Morning Summary, Market Synopsis: 9th September, 2014

After hitting record high yesterday, the market has opened in red. The Sensex is down 23.79 points at 27296.06 and the Nifty is down 14.35 points at 8159.55. The Indian rupee opened on a weak note and has slipped by 14 paise to 60.43 per dollar as against previous day's closing value of 60.29 a dollar. In the US, stocks mostly declined, with energy producers leading losses on oil's drop to a multi-month low, as investors retreated after a fifth week of gains. On BSE, midcap and Smallcap are also trading lower with midcap down by 0.20% and Smallcap is lower by 0.28%. On sectoral front, Auto is the only sector to show strength while all other sectors are in red with realty leading the laggards by a decline of 1.16% as we write this.

Further the market breadth stands neutral with one share is seen advancing against each declining share.