Tuesday, 26 August 2014

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.

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