Closing Summary, Market Synopsis: 30th December, 2014

Markets end flat; Oil stocks drag: Due to thin trade volume in festive season, the market has once again ended flat. The Sensex ended up 7.81 points at 27403.54 and the Nifty was up 1.95 points at 8248.25. The market breadth indicating the overall health of the market turned positive from negative in late trade.
Oil exploration stocks declined as lower crude oil prices would result in lower realizations from crude sales for oil exploration firms. In the foreign exchange market, the rupee edged higher against the dollar in choppy trade.

Commodity Market Update (Silver)

Precious metals are trading slightly higher today, the most actively traded Gold contract on CMX is at 1186.60, +0.40%, as we write this and Silver is at 15.92, higher by 0.89%. The outlook remains neutral while the intraday bias stands positive for bullions. On energy complex, Crude Oil is trading in red with a decline of 0.62% at 53.28 and Natural Gas declined as much as 1.28% at 3.15 per mmbtu. Intraday view is still negative and we can see both the commodities to drift further down in coming sessions. Base metals are trading mostly flat today, Copper is at 6315.00, +0.96% and Zinc is at 2161.00, up by a percent.

Morning Summary, Market Synopsis: 30th December, 2014

Markets turn choppy after positive start: Markets opened marginally higher but turned choppy with infrastructure stocks leading the gains after the government paved the way for easing the land acquisition Act for public-private partnership and rural infrastructure projects.
At 9:45 AM, the S&P BSE Sensex was trading at 27390 down 5 points, while NSE Nifty was trading at 8247 up 1 point. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened marginally lower at 63.72 per dollar on Tuesday against previous close of 63.67. The euro remains rooted close to a 28-month trough against the dollar, but did not dip beneath that low. Greek bond yields shot higher after the vote as investors took fright, with the borrowing costs on 10-year bonds rising to 9.7 percent.

Closing Summary, Market Synopsis: 29th December, 2014

Markets end higher led by metals: Markets gained for the second straight session led by metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms. The Sensex ended up 153.95 points at 27395.73 and the Nifty was up 45.60 points at 8246.30. The market breadth indicating the overall health of the market was strong.
Metal and mining stocks were in demand on reports of China's central bank adjusting deposits calculation rules. Pharma stocks rose as rupee edged lower against the dollar.

Morning Summary, Market Synopsis: 29th December, 2014

Market gains in early trade; metal stocks shine: Benchmark share indices extended gains following a firm opening led primarily by index heavyweights, information technology and metal stocks.
At 9:45 AM, the S&P BSE Sensex was trading at 27450 up 208 points, while NSE Nifty was trading at 8265 up 65 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee declined in the early trade. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday. The dollar began the final week of 2014 on firm footing, as the euro flirted with two-year lows while investors awaited a key vote in Greece later in the session. Activity is likely to be thin this week ahead of the New Year's holiday and many investors have already closed out their positions.

Closing Summary, Market Synopsis: 26th December, 2014

Markets end flat amid range bound trades: After a robust opening, benchmark indices ended flat amid range bound trades weighed down by FMCG and Auto shares. However, buying in technology stocks capped the downslide. The market breadth indicating the overall health of the market was negative. The Sensex ended up 33.17 points at 27241.78 and the Nifty was up 26.60 points at 8200.70.
In the global market, European markets were shut for Christmas holiday. Asian markets edged higher today with some of the key bourses closed for the Christmas holidays.

Morning Summary, Market Synopsis: 26th December, 2014

Market gains in early trade but failed to keep the momentum: Key benchmark indices edged higher in early trade, tracking gains in most Asian stocks but failed to keep the momentum as supply at higher levels was eminent. On the domestic front, government pushing forward the insurance and coal sector reforms through an executive order is likely to boost investor sentiments.
At 9:45 AM, the S&P BSE Sensex was trading at 27165 down 42 points, while NSE Nifty was trading at 8172 down 2 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened with marginal gain of 7 paise at 63.45 per dollar on Friday against 63.52 Wednesday. The dollar edged up against the yen on light bargain hunting following two sessions of losses, with markets slowly getting into gear after the Christmas holiday.

Merry Christmas!

Closing Summary, Market Synopsis: 24 th December, 2014

Sensex, Nifty slide 1% on Dec F&O expiry: Markets ended lower for the second straight session weighed down by Oil & Gas shares on continued fall in crude oil prices over recent months. Weakness in the China markets dampened the sentiments of the investors. Markets extend losses in the last trading hour of trading ahead of the expiry of December derivative contracts. The Nifty was down 92.90 points or 1 percent at 8174.10. The Sensex sunk 297.85 points or 1 percent at 27208.60. Shares of companies engaged in insurance business have moved higher by up to 4% after the Union Cabinet clears the Insurance Laws Amendment Bill.Asian stocks gained and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global market turbulence of the past two weeks. Japan’s Nikkei gained over 1% while Hang Seng is trading flat with a positive bias.

Commodity Market Update (Crude Oil)

Precious metals are trading lower with Gold trading at 1180.00, +2 points or 0.16% and Silver is at 15.82, adding 0.37%, as we write this. The near term outlook is neutral and we can see prices trading in a tight range. Bias is negative for precious metals. Base metals are trading slightly lower with copper trading at 6342.00, +0.06% along with all other metals which are trading similarly higher. Crude Oil and Natural Gas prices are trading mixed with oil prices declining more than a percent at 56.27 and Natural gas is down at 3.18, +0.28%, at the time of writing this.

Morning Summary, Market Synopsis: 24th December, 2014

Markets remain marginally high; Nifty eyes 8,300: Benchmark indices have gained marginally after opening on a flat note led by the gains in select index heavyweights like HDFC and ITC. Indian stocks may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from December 2014 series to January 2015 series. The near month December 2014 derivatives contracts expire today.
At 9:45 AM, the S&P BSE Sensex was trading at 27510 up 5 points, while NSE Nifty was trading at 8270 up 6 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 15 paise at 63.43 per dollar against 63.28 a dollar Tuesday. The dollar hovered at its highest in nearly nine years against a basket of major currencies after stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rate.

Closing Summary, Market Synopsis: 23rd December, 2014

Nifty ends below 8,300 ahead of F&O expiry: Benchmark indices ended lower, amid volatile trade, on profit-booking in bank shares, weakness in the shares of metals and select index heavyweights and caution ahead of F&Oexpiry due tomorrow. The 30-share Sensex ended down 195 points at 27,506 and the 50-share Nifty closed down 57points at 8,267. Weaknesses in global commodity prices have kept the metal shares under pressure; Sesa Sterlite declined more than 3% while Tata Steel and Hindalco have lost around 2% each. IT stocks remained under pressure after HCL Tech said that revenues for the October-December quarter would have an adverse impact on account of strengthening of US dollar against various global currencies.

Commodity Market Update (Silver)

Gold and Silver advances from a three-week low as crude oil rallied amid signs of rising physical demand. Actively traded Gold contract is trading at 1182.20, up 2.40 points whereas Silver is gaining over a percent or 7 cents to trade at 15.76 an ounce. WTI Crude Oil advanced for the second time in three days as investors weighed a projected decline in US crude inventories against signs that Iraq is joining other OPEC members in defending market share. Light Sweet Crude Oil futures is up around a percent or 51 cents to trade at 55.75 after having tested a high of 56.85 per barrel whereas Natural Gas is gaining on the back of short coverings after the last days steep fall and trading at 3.21, up 2.16% or 7 cents per mmbtu. Base metals are trading mixed on the LME with Copper trading at 6359.75 and Nickel is losing 0.64% or 109 points to trade at 15516.00 while rest of the metals are trading in green.

Morning Summary, Market Synopsis: 23 rd December, 2014

Market edges higher in early trade on firm global cues: Key benchmark indices surged in early trade tracking firmness in Asian indices. The market is keenly watching poll results as counting of votes for the 81-member Jharkhand Assembly began in 24 centers across the state today amid tight security. Counting of votes for the 87-member Jammu and Kashmir Legislative Assembly has also begun in early morning. Market may turn choppy ahead of the December series expiry.
At 9:45 AM, the S&P BSE Sensex was trading at 27817 up 115 points, while NSE Nifty was trading at 8355 up 32 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened marginally lower at 63.30 per dollar against the previous closing of 63.25. The dollar holds firm, having risen to its highest level in nearly nine years against a basket of major currencies, driven in part by persistent weakness in the euro and a fresh fall in the yen.

Closing Summary, Market Synopsis: 22nd December, 2014

Markets hit highest level in more than a week: After moving in an extremely narrow range, key benchmark indices extended gains in mid-afternoon trade to close higher for the third straight session ahead of the F&O expiry on Wednesday. Firm global cues and a rebound in crude oil prices bolstered market sentiments. The Sensex ended higher by 330 points at 27,702 and the Nifty gained 100 points at 8,325. World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
The volatility seen in today's trade is widely expected due to the expiry in the equity derivative segment this Wednesday. Also, market watchers will be closely tracking the progress of key reforms bill which will be tabled in the Parliament as the winter session comes to a close on Tuesday.

Morning Summary, Market Synopsis: 22nd December, 2014

Market edges higher in early trade on firm global cues: Key benchmark indices surged in early trade tracking firmness in Asian indices. The sentiment has suddenly turned positive after a Fed meet and the world and all its market seem to be headed for better days in the near future. Asian stocks are in the green over a bounce in oil markets and over gains seen on the Wall Street. Global cues, meanwhile, are positive with the US market ending higher with the S&P 500 rallying its second best week in nearly two years. European shares closed mixed on Friday, with Italian banking stocks and the healthcare sector weighing on wider benchmarks.
At 9:45 AM, the S&P BSE Sensex was trading at 27427 up 55 points, while NSE Nifty was trading at 8240 up 15 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened flat at 63.30 per dollar against 63.29 Friday. The euro is at fresh two-year lows in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar.

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Closing Summary, Market Synopsis: 19th December, 2014

Markets ended higher for second straight session led by the rally in select banks and index heavyweights. The Sensex ended higher by 245 points at 27,372 and the Nifty gained 66 points at 8,225. Markets continue to stage a strong comeback erasing most of its losses posted in its five day rout seen at the start of the week. Broad based buying pulled the Nifty above its 50-day moving average on the back of Fed optimism. Even though the FIIs have been sellers during the last few sessions, DIIs swiftly turned buyers picking up the opportunity to buy cheap. The gains in the broader markets were in line with the benchmark index with the mid and small cap indices up a percent each.

Morning Summary, Market Synopsis: 19th December, 2014

Market edges higher in early trade: Key benchmark indices surged in early trade tracking firmness in world stocks. The sentiment has suddenly turned positive after a Fed meet and the world and all its market seem to be headed for better days in the near future. The US markets saw a terrific run with Dow and S&P 500 rising 2.43%. The Nasdaq Composite too gained over 2.24%. Asian indices are also up with Japan's Nikkei and Hong Kong's Hang Sang trading up 1.5% each. China's Shanghai index has gained around half a percent.
At 9:45 AM, the S&P BSE Sensex is trading at 27450 up 324 points, while NSE Nifty is trading at 8245 up 85 points. The Mid-cap and Small-cap Index are also trading sharply higher up above 1.20% each. The market breadth indicating the overall health of the market is strong. The Indian rupee gained further in early trade. The currency has opened at 63.05 a dollar, up 6 paise compared to previous day's closing value of 63.11 a dollar.

Closing Summary, Market Synopsis: 18th December, 2014

Markets snap 5-day losing streak on Fed stance, economic reforms: Benchmark indices snapped five day losing streak and ended in line with the Asian peers after the US Federal Reserve said it would take a "patient" approach on deciding when to raise interest rates. Also, the Cabinet on Wednesday approved the Constitutional Amendment Bill on the long-delayed Goods and Service Tax which aided the sentiments.
The market breadth indicating the overall health of the market was quite strong, with more than three gainers for every loser on BSE. A number of side counters witnessed decent to strong gains. The Sensex ended up 416 points at 27,127 and the Nifty advanced 130 points to close at 8,159. In line with the large counterparts, the mid and small cap indices ended up 2.6% and 3% each.

Commodity Market Update (Natural Gas)

Precious metals on CMX rose from the two weeks low as US policy makers to drop a pledge to keep borrowing costs low for a “considerable time”. Actively traded Gold contract is trading at 1198.50, up 4 points or 0.33% after having tested a high of 1202.00 and Silver tested a high of 16.095 before settling at 16.03, up 10 cents or 0.60% an ounce. Lead dropped to a 28-month low as a gauge for the dollar approached a five-year high amid speculation the Federal Reserve will raise interest rates next year which makes greenback-priced commodities less attractive. Nickel is losing around 1.5% or 221 points to trade at 15450.00 after having tested a low of 15200.00 and Lead tested a low of 1836.00 before trading at 1857.75, plunged 1.34% or 25.25 points, followed by rest of the counters. WTI Crude Oil is trading higher at 57.40, up 1.65% or 94 cents after having tested a high of 57.92 while Natural Gas is trading almost flat at 3.693 with negative bias.

Morning Summary, Market Synopsis: 18th December, 2014

Sensex rallies over 300 points to reclaim its crucial psychological level of 27000: Key benchmark indices surged in early trade tracking firmness in world stocks. After deep cuts seen in last few days, the market has opened with a loud roar with support from global cues triggered by Fed meeting outcome. Banks are up including SBI and ICICI Bank (3 percent gains each). Other gainers in the Sensex are Tata Power, Sesa Sterlite and Tata Steel. Among the losers are ITC, HUL and Wipro.
At 9:45 AM, the S&P BSE Sensex is trading at 27000 up 290 points, while NSE Nifty is trading at 8120 down 90 points. The Mid-cap and Small-cap Index are also trading sharply higher up above 2.20% each. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in the early trade. It has opened higher by 26 paise at 63.35 per dollar against 63.61 Wednesday. The dollar pared gains against major currencies after the Federal Open Market Committee released a statement saying there remains "considerable time" before an interest rate hike.

Closing Summary, Market Synopsis: 17th December, 2014

Volatility to the fore; Nifty ends below 8050: Volatility ruled the roost as key benchmark alternately swung between positive and negative terrain in mid-afternoon trade. Even after trying hard to chase the bears away, the market ended on a lower note. The Sensex was down 71.31 points at 26710.13 while the Nifty slips 37.80 points at 8029.80. The market breadth indicating the overall health of the market is weak. As per market buzz, state-run Life Insurance Corporation of India (LIC) has started buying shares after a recent steep slide in stock prices. LIC is known to support domestic share markets at times of hefty falls.
In the foreign exchange market, the rupee edged lower against the dollar in choppy trade. Meanwhile, Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time

Morning Summary, Market Synopsis: 17th December, 2014

Key indices edges lower in early trade; Nifty below 8050: Key benchmark indices edged lower amid initial volatility, extending overnight losses as it opened in the negative territory led by losses in Banks, Pharma and Auto sectors. Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time.
At 9:45 AM, the S&P BSE Sensex is trading at 26,640 down 140 points, while NSE Nifty is trading at 8015 down 52 points. The Mid-cap and Small-cap Index are also trading sharply lower down 1.50% each. The market breadth indicating the overall health of the market is weak. The Indian rupee slipped further in the early trade. It has opened lower by 24 paise at 63.77 per dollar versus 63.53 Tuesday.

Closing Summary, Market Synopsis: 16th December, 2014

Key indices edges lower in early trade; Nifty holds 8200: Key benchmark indices edged lower amid initial volatility as weakness Asian stocks and data showing after market hours on Friday, 12 December 2014, that index of industrial production (IIP) declined, at a sharpest pace in three-years in October 2014 may weigh on investor sentiment.
At 9:45 AM, the S&P BSE Sensex is trading at 27,295 down 55 points, while NSE Nifty is trading at 8210 down 14 points. The Mid-cap index was down 0.50% and Small-cap Index was also trading down at 1.00%. The market breadth indicating the overall health of the market was weak. The Indian rupee declined in the opening trade. It has slipped by 21 paise at 62.50 per dollar against 62.29 Friday. The dollar cut its losses against the euro, extended gains against the yen and reached an 11-year high against the Norwegian Crown on plunging oil prices.
Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been, says a report.

Closing Summary, Market Synopsis: 16th December, 2014

Market tumbles on weak global cues and weak Rupee: Weak global cues and a big slide in the rupee caused panic selling in the market today. More than four shares declined for every share advancing on the BSE while on the NSE, eight shares declined for every one share rising. November trade data showing weakness on India's external front also hit sentiment on the domestic bourses adversely. After a heavy selling day, the Sensex ended with a loss of 538 points or 2 percent at 26781.4. The Nifty closed below 8100-level, down 152.00 points or 1.8 percent at 8067.6.
In the foreign exchange market, the rupee weakened past the 63 mark against the dollar as India's trade deficit rose sharply last month due to a sharp surge in gold imports. Meanwhile, investors are closely monitoring if the government's key legislative reform bills are passed during the ongoing winter session of the parliament. The government may table the constitutional amendment bill to facilitate the levy of goods & services tax (GST) during the ongoing winter session of the parliament.

Commodity Market Update (Silver)

Gold rebounded from the biggest one-day decline this year before the Federal Reserve begins a two-day policy meeting to assess the timing of interest-rate increases amid slumping energy prices and signs of an improving economy. Actively traded Gold contract tested a low of 1193.60 before settling at 1203.90, down 4 points or 0.33% an ounce while Silver is losing 1.74% or 30 cents to trade at 16.275 after having tested a low of 16.075 per ounce. The global price of crude oil plunged through $60 a barrel for the first time in five years with almost no signs producers are ready to tackle a glut. NYMEX Crude Oil plunged around 3% or 1.56 points to 54.38 after having tested a low of 54.01 per barrel and Natural Gas is trading in green at 3.739, up more than half a percent or 2 cents per mmbtu. In the earlier session base metals were trading lower but later on recovered some of their losses. LME Nickel is down 127 points or 0.77% to trade at 16278.00 after having tested a low of 16070.00 while Copper is the only metal which trade in green at 6386.25, up 16.25 points per metric ton.