Tuesday 30 December 2014

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.

Photo: Morning Market Update:

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.

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