Thursday 5 March 2015

Morning Summary, Market Synopsis: 5th March, 2015

Markets open marginally higher: Markets opened marginally higher, amid mixed global cues, led by IT majors and a rebound in index heavyweight ITC after losses in the previous few sessions. At 9:45AM, the 30-share Sensex was up 23 points at 29,404 and the 50-share Nifty was up 2 points at 8,925. The market breadth indicating the overall health of the market was strong. Asian stock markets edged lower today, 5 March 2015, following a weak lead from Wall Street, and as China lowered its gross domestic product (GDP) growth target to 7% for 2015, down from 7.5% last year. The Indian rupee has opened lower; down 7 paise to 62.32 a dollar compared to 62.25 a dollar in previous session.

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