Thursday 28 August 2014

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.

Photo: Morning Market Update:
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.

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