Morning Summary, Market Synopsis: 11th September, 2014

The market continued to trade in a positive terrain with the Sensex rising 44.85 points to 27102.26 and the Nifty gaining 19 points to 8113.10 while the broader markets outperformed benchmarks smartly. The BSE Midcap and Smallcap indices climbed 1 percent each. The Indian rupee opened with a marginal gain of 8 paise at 60.86 per dollar against 60.94 previous day close. The dollar hit a six-year high against the yen. Meanwhile the euro continues to trade below 1.30 to the dollar. Asian markets were trading mixed. In the US, stocks rose, rebounding after the S&P 500's largest decline in a month, with social-media shares helping lift the technology sector and as investors pondered when the Federal Reserve would start hiking interest rates.
Further, the market breadth stands positive with 1811 shares are seen advancing against 604 declining shares.