Closing Summary, Market Synopsis: 31st October, 2014

Key benchmark indices surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boostingblue-chips shares. The 30-share Sensex rose as much as 1.96 percent to an all-time high of 27,894.32, while the Nifty gained as much as 1.97 percent to mark a record high of 8,330.75, surpassing their previous highs hit on Thursday.
The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 45 advances to 5 declines

Morning Summary, Market Synopsis: 31st October, 2014

The market starts November series on a stellar note. The Nifty hit 8200 for the first time, up 32.15 points while the Sensex is up 92.73 points at 27439.06. The dollar held at four-week highs against a basket of majorcurrencies, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy. US stocks jumped on Thursday with the Dow leading gains by over 1 percent following strong data releases. Third-quarter gross-domestic product (GDP) rose 3.5 percent, beating expectations, while a separate report showed that the underlying trend for first time weekly jobless claims is at its lowest level since 2000. On BSE, Midcap and Small cap are trading higher by more than a percent each. On Sectoral front, Oil and Gas performed the best to gain 1.48% as we write this.
Further the market breadth stands 1554 shares are seen advancing against 604 declining shares.

Commodity Market Update (Natural Gas)

Precious metals fell to a three-week low as a stronger dollar curbed demand after the Federal Reserve ended its asset-purchase program because of an improving labor market. Actively traded Gold contract tested a low of 1201.10 before settling at 1204.40, tumbling around 1.70% or 20.50 points and Silver is plunging over 2.25% or 40 cents to trade at 16.855, after having tested a low of 16.77 an ounce. WTI Crude Oil retreated from a one-week high after government data showed crude stockpiles rose as output surged to a record high in the US. Front month Crude Oil futures is losing over 1% or 86 cents to trade at 81.35 while Natural Gas is trading flat at 3.788 per mmbtu. With the exception of Zinc, base metals were trading lower but later on recovered some of losses. 3-month Nickel tested a low of 15336.00 before settling at 15465.00, down 1.12% or 175 points and leading the group. Copper prices dropped from one week high and trading flat at 6763.00 per metric ton.

Morning Summary, Market Synopsis: 30 October, 2014

The Nifty has hit 8100 on October F&O expiry day. The 50-share index is up 10.45 points at 8100.90. The Sensex is up 40.25 points at 27138.42. The Indian rupee slipped in early trade. It has opened lower by 16 paise at 61.51 per dollar against previous day close of 61.35. US stocks closed with slight losses, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in US economic prospects. On BSE, midcap and small cap are trading up by 0.20% and 0.27% respectively.
Further the market breadth stands positive with 1share is seen advancing against each declining share.

Commodity Market Update (Crude Oil)

Precious metals are trading flat with no major changes recorded yet. The actively traded Gold contract is at 1228.90, lower by 0.04% and Silver is at 17.25 an ounce, -0.12% as we write this. The overall outlook is still neutral but we expect volatility ahead of FOMC meeting. Base metals on LME are in green with gaining the most by 0.83% to 15740.00, followed by all other metals. On NYMEX Crude Oil is trading up by 0.53% at 81.84 and Natural Gas is lower by 0.16% at 81.84 and 3.64 respectively.

Morning Summary, Market Synopsis: 28th October, 2014

The market has once again opened higher. The Nifty is inching closer to 8100, up 49.45 points at 8077.05. The Sensex is up 172.73 points at 27053.55. The Indian rupee opened marginally higher at 61.25 per dollar against 61.32 Tuesday. In the US, stocks rose, with the Dow industrials extending gains into a fourth day and the S&P 500 and Nasdaq composite higher on the month, as investors embraced corporate earnings, a rise in consumer sentiment and anticipated the end of the Federal Reserve's bond buys. On BSE, midcap and small cap are trading in green with gains of 0.46% and 0.85% respectively. On sevtoral front, the top gaining sector is Realty with gains of 1.19% while on other hand, Bankex and power are trading nominally lower as we write this.
Further the market breadth stands positive with 1415 shares are seen advancing against 641 declining shares.

Commodity Market Update (Silver)

Precious metals on COMEX are trading silent since morning with Gold trading at 1228.10, down 1.30 points or 0.11% while Silver is gaining more than half a percent or 9 cents to trade at 17.245 an ounce. With the exception of Zinc, Base metals are trading higher on LME. Nickel is leading the group, surging more than 2.5% or 375 points to trade at 15075.00 while Aluminum tested a high of 2004.00 before trading in green at 1994.50. up 15.75 points or 0.80% and Copper is up 23.25 points or 0.35% to trade at 6753.25 per metric ton. WTI Crude Oil is trading lower for the third consecutive day due to ample of supply for this energy complex and Natural Gas is trading at 3.572, up a cent or 0.31% per mmbtu.

Morning Summary, Market Synopsis: 28th October, 2014

Equity benchmarks maintained early gains with the Sensex rising 82.79 points to 26835.69 and the Nifty climbing 23.75 points to 8015.45. The broader markets gained marginally too with the BSE Midcap and Smallcap indices advancing 0.4-0.5 percent. The Indian rupee opened flat at 61.33 per dollar versus 61.31 Monday. The US dollar nurses modest losses, on expectations of more dovish comments from the Federal Reserve. In the US, stocks closed little changed, after the market's best week of the year, as investors tracked the cost of crude as a proxy for the health of the global economy and sorted through quarterly earnings.
The market breadth stands positive with 1193 shares are seen advancing against 906 declining shares.

Closing Summary, Market Synopsis: 27th October, 2014

Key benchmark indices fell on Monday, retreating from a more than one-month high hit earlier in the session as investors booked profits after recent strong gains, while consumer goods maker Hindustan Unilever slumped after it warned the country's consumer spending will remain weak in the near term. The broader Nifty lost 0.29 percent, or 22.85 points, to end at 7,991.70, closing below the psychologically important 8,000-level.
The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 20 advances to 30 declines.

Commodity Market Update (Gold)

Precious metals are trading lower with Gold trading 1230.40, -1.50 points or 0.14% and Silver is trading at 17.19 an ounce, nominally higher by 0.05%, as we write this. The outlook is negative and we can see prices drifting lower in coming hours. Support for Gold is places at 1225.00 and that for silver is at 17.10 level. Base metals are in red with Copper remains the exception to trade flat while all other metals are trading lower. Copper is at 6685.50, Nickel is the worst performer to ease as much as 0.87%. Crude Oil and Natural Gas on NYMEX are trading in green with Crude Oil at 81.06, +0.07% and Natural Gas is at 3.63, +0.39% as we write this..

Morning Summary, Market Synopsis: 27th October, 2014

The market continues its uptrend in first session after the auspicious Mahurat trading. The Sensex is up 106.15 points at 26957.20 and the Nifty is up 49.80 points at 8064.35. About 498 shares have advanced, 116 shares declined, and 27 shares are unchanged. The Indian rupee opened higher by 11 paise at 61.17 per dollar versus 61.28 Wednesday. The euro held firm in early trade after the European Central Bank's stress tests found smaller capital shortfalls among European Banks than expected. On BSE, Midcap and Smallcap are trading up by 0.18% and 0.24% respectively. On sectoral front, Bankex is trading up by 0.78% and Realty is the worst performer to ease as much as -2.64% as we write this.
Further the market breadth stands neutral with 917 shares are seen advancing against 919 declining stocks.

Wish you a Happy Diwali!

Closing Summary, Market Synopsis: 22nd October, 2014

The market ended pre-Diwali trading session on a strong note. The 50-share index closed the day at 8013.80, adding 67.40 points and Sensex futures ended at up by 181 points at 26825.50. On BSE, Midcap and Small cap finished in green with gaining 1.21% and 1.17% respectively. On sectoral front, all sectors witnessed positive closing with Auto performed as top gainer with recording a gain of almost 3%, followed by rest.

Further the advancing shares outnumbered declining shares with 1784 shares are seen advancing against 1031 declining shares.

Commodity Market Update: Crude Oil

CMX Gold is retreating from its six weeks high on speculation physical buying will slow and as investors weighed a stronger dollar. Actively traded Gold contract is trading at 1246.70, down around half a percent or 5 points and Silver is losing more than a percent or 19 cents to trade at 17.36 an ounce. With the exception of Nickel, Base metals rebound from almost three months low due to sustained manufacturing expansion in China. 3-month Aluminum is leading the group, adding a percent or 19 points to trade at 2005.75 after having tested a high of 2015.75 while Zinc tested a high of 2246.00 before settling at 2229.50, up half a percent or 11 points, followed by rest of the metals. Energy prices on NYMEX trading silent since morning with Crude Oil trading at 82.50 with positive bias and Natural Gas is trading at 3.703 with negative bias.

Morning Summary, Market Synopsis: 22nd October, 2014

The market is celebrating Diwali with some sparkling gains. The Sensex is up 233.40 points or 0.9 percent at 26809.05, and the Nifty is up 70.05 points or 0.9 percent at 7997.80. About 453 shares have advanced, 81 shares declined, and 6 shares are unchanged. The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day's closing value of 61.31 per dollar on hopes of strong trade in equity market. Meanwhile, the euro fell against the dollar on reports that the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the stagnating euro zone economy. On BSE, Midcap and smallcap are trading higher with midcap up by 1.04% and small cap rose 0.89% as we write this.

Further the market breadth stands positive with 1373 shares are seen advancing against 601 declining shares.

Closing Summary, Market Synopsis: 21st October, 2014

Closing Market Update:

Key benchmark indices rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks, Nifty shut shop at 7927.75 up by 48 points , closing above the psychologically important 7,900 level. Metal stocks got a boost after China's economy grew 7.3 percent in July-September, slightly above expectations.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 38 advances to 12 declines.

Commodity Market Update (Silver)

Precious metals are trading in green with Gold actively traded contract is at 1251.60 and Silver is at 17.46 an ounce. The near term outlook remains positive and we expect prices to trade higher for the day. Gold is currently trading up by 7 point an ounce and Silver is higher by 10 cents an ounce. With exception of Aluminum all other base metals are trading in red today, Zinc is lower by 1.11%, down by 24.5 points at 2176.50 and LME Nickel is at 15166.0, -100 points. Crude Oil and Natural Gas on NYM are trading higher with Crude Oil trading up by 0.86% at 83.42 and Natural gas is at 3.68, +0.27% as we write this.

Morning Summary, Market Synopsis: 21st October, 2014

After a strong rally, the market has opened tepidly on Dhanteras, a day considered auspicious for buying gold. The Sensex is up 59.32 points at 26489.17 and the Nifty is up 16.15 points at 7895.55. The Indian rupee opened marginally higher at 61.30 per dollar against previous close of 61.36. Major currencies traded in tight ranges with investors facing a vacuum of data and modest price changes in global markets. In US the stocks climbed, with the S&P 500 marking its longest winning run in a month, as Apple's quarterly results outdid disappointment that came with a reduced outlook from IBM. On BSE, midcap and smallcap are trading up near a percent each.
Further the market breadth stands positive with 1291 shares are seen advancing against 595 declining shares.

Closing Summary, Market Synopsis: 17th October, 2014

Key benchmark indices rose on Friday, led by mainly Banking & Finance stocks on value buying and hopes a likely win for the BJP in two recent state elections would help push key reforms. The gains, however, were notenough to avert a fourth consecutive weekly fall amid one of the most volatile spells in world markets in years. CNX Nifty shut shop 7779.7 up by 31.5 points.

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 (Copper)

Precious metals are trading lower today with actively traded contract is at 1238.10, lower by -0.24% and Silver is at 17.35 an ounce, down by 0.38% as we write this. The outlook is neutral and we can see range bound movement for the day. On base metals, LME copper is at 6565.00, -0.35% while lead is trading higher by 1.11% at 2010.0 level. Crude Oil and Natural gas are trading mixed with Crude Oil up by 1.50% at 83.98 and Natural gas is at 3.79, lower by 0.13% as we write this.

Morning Summary, Market Synopsis: 17th October, 2014

Equity benchmarks started of Friday's trade on a positive note post yesterday's sharp cut but it could not sustain those gains. It got back to consolidation mode with the Sensex rising 2.70 points to 26002.04, and theNifty falling 4.60 points to 7743.60. The Indian rupee has opened higher by 15 paise at 61.68 a dollar on Friday compared to previous day's closing value of 61.83 a dollar. On the global front, Asian markets were trading mixed with the Nikkei falling marginally. US stocks ended little changed, with the Dow industrials recouping much of a 206-point deficit, as investors balanced worries about global growth against mostly better-than-expected US earnings and economic reports. On BSE, midcap and small cap are lower by 0.18% and 0.27% respectively.

Closing Summary, Market Synopsis: 16th October, 2014

A sharp slide in European stocks and US index futures pulled key equity benchmark indices in India sharply lower. The Sensex and the 50-unit CNX Nifty, both, hit their lowest level in more than 9 weeks, Nifty shut shop at 7748, down by 116 points (-1.46%).Metal and capital goods stocks led today's decline. Foreign portfolio investors sold shares worth a net Rs 694.67 crore during the previous trading session on Tuesday.

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.

Commodity Market Update (Natural Gas)

Precious metals on CMX are trading in red in the early trade but later on it recovers some of losses and trading near its previous settlement as we write this. Actively traded Gold contract tested a low of 1237.70 before settling at 1243.00, down 2 points and Silver is down around half a percent or 7 cents to trade at 17.40 an ounce. WTI Crude slumped to almost $80 a barrel, trading near its lowest in more than two years amid speculation raising US supplies are exacerbating a global glut. NYMEX Natural Gas is trading flat at 3.804 with positive bias. Base metals plunged as signs of slowing economic growth from China to the US point to weakening demand for industrial metals. 3-month Zinc is losing most of the ground, dived over 2.5% or 60.25 points to trade at 2200.25 and Nickel is trading near its 8 months low of 15405.00, dropped 320 points or 2%, followed by rest of the metals which are decline around a percent each.

Morning Summary, Market Synopsis: 16th October, 2014

Key benchmark indices edged down on Tuesday, although broader losses were capped as Reliance Industries Ltd gained after better-than-expected earnings and lenders rose on easing inflation data. The Sensex closed 0.13percent lower, while the Nifty fell 0.3 percent. DLF Ltd (DLF.NS) plunged after the market regulator banned it from tapping capital markets, DLF shut shop at 105.8 down by almost 28%. The wholesale price index (WPI) rose an annual 2.38 percent last month, its slowest pace since October 2009, in August, wholesale prices rose 3.74 percent.

The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 23 advances to 26 declines & 1 unchanged.

Morning Summary, Market Synopsis: 14th September, 2014

Equity benchmarks gained half a percent in opening trade led by easing CPI inflation in September and better-than-expected numbers from Reliance Industries in Q2, but could not sustain those gains. The Sensex fell 45.99 points to 26338.08 and the Nifty declined 19.05 points to 7865.20 weighed down by technology, metals, private banking and financials stocks. The Indian rupee gained in the opening trade. It rose 15 paise to 60.93 per dollar versus previous day's closing value of 61.08 a dollar. On the global front, markets were in the red with the US markets slumping and the S&P 500 falling below its average from the past 200 days. Meanwhile, the CBOE VIX jumped 16 percent, the highest level since June 2012. Nikkei that opened after a day’s holiday tanked 2 percent on a strong yen. On BSE, midcap and small cap are trading higher by 0.40% and 0.53% respectively.
Further the market breadth stands positive with 1184 shares are seen advancing against 872 declining shares.

Closing Summary, Market Synopsis: 13th October, 2014

Key benchmark indices posted its biggest fall in 2-1/2 weeks on Friday, as blue-chips continued to be hit by concerns that weaker global markets would dent demand from foreign investors, although Infosys Ltd surged after earnings beat estimates. The benchmark Sensex closed down 1.28 percent at 26,297.38, declining for the fourth session in the past five. The index fell 1.02 percent for the week. The broader Nifty fell 1.26 percent to close at 7,859.95, falling 1.1 percent in the week.

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

Commodity Market Update (Copper)

Precious metals on COMEX are trading lower since morning after the last sessions’s steep gain on the back of weaker global economic outlook. Actively traded Gold contract tested a low of 1217.60 before settling at 1222.10, down 3.30 points or 0.30% an ounce and Silver is trading at 17.305, losing 0.65% or 11 cents after having tested a low of 17.205 an ounce. WTI Crude Oil tested two years low of 83.59 before settling at 84.74, fell 1.25% or 1.06 points while Natural gas is trading flat at 3.845 per mmbtu. Base metals are trading in red with Copper leading the laggards by decline over a percent. The bias remains negative for base metals

Morning Summary, Market Synopsis: 13th October, 2014

Equity benchmarks opened lower on weak global cues. The Sensex declined 119.37 points to 26178.01 and the Nifty fell 53.45 points to 7806.50. Globally, the US markets logged their worst week since May 2012 with benchmark indices ending in the red for the third straight week after Standard & Poor downgraded its outlook for France to negative from stable. Indian rupee opened almost flat today but drifted gradually lower to test a low of 61.41, till writing this. On BSE, Midcap and Smallcap are trading lower by 0.21% and 0.11% respectively. On sectoral front, the top gainer is IT with gains of 0.52% while the worst performer is realty which is lower by as much as 1.75% as we write this.

Further the market breadth stands negative with 853 shares are seen advancing against 1263 declining shares.

Closing Summary, Market Synopsis: 10th October, 2014

Key benchmark indices posted its biggest fall in 2-1/2 weeks on Friday, as blue-chips continued to be hit by concerns that weaker global markets would dent demand from foreign investors, although Infosys Ltd surged after earnings beat estimates. The benchmark Sensex closed down 1.28 percent at 26,297.38, declining for the fourth session in the past five. The index fell 1.02 percent for the week. The broader Nifty fell 1.26 percent to close at 7,859.95, falling 1.1 percent in the week.

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

Commodity Market Update (Copper)

Precious metals on COMEX are trading lower since morning after the last sessions’s steep gain on the back of weaker global economic outlook. Actively traded Gold contract tested a low of 1217.60 before settling at 1222.10, down 3.30 points or 0.30% an ounce and Silver is trading at 17.305, losing 0.65% or 11 cents after having tested a low of 17.205 an ounce. WTI Crude Oil tested two years low of 83.59 before settling at 84.74, fell 1.25% or 1.06 points while Natural gas is trading flat at 3.845 per mmbtu. Base metals are trading in red with Copper leading the laggards by decline over a percent. The bias remains negative for base metals