Closing Summary, Market Synopsis: 29th September, 2014

Key benchmark indices edged higher on Tuesday as blue-chips rose on hopes that upcoming earnings and auto sales will show the economy remains on the mend, while the Reserve Bank of India's (RBI) decision to keep interest rate unchanged had little impact. Nifty edged higher for the month, posting its fifth consecutive monthly gain, Nifty shut shop at 7964.8 up by 5.9 points.

The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 24 advances to 26 declines.

Morning Summary, Market Synopsis: 29th September, 2014

The market has once again opened on a flat note ahead of RBI's monetary policy. The Sensex is down 6.91 points at 26590.20 and the Nifty down 10.10 points at 7948.80. The Indian rupee opened marginally lower at 61.60 per dollar as against previous day's closing of 61.53 a dollar. The dollar was hovering at a four-year peak against a basket of major currencies on track to post its biggest monthly gain in well over a year. On Global front, Asian markets slipped on Tuesday amid caution over developments in Hong Kong and as investors focused on data in China and Japan. On BSE, Mid Cap is gaining around half a percent while Small Cap is also up half a percent. On sectoral front, BSE Consumer Durables is leading the sector, up 1.64% while BSE IT is losing 0.74% to trade at 10636.66.

Morning Summary, Market Synopsis:25th September, 2014

The market has opened flat on August F&O expiry day. The Sensex is up 53.48 points at 26798.17 and the Nifty is up 10.80 points at 8013.20. The Indian rupee opened flat at 60.92 per dollar against previous day's closing of 60.96. Among global markets, US markets rebound after a three-day slump as new-home sales climbed to a six-year high. Europe too ends in the green. Shares closed up after wavering throughout the day, as weak economic data from Germany fueled European Central Bank stimulus hopes. On BSE, Midcap and Smallcap are trading lower with 0.65% and 1.04% each.
Further the market breadth stands negative with 723 shares are seen advancing against 1435 declining shares.

Closing Summary, Market Synopsis: 24th September, 2014

Key benchmark indices fell for a second straight day as resources firms such as Jindal Steel and Power Ltd, and public sector lenders that lent to them, slumped after the Supreme Court cancelled most coal blocks allocated since 1993. The Sensex provisionally fell 0.12 percent to 26,744.69 points, while the Nifty ended 0.19 percent lower at 8,002.40 points.  Foreign portfolio investors (FPIs) sold shares worth a net Rs 1185.17 crore yesterday, 23 September 2014, as per provisional data.

The market breadth indicating the overall health of the market was negative. In Nifty50 stocks, the advance to decline stood at 22 advances to 27 declines, 1 unchanged.

Commodity Market Update (Crude Oil)

Gold and Silver on COMEX are trading mixed with Gold trading at 1221.90, up 0.90 points after having tested a high of 1225.50 while Silver is losing around half a percent to trade at 19.695 an ounce. WTI Crude Oil is trading silent with negative bias as traders are waiting for tonight’s Oil stockpiles report. Light Sweet Crude Oil futures, near month contract is trading at 91.56 while Natural Gas is trading at 3.826, up a cent or 0.26% per mmbtu. On LME, Base metals are trading mixed since morning with Copper trading at 6709.75 after having tested a high of 6769.50 while Zinc is up 7.25 points or 0.32% to trade at 2263.75 after having tested a high of 2278.00 per metric ton.

Morning Summary, Market Synopsis: 24th September, 2014

After the deep cuts yesterday, the market has opened on flat note Wednesday. The Sensex is up 24.52 points at 26800 and the Nifty is up 10.30 points at 8027.85. The Indian rupee opened with a marginal loss at 61.03 per dollar versus 60.94. Globally, the US markets closed in the red on global growth concerns with the S&P 500 and Nasdaq closing at five-week lows. European market too saw cuts of 1-2 percent and Asian equities are tracking global losses trading negative in morning trade. On BSE, Midcap and Smallcap are trading lower today. Midcap is down by 0.39% and Smallcap is lower by 0.08% as we write this.
Further the market breadth stands positive with 938 shares are seen advancing against 1055 declining shares.

Closing Summary, Market Synopsis: 23rd September, 2014

Key benchmark indices posted its biggest single-day fall in about two-and-a-half months as blue-chips tracked weaker global shares on disappointment over European manufacturing data and concerns about an unemploymentmeasure in a survey in China. The benchmark BSE Sensex closed 1.58 percent lower at 26,775.69, while the broader Nifty also fell 1.58 percent to 8,017.55.

The market breadth indicating the overall health of the market was negative. In Nifty50 stocks, the advance to decline stood at 6 advances to 44 declines.

Morning Summary, Market Synopsis: 23rd September, 2014

Equity benchmarks started off Tuesday's trade on a flat note with the Sensex rising 32.39 points to 27239.13 and the Nifty advancing 9.10 points to 8155.40. Indian rupee has opened lower by 13 paise at 60.94 per dollar on Tuesday compared to previous day's closing value of 60.81 a dollar. Asian markets were trading in the red in early trade after China released better-than-expected factory activity. Trade, however, is quiet with Japanese markets being shut for Autumnal Equinox Day. On BSE, midcap and Smalcap are trading higher with midcap up by 0.11% and Smallcap is higher by 0.40% as we write this.
Further the market breadth stands positive with 1144 shares are seen advancing against 875 declining shares.

Closing Summary, Market Synopsis: 22nd September, 2014

Key benchmark indices rose modestly on Monday to notch their fourth consecutive session of gains, led Tata Motors and ITC, although the mood was broadly cautious. Fall in global crude oil and industrial metal prices triggered a strong intraday rebound on the domestic bourses at the onset of the week. A bout of volatility was witnessed in late trade as key benchmark indices trimmed gains after extending intraday gains. The CNX Nifty was up 24.85 points or 0.31% at 8,146.3, as per provisional figures. The index hit a high of 8,159.90 in intraday trade.

The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 20 advances to 29 declines & 1 unchanged.

Commodity Market Update (Gold)

Precious metals are trading lower today, Gold is down by 0.13% at 1215.00 and Silver is trading down by 0.89% at 17.69 an ounce. The near term outlook is bearish and we can see prices easing further lower incoming days. On base metals, prices slipped sharply lower today with LME lead declined more than 1.75% or 36 points to 2053.00 and Copper is lower by 1.34% at 6736.00. On NYM, Crude Oil and Natural gas prices are trading in red with Crude Oil at 91.90 per barrel, -0.55% while Natural gas is lower by 0.13% at 3.82 per mmbtu.
Outlook for commodity market remains negative and we can see decline in prices. Base Metals and precious metals are looking much negative.

Morning Summary, Market Synopsis: 22nd September, 2014

The market has kick started the week on a weak note. The Sensex is down 144.25 points at 26946.17 and the Nifty is down 37.00 points at 8084.45. The Indian rupee opened flat at 60.85 per dollar versus 60.81 on Friday.The dollar rose against a basket of major currencies on Friday as investors bet that US interest rates would rise more quickly than expected. On BSE, Midcap and Small cap are trading up by 0.17% and 0.45% respectively, as we write this. On sectoral front, Consumer durable is trading up by 1.45% and metal is the worst performing sector to ease 1.26%, at the time of writing this.
Further the market breadth stands positive with 1281 shares are seen advancing against 989 declining shares.

Closing Summary, Market Synopsis:

Key benchmark indices rose for a third consecutive session on Friday, hitting its highest in about 1-1/2 weeks, lead by IT shares on hopes of being better placed to weather any Fed-related volatility. The Nifty provisionally gained 0.08 percent while the benchmark BSE Sensex closed 0.08 percent lower, after both earlier marked their highest intraday levels since Sept. 9.

The market breadth indicating the overall health of the market was negative. In Nifty50 stocks, the advance to decline stood at 26 advances to 24 declines.

Commodity Market Update (Copper)

CMX Gold and Silver are trading lower since morning with Gold trading at 1222.30, down 3.60 points or 0.29% after having tested a low of 1217.90 an ounce and Silver futures eased 6 cents or 0.31% to trade at 18.46 after having tested a low of 18.415 an ounce. NYMEX Crude Oil is trading down and continues its last night’s free fall to 92.34 level before settling at 92.74, down 0.35% or 33 cents per barrel. NYMEX Natural Gas is losing around half a percent or 2 cents to trade at 3.893 per mmbtu. Base metals are trading mixed and flat. LME Zinc tested a high of 2282.00 before settling at 2257.50, up 0.75 points while Copper is trading lower at 6831.75, down 2.50 points.

Morning Summary, Market Synopsis: 19th September, 2014

After a massive rally, the market has opened on a flat note. The Sensex is up 35.80 points at 27148.01 and the Nifty is up 14.65 points at 8129.40. The Indian rupee opened marginally higher at 60.77 per dollar on Friday against yesterday's close of 60.83 a dollar. Global markets ended higher with the Dow and S&P 500 closing at record peaks in a Fed fueled rally. Meanwhile, Asian markets opened in the green with Japan's Nikkei at fresh 2014 high. On BSE, midcap and Small cap are higher by 0.72% each.
Further the market breadth stands positive with IT performing the best with a gain of 1.46% and on down side Capital Goods is the worst performing sector to ease 0.30% as we write this.

Closing Summary, Market Synopsis: 18th September, 2014

Key benchmark indices surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals. Traders cited speculation of strong inflows into India, with investors noting the country could better weather any Fed-related volatility due to a recovery in domestic economy and the government's efforts to rein in deficit. The Nifty rose 1.75 percent, or 139.25 points, to end at 8,114.75, closing above the psychologically important 8,100 level.

The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 46 advances to 4 declines.

Morning Summary, Market Synopsis: 18th September, 2014

The market has opened in red after Fed Reserve Chairman Janet Yellen's clarification that the timing of rate hikes will be highly conditional and based on the Fed's assessment of the economy. The Sensex is down 85.21 points at 26546.08 and the Nifty is down 24.85 points at 7950.65. The Indian rupee slipped in the opening trade. It fell by 18 paise to 61.10 per dollar versus previous day's closing value of 60.92 a dollar. Globally, US stocks rose, with the Dow ending at a record and the S&P 500 back above 2,000 after the comments from Federal Reserve. On BSE, midcap and Smallcap are trading higher by 1.14% and 1.87% respectively. On sectoral front realty is the top gainer to add more than 2% while on downside, IT is the only sector to perform lower. Further the market breadth stands positive with 1625 shares are seen advancing against 471 declining shares.

Closing Summary, Market Synopsis: 17th September, 2014

Key benchmark indices rose on Wednesday, recovering from nearly 2-1/2 week lows hit in the previous session, as hopes the U.S. Federal Reserve would keep its stimulus measures boosted exporters such as Infosys Ltd (INFY.NS) and other blue chips Shares, along with their Asian counterparts, also benefited after China's central bank injected $81 billion into banks to stimulate the world's second-largest economy. The Sensex provisionally closed 0.52 percent higher, while the broader Nifty gained 0.54 percent.

The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 34 advances to 16 declines.

Commodity Market Update (Crude Oil)

Precious metals on COMEX are trading silent since morning ahead of Federal Reserve’s economic projection where policymaker may keep their interest rate. Actively traded Gold contract is trading at 1236.00, up 0.20 points after having tested a high of 1238.40 while Silver is trading down around half a percent or 8 cents to trade at 18.645 an ounce. Base metals are losing on LME after the last night sharp gain as China boosts stimulus to support growth. 3-month Nickel is losing most of the ground, plunging around 1.5% or 237 points to trade at 18068.00 while Aluminum, Lead and Zinc are down 1.30% each to trade at 2010.00, 2110.00 and 2268.75 respectively. Ti Crude Oil is trading flat at 94.88 ahead of weekly Oil stockpiles report tonight whereas Natural Gas is trading at 3.973, down 0.55% or 2 cents per mmbtu.

Morning Summary, Market Synopsis: 16th September, 2014

After a massive cut the market has managed to gather some steam on back of positive global cues as Fed has said it doesn't expect to raise rates until 2015. The Sensex is up 156.61 points at 26649.12 and the Nifty is up 45.20 points at 7978.10. The Indian rupee opened higher by 8 paise at 60.97 per dollar on Wednesday versus previous day's closing of 61.05 a dollar. Globally, Wall Street stocks jumped, lifting the Dow industrials to a record, as oil and other commodities surged on a report that China's central bank would increase stimulus and on the view that the Federal Reserve would not rush to hike rates. On BSE, midcap and smallcap are trading mixed with midcap down b 0.15% and Smallcap is trading higher by 0.13% as we write this.
Further the market breadth stands neutral with one stock is seen advancing against each declining shares.

Morning Summary, Market Synopsis: 17th September, 2014

The market is looking listless with the Nifty hanging below 8050, down 10.35 points at 8031.65. The Sensex slips 37.06 points at 26779.50. Speculation that the Fed could raise interests sooner and faster than previously expected have rattled many share markets around the global and supported the US dollar. The Fed's Open Market Committee will begin its regular two-day policy meeting later on Tuesday, and investors will be scanning the outcome for clues on the timing of the first US rate hike in more than eight years. On BSE, midcap and smallcap are trading higher by 0.39% and 0.69% respectively. On Sectoral front, realty is higher by 1.50% to be the top gainer while on the flipside, oil and Gas is the worst trading counter till now.
Further the market breadth stands positive with 1474 shares are seen advancing against 872 declining shares.

Commodity Market Update (Silver)

Precious metals are trading slightly higher today, the active contract is at 1239.60 +0.36% and Silver is at 41637.00, up by 0.57%. The overall outlook is negative but we can see a nominal pullback in Gold. Base Metals are lower with Copper trading at 6848.00 along with all other metals. Zinc is lower by 0.48% and Nickel is down by 0.39% at 2245.00 and 18050.00 respectively. Crude Oil and Natural Gas prices are trading in red too. Crude oil is at 92.88, -0.66% and Natural gas is at 3.90, lower by 0.29% as we write this.

Closing Summary, Market Synopsis: 15th August, 2014

Key benchmark indices fell nearly 1 percent on Monday, posting their biggest single-day decline in nearly five weeks as blue chips declined on anxiety after China's factory output slowed and caution ahead of the Federal Reserve meeting this week. On domestic front India's WPI in August eased to 3.74 percent, its lowest level in nearly five years and core CPI fell sharply by around 50 basis points on month, raising hopes of at least positive rate outlook in Reserve Bank of India's policy review on Sept. 30. The broader Nifty lost 0.78 percent, or 63.50 points, to end at 8,042, its lowest close since Sept. 1.

The market breadth indicating the overall health of the market was positive. In Nifty50 stocks, the advance to decline stood at 11 advances to 39 declines.

Commodity Market Update (Gold)

Gold and Silver are advances for the first time in four days in CME on speculation that a decline to an eight-month low will spur more purchases. Actively traded Gold contract tested a high of 1238.00 beforesettling at 1235.80, up 4.30 points or 0.35% and Silver is trading at 18.68, gaining around half a percent or 8 cents to trade at 18.68 after having tested a high of 18.71 an ounce. WTI Crude Oil is continuing its last week decline and trading in red at 91.32, down more than a percent or 94 cents after having tested a low of 90.63 per barrel while Natural Gas is trading up 0.80% or 3 cents to trade at 3.89 per mmbtu. Base metals fell to the lowest level in more than five months on signs demand growth is weakening in China, the biggest consumer of metals and on speculation US borrowing costs may rise next year. 3-month Aluminum is losing most of the ground, tumbling 1.35% or 27 points to trade at 2011.50, followed by rest of the metals which are down more or less a percent each.