Closing Summary, Market Synopsis: 28th November, 2014

Key benchmark indices rose more than 1 percent to a record high, Nifty rose above 8,600 today, triggered due to steep slide in global crude oil prices last night. The Sensex also jumped 1.34 percent to a life high of 2,8822.37, CNX Nifty finally shut shop at 8588 up by 94 points (1.11%). Bank stocks surged on optimism falling oil prices will slow inflation and create room for the Reserve Bank of India (RBI) to cut interest rates.

India will release the July-September economic growth data later in the day, which probably slowed to 5.1 percent from a year ago, a poll showed. The Reserve Bank of India is due to hold its quarterly policy review on Dec. 2.The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 32 advances to 18 declines.

Market Synopsis, Morning Summary: 28th November, 2014

Equity benchmarks started of December series on a strong note with the Sensex and Nifty hitting an all-time highs led by banking and financials. The OPEC's decision of not to cut oil output pushed the market to new high. The 30-share BSE Sensex climbed 301.36 points or 1.06 percent to 28740.27 and the 50-share NSE Nifty jumped 89.15 points or 1.05 percent to 8583.35. Indian rupee has opened lower by 6 paise at 61.93 a dollar on Friday, compared to previous day's closing value of 61.87 per dollar. On the global front, Asian markets were mixed with the Japan's Nikkei rising a percent on a weaker yen and falling oil prices. On BSE, Midcap and small cap are trading up by 1.12% and 0.89% respectively.
Further, the market breadth stands positive with 1511 shares are seen advancing against 631 declining shares.

Commodity Market Update (Copper)

Precious metals are trading lower with Gold trading at 1182.70 and Silver is at 16.03 an ounce. The near term outlook is bearish and we expect prices to extend declines in coming hours. Base metals are trading in red with all the metals logging decline over a percent each. Copper is at 6480.00, -1.03%, as we write this. Energy prices are trading in red with Crude Oil lower by as much as 7% after the decision from OPEC to uncut oil production and Natural Gas is at 4.20, lower by 3.40% as we write this. Bias for today remains negative and further decline in all commodities are expected in coming hours.

Closing Summary, Market Synopsis: 27th November, 2014

Key benchmark indices edged up marginally on Thursday, led by buying in blue chips such as Infosys and Hindustan Unilever, while caution prevailed ahead of the release of economic growth data on Friday and the central bank's policy review due on Dec. 2. The expiry of the monthly derivatives contract on Thursday added to the lacklustre mood, Nifty shut shop at 8494, up by 18.45 points (0.22%).

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 29 advances to 21 declines.

Commodity Market Update (Natural Gas)

Precious metals on CMX are trading lower since morning as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Actively traded Gold contract tested a low of 1184.70 before settling at 1193.90, down 2.70 points or 0.23% while Silver is trading at 16.33, declining over 1.5% or 1.21 points after having tested a low of 16.12 an ounce. WTI Crude Oil is extending its decline to the multi years low ahead of OPEC’s meeting on today. Light sweet Crude Oil futures tumbling over 2% or 1.51 points to trade at 72.18 after having tested a low of 71.89 and Natural Gas is down around a percent or 4 cents to trade at 4.31 after having tested a low of 4.304 per mmbtu. With the exception of Aluminum, Base metals are trading in green as we write this. Copper is trading at 6584.75, up 8.50 points or 0.13%, followed by rest of the metals.

Morning Summary, Market Synopsis: 27th November, 2014

Equity benchmarks opened flat on Thursday, the expiry day for November series derivative contracts. The Sensex fell 13.62 points to 28372.57 and the Nifty declined 3.55 points to 8472.20. The Indian rupee opened marginally higher at 61.80 per dollar today compared to 61.84 a dollar on Wednesday. In the US, stocks gained, with the Dow and S&P 500 finishing at records, as investors considered reports on manufacturing and housing. On BSE, midcap and small cap are trading 0.36% and 0.52% respectively. On sectoral front, prices are trading mix with IT sector gaining the most by adding 0.50% and realty is trading lower by 0.58%, as we write this.
Further the market breadth stands positive with 1285 shares are seen advancing against 826 declining shares.
Regards,

Closing Summary, Market Synopsis: 26th November, 2014

Key benchmark indices edged up on Wednesday, gaining for a fourth session in five, led by blue chips on continued hopes the central bank would follow other countries such as Japan and China in easing monetary policy to boost economic growth. The Reserve Bank of India holds its policy review on next Tuesday (02/12/2014) amid growing expectations it could cut interest rates after a sharp fall in consumer inflation. The BSE Sensex gained 0.17 percent to 28,386.19, while the broader Nifty closed 0.15 percent higher at 8,475.75.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 30 advances to 20 declines.

Commodity Market Update (Crude Oil)

Precious metals are trading slightly lower with Gold trading around 1195.0 and Silver in near 16.50 an ounce. The intraday bias is likely to turn bullish and we can see prices edging higher from current levels. With an exception of LME Aluminum all other metals are trading in red. Nickel is the worst performer to ease as much as 1.04% at 16300.00. Copper is at 6570.00, -21 points or 0.32%, Intraday bias is negative for base metals. Crude Oil is higher with gains of 0.07% at 74.17 an ounce and Natural Gas is at 4.40, +0.09%, as we write this.

Morning Summary, Market Synopsis: 26th November, 2014

Benchmark indices opened weak Wednesday, with the Sensex down around 40 points to 28298 and the Nifty down 18 points to 8845.00. Globally, US stocks ended little changed on Tuesday as the US economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range. On BSE, midcap and Small cap are trading up by 047% and 0.70% respectively. On sectoral front, FMCG is the best performer to gain 0.79% while on the flipside, IT is lower by 0.26% as we write this.
Further the market breadth stands positive with 1240 shares are seen advancing against 845 declining shares.
Regards,

Commodity Market Update (Silver)

Gold and Silver are advances on COMEX but hold it three weeks high on the expectation of higher browning cost from the US. Actively traded Gold contract tested a high of 1201.70 before settling at 1199.50, up 3.30 points or 0.28% while Silver is surging around 1.5% or 22 cents to trade at 16.60 an ounce. Base metals are trading higher since morning with Copper trading at 6670.25, up 12 points or 0.18% after having tested a high of 6698.00 while Zinc is gaining 0.70% or 16 points to trade at 2301.00, followed by rest of the metals which are also gaining around half a percent each. WTI Crude Oil is trading in green at 76.00, up 22 cents or 0.29% after having volatile trading hours while Natural Gas is trading at 4.32, up around half a percent after having tested a low of 4.261 per mmbtu.

Closing Summary, Market Synopsis: 25th November, 2014

Key benchmark indices fell on Tuesday, retreating from a record high hit earlier in the session as financial firms slumped on worries parliament would delay an insurance bill, while new rules for offshore derivatives raised worries over foreign flows. ITC Ltd provisionally slumped 5 percent, contributing the most to the index's fall after the health ministry accepted the recommendation of an internal panel to ban the sale of single cigarettes. The benchmark Sensex provisionally closed 0.57 percent lower, while the broader Nifty lost 0.79 percent, marking their biggest single-day fall since October 16.

The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 14 advances to 36 declines.

Morning Summary, Market Synopsis: 25th November, 2014

After hitting record high yesterday, the market has opened on a sluggish note Tuesday. The Sensex is down 14.18 points at 28485.36 and the Nifty is down 11.90 points at 8518.25. The Indian rupee opened flat at 61.90 per dollar against previous day's closing value of 61.94 a dollar. US stocks rose on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average. Helping bullish sentiment was expectation central banks will continue to boost equities. Following last week's surprise rate cut, China's leadership and central bank are ready to cut interest rates again and to loosen lending restrictions. On BSE, Midcap and Smallcap were trading down by 0.81% and 0.87% respectively.
Further the market breadth stands positive with 727 advances are seen against 1414 declining shares.

Closing Summary, Market Synopsis: 24th November, 2014

Indian equity market opened higher yesterday with Nifty closed at 8530.15, +52.80 and Sensex ended the day at 28499.54, gaining almost 165 points on Monday. On BSE, midcap and small cap were flat with nominal changes were recorded for the day. On sectoral front, Metals is the best performing sector, gained 1.62% and Oil and Gas declined 0.73% to be the worst performer for the day.
Further the market breadth stands negative with 1332 shares were seen advancing against 1732 declining shares.
Regards,

Morning Summary, Market Synopsis: 24th November, 2014

The market opens at a record high once again. The Nifty hits 8500 in opening for first time. The 50-share index is at 8510, up 31.70 points while the Sensex is at 28461.77, up 120.46 pts. The Indian rupee opened higher by 7 paise at 61.69 per dollar on Monday versus 61.76 Friday. The euro near a two-year trough against the dollar and was broadly weaker on prospects of more easing from the European Central Bank. In the US, markets surged to new all-time highs, thanks to a surprise interest rate cut from the People's Bank of China, the first such move in two years, to spruce up growth. Global markets too remained buoyant post the move. Midcap and Smallcap are trading up by 0.33% each as we write this.
Further the market breadth stands positive with 1252 shares are seen advancing against 963 declines.

Closing Summary, Market Synopsis: 20 th November, 2014

Key benchmark indices edged up on Thursday as exporters such as leading IT shares rallied after the rupee fell to a nine-month low, although the weaker local currency tempered hopes of interest rate cuts. Meanwhile, a television news channel reported that Kotak Mahindra Bank may buy ING Vysya Bank, sending both stocks to their record highs. CNX Nifty shut shop at 8402, up by 19.6 points (0.23%).

The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 21 advances to 29 declines.

Commodity Market Update (Crude Oil)

Precious Metals are trading slightly lower with Gold trading at 1189.20, lower by 0.39% or $4.60 an ounce. Silver is trading lower today with decline of 0.45% at 16.22 an ounce. The outlook is negative and we can see prices easing further in coming sessions. On base metals, with an exception of Nickel all other metals are trading down. Copper is at 6671.00, -0.17% and Aluminum is at 2015.50, lower by 0.22% as we write this. Crude Oil prices are trading higher while Natural Gas is trading lower today. Oil is down by 0.29% at 74.29 and Natural Gas is at 4.46, +2.05% as we write this.

Morning Summary, Market Synopsis: 20th November, 2014

Shares were flat to positive in opening trade, with Nifty testing the 8,400 level it lost yesterday. At open, the Sensex was up 0.15 percent, or 37 points, to 28,077 while Nifty was up 0.15 percent, or 15 points, to 8,397. The rupee fell below 62 to the US dollar, hitting a 10-month low, further weakness in rupee is also expected. On BSE, midcap and Small cap were trading flat with midcap witnessing no changes while small cap is up by just 0.07% as we write this. On sectoral front, the key mover is Consumer Durables which is lower by 1.45% while on the ascent, IT is trading higher by 0.50% at the time of writing this.
Further the market breadth stands negative with 978 advances were seen against 1067 declines.

Morning Summary, Market Synopsis: 18th November, 2014

Indian shares were trading mildly higher at open, a day after equities rounded off another day of gains and a fresh all-time high yesterday.In Mumbai trading, the BSE Sensex was up 0.2 percent, or 59 points, to 28,235 while the NSE Nifty was up about 0.1 percent, or 8 points, to 8,439. Both indices made fresh intra-day highs early. Rupee is trading week at 61.94 per dollar versus the previous close of 61.84. On BSE, midcap and Small cap are trading in green with gains of 0.46% and 0.89% respectively. On sectoral front, Metal is trading higher by 1.75% while on other hand IT and FMCG are the negative counters.

Further the market breadth stands positive with 1354 advances are seen against 697 declining shares.

Closing Summary, Market Synopsis: 17th November, 2014

A resumption of fall in global crude oil prices and data showing continuation of buying of Indian stocks by foreign funds boosted sentiments as the key benchmark indices, S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit record high. State Bank of India provisionally ended 5.5 percent higher after earlier marking its highest intraday level since April 2011. The Sensex rose as much as 0.57 percent to an all-time high of 28,205.71 before ending 0.47 percent higher. The Nifty closed 0.49 percent up after earlier hitting a record high of 8,438.1.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 28 advances to 21 declines, 1 unchanged.

Commodity Market Update (Gold)

Precious metals on COMEX are trading volatile since morning and trading near two weeks high after the last Friday’s steep gain on the back physical demand. Actively traded Gold contract tested a high of 1193.60 before settling at 1187.00, up 1.50 points or 0.13% an ounce and Silver is trading in red at 16.14, fell over a percent or 17 cents after having tested a low of 16.08 an ounce. With the exception of Nickel, base metals are trading lower since morning with Copper trading at 6685.00, down 21.75 points while Aluminum tested a low of 2014.25 before settling at 2020.75, down 6.75 points or 0.32% and leading the group, as we write this. WTI Crude Oil is tumbling over a percent or 1.02 points to trade at 74.80 while Natural Gas opened with a gap up of 3.30% or 13 cents to trade at 4.153 per mmbtu.

Morning Summary, Market Synopsis: 17th November, 2014

Indian equity market started the day on a flat note with BSE Sensex down 48.5 points (0.17 percent) to 27,998 while the NSE Nifty eased 17 points (0.21 percent) to 8,372 at the time of market opening. Rupee opened stronger today at 61.75 versus the previous close of 61.86per dollar. The view on rupee is positive and we can see prices edging higher in coming days. On BSE, midcap and small cap are trading higher with gains of 0.34% and 0.71%, as we write this. On sectoral front, Auto is the best performer to gain 0.89% while Metals is the worst performer to ease 0.68% as we write this.
Further the market breadth stands positive with 1256 shares are seen advancing against 1106 declining shares.

Closing Summary, Market Synopsis: 14h November, 2014

Key benchmark indices ended at a record closing high on Friday as foreign investors continued to pile into domestically oriented blue-chips amid a slide in crude oil prices and data showing easing wholesale inflation. Hopes for easing inflation are also helping spur share gains. Data on Friday showed the wholesale price index rose an annual 1.77 percent last month, its slowest since September 2009. The broader Nifty also gained 0.38 percent to end at a record closing high of 8,389.90.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 33 advances to 17 declines.

Morning Summary, Market Synopsis: 14th November, 2014

The market has opened flat. The Sensex is up 19.71 points at 27960.35 and the Nifty is up 2.85 points at 8360.70. The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike. On BSE, midcap and small cap are trading higher by 0.80% and 0.75% respectively. On sectoral front, Realty is the best performer to gain 1.34% as we write this.
Further the market breadth stands positive with 1412 shares are seen advancing against 958 declining shares.

Closing Summary, Market Synopsis: 13 th November, 2014

Key benchmark indices fell on Thursday, retreating from a record high hit in the previous session as state-run oil companies such as Bharat Petroleum Corp declined after the government raised excise duty on petrol and diesel. The broader Nifty lost 0.3 percent to close at 8358, retreating from its record high of 8,415.05 in the previous session.

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 (Natural Gas)

Precious metals on CMX are trading down volatile since morning due to weaker demand from China and weaker than expected economic data from the world largest consumer. Actively traded Gold contract tested a low of 1153.00 before settling in green at 1161.80, up 2.70 points while Silver is trading at 15.735, up 11 cents or 0.72% an ounce. WTI Crude Oil is trading at 76.77, down more than half a percent or 41 cents and Natural Gas fell more than a percent or 5 cents to trade at 4.143 per mmbtu. Base metals swung between gains and losses after data showed China’s factory output growth slowed in October but at the time of writing this industrial metal prices are trading higher. Nickel is gaining a percent or 158 points to trade at 15725.00 and Zinc is trading at 2294.75, up 0.69% or 15.75 points, followed by rest of the metals. Now, traders are looking for US Jobless Claims data which will be released tonight at 7.00PM.

Morning Summary, Market Synopsis: 13th November, 2014

The market has opened on a strong note again. The Sensex is up 79.83 points at 28088.73 and the Nifty is up 21.95 points at 8405.25. The Indian rupee opened flat at 61.48 per dollar versus 61.51 Wednesday. Britain's pound fell to a 14-month low against the dollar on Wednesday as investors pushed back rate-increase expectations to late 2015 after the Bank of England forecast low inflation. The dollar rose more modestly against other major currencies. On BSE, Midcap and Smallcap are trading flat with Midcap gaining slightly higher while smallcap are trading nominally lower as we write this.
Further the market breadth stands negative with 951 shares are seen advancing against 1049 declining shares.

Closing Summary, Market Synopsis: 12 th November, 2014

Key benchmark indices again hit fresh high today, both Nifty & Sensex closed at record high. The BSE Sensex is up 0.3 percent, while the Nifty shut shop at 8383.3 up by 0.25% (20.65 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.

Commodity Market Update (Gold)

Gold prices are trading lower at 1162.30, -0.06% and Silver is at 15.60, down by 0.21% as we write this. The intraday bias remains negative for precious metals. Base metals on LME are trading in green with Copper as an exception is lower by just 0.04% at 6686.00. Other base metals are trading positive with Nickel leading the gainer with a gain of 0.75% at 15572.00. Crude Oil and Natural Gas on NYM are trading lower with easing 0.86% and 1.32% respectively. Crude Oil is trading at 77.23 and Natural Gas is at 4.19 per mmbtu. Bias remains negative for Crude Oil and Natural Gas.