Tuesday, 23 December 2014

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.

Photo: Morning Market Update:
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.

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