Friday, 2 January 2015

Morning Summary, Market Synopsis: 2nd January, 2015

Markets open higher; Sensex up over 200 points: Markets opened on a positive note despite muted trend seen in other Asian markets. Tracking the momentum, the 50-share Nifty index surged over 40 points to reclaim its crucial psychological level of 8350, supported by gains in Banks, Auto, Realty, Power and FMCG stocks.
At 9:45 AM, the S&P BSE Sensex was trading at 27758 up 250 points, while NSE Nifty was trading at 8355 up 71 points. However, the Mid-cap and Small-cap Index, both, is under-performing the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee opened lower by 8 paise at 63.43 per dollar versus 63.35 Thursday. Most of the Asian markets too were trading flat in the morning. The US and European markets were closed for the New Year.

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