60.48 per dollar, down 5 paise compared to previous day's closing value of 60.43 a dollar. On the global front, Asia was trading with a positive on the back of positive US markets. The Dow Jones hit an all-time record high with the S&P 500 reclaiming the 2,000 mark to close above it for the first time ever over better-than-expected economic data comprising a surge in orders for durable goods. On BSE, midcap and smallcap is trading up by 0.70% and 1.03% respectively. On sectoral front, Power and Metal are the only sectors to trade in red while all other sectors are trading in green today. Consumer Durable is the top gaining counter.
Further the market breadth stands positive with 1361 shares are seen advancing against 680 declining shares.

Commodity Market Update

After two-day of consolidation, equity benchmarks opened higher with the Sensex rising 112.87 points to 26555.68 and the Nifty eyeing 7950 level, up 29.30 points at 7934.05. The Indian rupee opened lower at 60.48 per dollar, down 5 paise compared to previous day's closing value of 60.43 a dollar. On the global front, Asia was trading with a positive on the back of positive US markets. The Dow Jones hit an all-time record high with the S&P 500 reclaiming the 2,000 mark to close above it for the first time ever over better-than-expected economic data comprising a surge in orders for durable goods. On BSE, midcap and smallcap is trading up by 0.70% and 1.03% respectively. On sectoral front, Power and Metal are the only sectors to trade in red while all other sectors are trading in green today. Consumer Durable is the top gaining counter.

Further the market breadth stands positive with 1361 shares are seen advancing against 680 declining shares.

Morning Summary, Market Synopsis: 26th August, 2014

Equity benchmarks opened lower on Tuesday following consistent nervousness due to Supreme Court order on coal block allocation case. The Sensex fell 25.27 points to 26411.75 and the Nifty lost 12.60 points to 7893.70. The Indian rupee opened flat at 60.52 per dollar on Tuesday as against previous day's closing value of 60.56 a dollar. The euro stayed on the back foot, having extended its decline. Meanwhile, weakness in the euro helped the dollar index, which remained close to its September 2013 peak of 82.671. On BSE, Midcap and Small cap are trading mixed today, Midcap is higher by 0.19% while Small cap is lower by just 0.04% as we write this. On sectoral front, Health care is the top gainer to add 1.49% while on down side, power is the worst counter to trade lower by 1.48% as we write this.
Further the market breadth stands neutral with one stock is seen advancing against each declining stock.
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Closing Summary, Market Synopsis: 25th August, 2014

The market lost shine in last hour of trade especially after the Supreme Court order on coal block allocation case. The Sensex rallied more than 200 points intraday to hit a new high of 26630.74 but failed to maintain those gains, up 17.47 points to 26437.02 at close. Nifty too erased all its gains but managed to hold the 7900 level, down 6.90 points to 7906.30. The market breadth stands negative with 587 shares advancing against 973 declining shares. On BSE, Mid Cap and Small Cap ended in red with declines of 0.63% and 0.35% respectively.

Commodity Market Update (Gold)

Gold fell toward a two-month low, extending two weeks of losses, as investors assessed whether the US economy is strong enough for the Federal Reserve to raise rates. Silver sank to the lowest in more than 10 weeks. Actively traded Gold contract is trading at 1276.50, down 2.80 points or 0.22% while Silver is easing 0.24% to trade at 19.34 an ounce. WTI Crude Oil is trading flat at 93.60 with negative bias. NYMEX Natural Gas is adding around a percent or 3 cents to trade at 3.871 after having tested a high of 3.876 per mmbtu. On COMEX, Copper is trading flat at 3.205. LME closed in observance of Summer Bank Holiday.

Morning Summary, Market Synopsis: 25th August, 2014

Equity benchmarks opened higher despite mixed global cues. The 30-share BSE Sensex rose 129.62 points to 26549.17 and the 50-share NSE Nifty touched a record high of 7942, up 26.65 points at 7939.85. The Indian rupeeopened marginally lower at 60.55 per dollar on Monday as against Friday's closing value of 60.47 a dollar. Globally, US Fed chairman Janet Yellen marked a mild departure from her ultra dovish stance at Jackson Hole saying the economy is getting closer to the central bank’s goals on full employment and stable inflation. Wall Street ended mixed while the dollar is back at 11-month high. On BSE, midcap and smallcap were higher by 0.36% and 0.53% respectively. On sectoral front, IT is the best performer to gain 0.75% and Metal is lower by 0.73%.
Further the market breadth stands positive with 1388 shares are seen advancing against 832 declining shares.

Morning Summary, Market Synopsis: 22nd August, 2014

The market has opened marginally higher. The Sensex is up 71.56 points 26431.67 and the Nifty up 13.45 points at 7904.55. The Indian rupee opened higher by 18 paise on Friday at 60.49 per dollar versus 60.67 Thursday. The dollar is hovering just below its 2014 peak against a basket of major currencies. Global markets are awash with positive sentiment as the S&P 500 hit a new record as a host of US economic data positively surprised amidst optimism that Federal Reserve chairman Janet Yellen will continue to maintain a dovish stance in her speech at Jackson Hole today. Asian and the European markets both were is positive in trade. On BSE, midcap and smallcap are trading up by 0.31% and 0.26% respectively.
Further the market breadth stands positive with 1265 shares are seen advancing against 942 declining shares.

Closing Summary, Market Synopsis: 21st August, 2014

Equity benchmarks bounced back with marginal gains on Thursday after profit booking in previous session. Banks consistently supported the market today while power, metals and technology stocks lost ground. The 30-share BSE Sensex rose 45.82 points to 26360.11 and the 50-share NSE Nifty climbed 15.80 points to 7891.10 while the BSE Midcap and Smallcap indices gained 0.5 percent and 0.3 percent, respectively. The market breadth stands positive with 1662 shares are seen advancing against 1361 declining shares.

Commodity Market Update

CMX Gold fell to a two-month low in the longest run of declines since June on the back of outlook for higher US interest rates that strengthened the dollar. CMX Gold tested a low of 1274.10 before settling at 1280.40, plunged more than a percent or 13.90 points and Silver dropped a percent or 20 cents to trade at 19.30 after having tested a low of 19.285 an ounce. WTI Crude Oil is trading down 0.71% or 66 cents to trade at 92.80 after having tested a low of 92.50 whereas Natural Gas is surging around 2% or 7 cents to trade at 3.896 per mmbtu. Base metals are losing on the London Metal Exchange as investors locked their profits after the last night’s sharp rally and a weaker than the expected economic releases from the China. 3-month Copper is losing 0.50% or 35.25 points to trade at 6982.75 after having tested a low of 6973.50 and Zinc is down more than half a percent or 13.50 points to trade at 2344.50, followed by rest of the metals which are declining around 0.40% each.

Morning Summary, Market Synopsis: 21st August, 2014

The market has opened on flat note as investors release minutes of the latest FOMC meeting. The Sensex is up 10.15 points at 26324.44 and the Nifty is down 1.15 points at 7874.15. The Indian rupee opened marginally lower at 60.69 per dollar as against previous day's closing value of 60.61 a dollar. The dollar was trading at 11-month highs against a basket of major currencies after minutes of the Federal Reserve's July meeting sounded slightly hawkish. On BSE, Midcap and Smallcap are trading up by more than a percentage each.
Further the market breath stands positive with 1600 shares are seen advancing against 662 declining shares.

Closing Summary, Market Synopsis: 19th August, 2014

Key benchmark indices rose to their second consecutive record high on Tuesday as blue-chips such as Tata Motors, ICICI Bank gained on positive institutional inflows, while oil retailers surged after Brent crude prices hovered near 14-month lows. The broader Nifty rose as much as 0.56 percent to 7,918.55, while the benchmark BSE Sensex gained as much as 0.53 percent to 26,530.67, surpassing their previous all-time highs hit on Aug. 18.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 37 advances to 13 declines.

Closing Summary, Market Synopsis: 20th August, 2014

The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips companies. The falls ended a six-day rally, the longest winning streak since an eight-session run in mid-July. CNX Nifty shut shop at 7875, down by 22 points.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 19 advances to 29 declines, 2 unchanged.

Commodity Market Update,

The market opened higher with marginal gains on Wednesday. The Sensex rose 35.81 points to 26456.48 and the Nifty advanced 8 points to 7905.50. The Indian rupee slipped in early trade on Wednesday. It opened lower by 17 paise at 60.84 per dollar versus previous day's closing value of 60.67 a dollar. Global cues are positive as the US markets extended gains on Tuesday on optimism that the Federal Reserve will keep rates lower for longer. The S&P 500 is less than half a percent from its all-time high. On BSE, Midcap and Smallcap are trading up with Midcap gaining 0.29% while Small cap is up by 0.80% as we write this. On sectoral front, Health care remains up by 1.42%, to be the best performer while on downside, FMCG is lower by 0.38%, followed by other laggards.

Further, the market breath stands positive with 1248 shares are seen advancing against 726 declining shares.

Morning Summary, Market Synopsis: 20th August, 2014

The market opened higher with marginal gains on Wednesday. The Sensex rose 35.81 points to 26456.48 and the Nifty advanced 8 points to 7905.50. The Indian rupee slipped in early trade on Wednesday. It opened lower by 17 paise at 60.84 per dollar versus previous day's closing value of 60.67 a dollar. Global cues are positive as the US markets extended gains on Tuesday on optimism that the Federal Reserve will keep rates lower for longer. The S&P 500 is less than half a percent from its all-time high. On BSE, Midcap and Smallcap are trading up with Midcap gaining 0.29% while Small cap is up by 0.80% as we write this. On sectoral front, Health care remains up by 1.42%, to be the best performer while on downside, FMCG is lower by 0.38%, followed by other laggards.

Further, the market breath stands positive with 1248 shares are seen advancing against 726 declining shares.

Commodity Market Update

Precious metals on CMX are trading silent since morning with Gold trading at 1300.40, up 2.0 points or 0.20% an ounce while Silver tested a high of 19.69 before settling at 19.645, up a cent an ounce. WTI Crude Oil is trading higher due to short coverings after the last session’s steep decline. Light Sweet Crude Oil futures rose 27 cents or 0.28% to trade at 96.68 after having tested a high of 97.05 while Natural Gas is trading at 3.815, up more than half percent or 3 cents per mmbtu. Base metals are surging on LME ahead of US economic releases which are expecting better than the previous figure. 3-month Aluminum climbed 1.24% or 25 points to trade at 2038.75, leading the metals group while Copper is trading at 6910.75, up 15.75 points or 0.23% per metric ton.

Morning Summary, Market Synopsis: 19th August, 2014

Equity benchmarks opened half a percent higher on Tuesday with the Nifty rising above 7900 level supported by positive global cues, and capital goods, oil & gas, banks and metals stocks. The Sensex rose 124.85 points to 26515.81 and the Nifty climbed 35.95 points to 7910.20. After four days of holiday, the Indian rupee opened on flat note at 60.77 per dollar on Tuesday against last Thursday's closing value of 60.76 a dollar. Global markets, meanwhile, rallied on de-escalation of geopolitical risk. The S&P 500 is now within one percent of an all-time high. European markets too saw over 1 percent gain. Asian markets gained strength with the Nikkei, Kospi and Taiwan rising around a percent. On BSE, midcap and Small cap are trading up by 0.66% each. On sectoral front, Capital Goods is the top gaining counter to add 0.95% while on the flipside, Consumer durable leads the laggards with a decline of 0.29% as we write this.
Further the market breath stands positive with 1276 shares are seen advancing against 846 declining shares.

Closing Summary, Market Synopsis: 18th August, 2014

Key benchmark indices rose over 1 percent on Monday to a record high as blue-chips such as ICICI Bank, Reliance Ind surged after Prime Minister Narendra Modi vowed to fire up the bureaucracy to deliver results, whileeasing wholesale inflation also helped.

The broader 50-share index rose as much as 1.14 percent to 7,880.50, surpassing its previous all-time high of 7,840.95 hit on July 25. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 42 advances to 8 declines.

Morning Summary, Market Synopsis: 18th August, 2014

After a long weekend, the market has opened on a flat note. The Sensex is up 20.46 points or at 26123.69 and the Nifty is down 6.45 points at 7785.25. The money market is shut today, due to festivals. Global cuesare negative as the Wall Street turned volatile on Friday as geopolitical tensions rose. The S&P 500 managed to pare losses and close flat and Asia is mixed in morning trade. On BSE, midcap and smallcap are trading higher by 1% and 1.42% respectively. On sectoral front, Capital Goods is trading higher by 1.43%, to be the best performer while on downside FMCG is the worst performer to ease 0.87% as we write this.
Further, the advance decline ratio stands positive with 1438 shares are seen advancing against 668 declining shares.

Closing Summary, Market Synopsis: 14th August, 2014

Key benchmark indices edged higher after seeing volatility during the second half of the trading session. Nifty shut shop at 7791.7, up by 52 points. The key trigger for today's gains was weaker-than-expected US retail sales data which reinforced speculation that the Federal Reserve won't rush to raise rates. The Fed has kept short-term US interest rates near zero since December 2008, bolstering demand for emerging-market assets as investors seek higher yield. The market sentiment was boosted by data showing that foreign portfolio investors (FPIs) were net buyers of Indian stocks on Wednesday, 13 August 2014.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 38 advances to 12 declines.

Commodity Market Update

Precious metals are trading nominally higher today, the most actively traded Gold contract is at 1316.30, +0.16% and Silver is at 19.95 an ounce, adding more than half a percent as we write this. The short term outlook is neutral and we can see prices consolidating in a range. Oil and Natural Gas are at 97.29 and 3.81 respectively. Both are trading negative for, easing 0.30% and 0.39% respectively. Base metals on LME are trading in red at the time of writing this. Copper is lower by 0.2% at 6876.0 and Nickel is down by 0.34% at 18606.0. Intraday bias is negative for Base metals.

Closing Summary, Market Synopsis: 13th August, 2014

Key benchmark indices edged higher for a third consecutive session on Wednesday as a weak rupee boosted technology stocks such as Tata Consultancy Services Ltd although broader gains were capped after disappointing earnings from blue-chips including Bharat Heavy Electricals Ltd. The benchmark BSE Sensex provisionally gained 0.14 percent to 25,918.09, while the broader Nifty ended 0.16 percent at 7,739.55.

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

Morning Summary, Market Synopsis: 13th august, 2014

Equity benchmarks opened on a flat note on Wednesday after two-day strong rally. The Sensex declined 23.60 points to 25857.17 and the Nifty fell 7 points to 7720.05. Indian rupee also edged higher to open with a gap around 61.41 and is consolidating near the same level. On BSE, midcap and smallcap are trading lower by 0.43% and 0.38% respectively. On sectoral front, FMCG is the best performer to gain 1.45% while Realty is the worst performer to ease 1.90% as we write this.
Further the market breath stands negative with 1014 shares are seen advancing against 1215 declining shares

Closing Summary, Market Synopsis: 12th August, 2014

Key benchmark indices posted its biggest daily gain since June 6, gaining for a second consecutive session after Tata Motors Ltd raised confidence about corporate earnings by saying it had tripled its net profit in the April-June quarter. The benchmark BSE Sensex provisionally rose 1.4 percent to end at 25,880.77 points. The broader Nifty rose 1.3 percent to end at a provisional 7,727.05 points, its biggest daily percentage gain since June 30.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 44 advances to 6 declines.

Commodity Market Update (Silver)

Precious metals on CMX are trading silent since morning with Gold trading at 1312.10, up 2.40 points or 0.18% while Silver futures tested a high of 20.155 before settling in red at 20.085, down a cent an ounce. WTI Crude Oil is losing 0.66% or 65 cents to trade at 97.43 after having tested a low of 97.10 per barrel while Natural Gas is up 2 cents or 0.40% to trade at 3.98 per mmbtu. On LME, Base metals are trading higher on the back of a weaker dollar against the other currencies. 3-month Zinc jumped around 1.5% or 32.25 points to trade at 2340.50 while Nickel is gaining 215 points or 1.15% to trade at 18935.00. LME Copper is trading at 7016.25, up 20 points or 0.29%, followed by rest of the metals.

Morning Summary, Market Synopsis: 12th August, 2014

Equity benchmarks started off Tuesday's trade on a strong note supported by banks, metals, oil & gas and auto stocks. The Sensex rose 183.95 points or 0.72 percent to 25703.19 and the Nifty advanced 45 points or 0.59 percent to 7670.95. The Indian rupee was unchanged at 61.17 per dollar in opening trade on Tuesday compared to previous day's closing value. On the global front, Asian markets remained mixed in trade while US stocks closed higher for a second straight session in light volume trading as investors looked for signs of easing in geopolitical tensions. On BSE, Midcap and Smallcap are trading up by 0.49% and 0.69% respectively. On sectoral front, Auto is the top gainer to add 1.71% while IT is down by 0.27% as we write this.
Further the market breath stands positive with 1213 shares are seen advancing against 657 declining shares.