Closing Summary, Market Synopsis: 30 th April, 2015

Markets bounce back; Nifty above 8,250: The markets have opened the week on a positive note tracking gains in the US markets and in wake of the sell-off witnessed in the past two weeks. At 9:35 am, the Sensex is quoting at 27,330, higher by 319 points and the Nifty is at 8275, up 93 points. The debate on the Constitution Amendment Bill in respect of Goods and Services Tax (GST), the passage of the Land Acquisition Bill and the outcome of monthly manufacturing and services sector surveys will be keenly awaited. The next batch of March quarterly results will also dictate the trend on the bourses. In the currency space, dollar is off lows, staging a bit of a comeback as sterling comes under pressure. Indian money market is shut on account of Buddha Purnima.

Morning Summary, Market Synopsis: 30th April, 2015

Sensex slips below 27000; IT, Metals and Auto weak: The markets are trading in the red this morning in line with the cues from the global market front and ahead of the impending April derivatives expiry later in the day. At 9:40 am, the Sensex was quoting at 26,965, lower by 260 points and the Nifty was at 8,156, down 82 points. The broader markets are also trading weak in tandem with the benchmark indices, with the mid-cap and small-cap indices losing more than half a percent each. Technically, Nifty is not sustaining above the 200- DMA i.e. above 8,265 levels indicates cautious sign. The rupee opened lower by 21 paise at 63.51 per dollar this morning as against 63.30 on Wednesday as the weak stock markets are keeping the rupee under pressure.

Closing Summary, Market Synopsis: 29th April, 2015

Nifty ends below 8,250 ahead of April F&O expiry: Markets ended lower on selling pressure by foreign funds amid worries surrounding retrospective taxation with index heavyweights HDFC and ITC leading the decline. Meanwhile, investors remained cautious ahead of the April F&O expiry due tomorrow.The 30-share Sensex dropped 170 points to end at 27,226 and the 50-share Nifty lost 46 points to close at 8,240. The rupee was trading flat against the US dollar today at the Interbank Foreign Exchange. The weakness in dollar against other currencies overseas on weaker US data capped the rupee’s fall.

Commodity Market Update (Crude Oil)

Precious metals on CMX are trading lower ahead of the Federal Reserve’s interest rate meeting, FOMC Meeting minutes release and US advance GDP data. Gold and Silver Actively traded Gold contract is losing 0.70% or 8.40 points to trade at 1205.50 whereas Silver declined around a percent or 16 cents to trade at 16.435 an ounce. With the exception of Aluminum, Base metals are losing since morning with Copper trading at 6092.00, down 0.57% or 35 points while Zinc is down the most, eased around a percent or 20 points to trade at 2274.50 after having tested a low of 2271.50, followed by rest of the metals. WTI Crude Oil is down more than half a percent or 35 cents to trade at 56.71 and Natural Gas is trading flat at 2.529 with negative bias. Oil traders are waiting for tonight’s Oil stockpiles report which will release tonight at 8.00pm with analyst forecast of 2.1 Mbd against the previous week of 5.3 Mbd.

Morning Summary, Market Synopsis: 29th April, 2015

Markets have a subdued opening; Nifty hovers at 8,250: The markets have started the day's proceedings on a negative note post the gains seen in the previous session. The markets are trading in a listless manner as they seek for direction post the gains seen in the previous session. At 10:20 am, the Sensex was at 27331, lower by 65 points and the Nifty is at 8265, down 20 points.There is out-performance on the broader market front, with the midcap and smallcap indices adding around half a percent each.The Indian rupee opened marginally lower at 63.22 per dollar on Wednesday against 63.15 Tuesday. The dollar dropped to an eight-week low after a weak US consumer confidence report, with investors cautious about a Federal Reserve meeting.

Closing Summary, Market Synopsis: 28 th April, 2015

Markets snap three-day losing streak: Markets surged in late trades to snap three-day losing streak, amid short-covering and renewed buying interest, with private banking major ICICI Bank leading the gains. Bank Nifty soars 3 percent on short covering. Pull back seen in selective mid cap stocks after recent sell-off. In a major boost to the market, World Bank estimates India’s GDP growth at 7.5 percent in FY16 and 7.9 percent in FY17. It says that India needs to further rationalise subsidies. World Bank thinks tax-to-GDP ratio may rise after India implements GST but land acquisition remains hurdle in the country's efforts to boost infrastructure.

Morning Summary, Market Synopsis: 28 th April, 2015

Markets open on a cautious note; Nifty holds 8,200: Markets continued to trade in a narrow range in early deals as selling by foreign funds in blue chip counters continued to weigh on sentiment.At 9:35 AM, the 30-share Sensex was up 22 points at 27,199 and the 50-share Nifty was up 3 points at 8,216. Market breadth was neutral with 750 losers and 740 gainers on the BSE. Asian shares were mostly trading lower with the exception of Japan. The Nikkei was up 0.4%. While other markets in the region witnessed profit taking after gains in the previous sessions. The Indian rupee has opened with marginal gains, up 13 paise at 63.35 per dollar against previous day's closing value of 63.48 a dollar.

Closing Summary, Market Synopsis: 27 th April, 2015

Nifty slips below 8,250 to end near four-month low: Markets ended lower for the third straight day as concerns over retrospective tax on foreign funds and weak corporate earnings continue to weigh on market sentiment. Further, investors are cautious ahead of the expiry of April derivatives contracts due on Thursday and the two-day meet of Federal Open Market Committee (FOMC) in which the Federal Reserve is likely to signal its stance on key policy rates. The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty slipped below its 200-day simple moving average to end 91 points lower at 8,214.

Commodity Market Update : Gold

Gold and Silver advances since morning ahead of this week’s Federal Reserve policy meeting on Federal Fund Rate. Actively traded Gold bounced from five weeks low to trade at 1181.30, up 6.20 points and Silver rose around a percent or 15 cents to trade at 15.785 an ounce. Base metals prices rose on Monday, amid speculation policymakers in China will have to introduce further stimulus measures to jumpstart the economy amid lackluster growth. LME Zinc and Nickel are leading the bucket, added around 1.5% each to trade at 2275.00 and 13435.00 respectively while Copper surged over a percent or 62.50 points to trade at 6088.00 per metric ton. WTI Crude Oil is trading between gains and losses on the back of unrest in Yemen and rising Oil stockpiles. Crude Oil is trading almost flat at 57.16 with positive bias while Natural Gas futures tested a low of 2.47 before trading at 2.487, eased 1.74% or 4 cents per mmbtu.

Morning Summary, Market Synopsis: 27 th April, 2015

Markets have a subdued opening; Nifty hovers around 8350: The markets have opened the week's proceedings marginally in the green, thanks to the positive cues from the global front. But after the kick-start market has started to slip with the Nifty hovering below 8300-levels. The 50-share index is down 25.45 points at 8276.80. The Sensex is down 39 points at 27398. Asian stocks hit new seven-year highs tracking gains over the weekend in the US with tech stocks emerging as the top gainers. However, investors continue to adopt wait-and-watch stance ahead of the meeting of central banks in Japan and the FOMC meet later this week.
The Indian rupee declined in the early trade. It has opened lower by 14 paise at 63.70 per dollar against 63.56 Friday. The dollar started the week on the defensive after more disappointing US economic data reinforced expectations the US Federal Reserve will not hike interest rates any time soon.

Closing Summary, Market Synopsis: 24 th April, 2015

Sensex drops 297 points to end below 27,450; Infosys slumps 6%: Benchmark share indices ended over 1% lower on Friday with Infosys leading the decline after disappointing March quarter earnings while the guidance for the current fiscal was also lower than Nasscom estimates. Meanwhile, according to reports the Central Board of Direct Taxes has instructed Foreign Portfolio Investors claiming treaty benefits be settled within a month. The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305. The broad market depicted weakness. There were more than two losers against every gainer on BSE.

Morning Summary, Market Synopsis: 24 th April, 2015

Markets open lower; Nifty hovers around 8350: Markets open the last session of the week on a positive note amid firm Asian cues and robust overnight gains in US stocks but failed to sustain gains on persistent selling by foreign funds. Foreign institutional investors were net sellers in equities to the tune of Rs 277 crore on Thursday, as per provisional stock exchange data. At 9.40 AM; the 30-share Sensex is down 117 points at 27,618 and the 50-share Nifty has lost 42 points at 8,356.
The Indian rupee has opened with marginal gains of 5 paise at 63.27 per dollar against previous day's close of 63.32.The dollar fell against most other major currencies, while the euro rose on waning fears of a Greek default.

Closing Summary, Market Synopsis: 23 rd April, 2015

Sensex drops 189 points to end below 28,000: Benchmark indices ended lower owing to selling among blue-chips even though the government eased the escalating worries about retrospective taxation yesterday. A weak monsoon forecast further dampened the sentiments. However, the losses are capped with a strong rally in the metal stocks after Bank of America-Merrill Lynch said the sector's return on equity will double by FY17 end. The Sensex was down 155.11 points or 0.6 percent at 27735.02 and the Nifty slipped 31.40 points or 0.4 percent at 8398.30. The market participants would closely watch the proceedings in parliament during the final part of the ongoing Budget session as the government hopes to pass the Goods and Services Tax (GST) and the Land Acquisition Bill.

Commodity Market Update (Natural Gas)

Precious metals on CMX are trading in gains and losses ahead of the US labor department’s initial Jobless Claims report along with stronger dollar index. At the time of writing this, Gold is trading at 1187.80 and Silver is trading at 15.84 with positive bias. Base metals are tumbling since morning due to stronger dollar against the other currencies. 3-month Aluminum and Lead are the worst performing counter among the bucket, tumbled around 1.25% each to trade at 1782.00 and 2018 respectively while Copper is down around half a percent or 25.50 points to trade at 5888.50 per metric ton. WTI Crude Oil is trading at 55.91, eased around half a percent or 25 cents while Natural Gas is losing more than a cent or 0.61% to trade at 2.59 per mmbtu.

Morning Summary, Market Synopsis: 23 rd April, 2015

Markets opened with strong gains; Sensex reclaims 28000: Markets extended gains and opened higher, amid firm global cues, led by financials while IT major TCS also witnessed renewed buying interest at lower levels in early trades. At 9:25AM, the 30-share Sensex was up 114 points at 28,004 and the 50-share Nifty was up 38 points at 8,467. The mid-cap and small-cap indices are also in the green. HDFC Bank is set to announce its Q4 numbers during the day.
The Indian rupee opened with marginal loss of 13 paise at 62.95 per dollar versus 62.82 Wednesday. The dollar edges upward after a 6.1 percent jump in US home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.

Closing Summary, Market Synopsis: 22 nd April, 2015

Markets snap five-day losing streak; Nifty ends above 8,400: Benchmark indices snapped five-day losing streak led by gains in engineering major L&T and renewed buying interest in Hindustan Unilever and financial shares amid volatility on below normal monsoon rain forecast. The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430. Markets opened higher and remained range bound during the first half of the trading session only to fall sharply in late noon trades spooked by a weak monsoon forecast. However, a sharp rebound in late trades led by financials lifted the Nifty above the 8,400 mark.
The market participants would closely watch the proceedings in parliament during the final part of the ongoing Budget session which began on Monday as the government hopes to pass the Goods and Services Tax (GST) and the Land Acquisition Bill.

Morning Summary, Market Synopsis: 22 nd April, 2015

Markets opened with modest gains; with strong Asian cues: The markets have registered modest gains at opening bell in what could be a case of short-covering after five successive days of losses. At 9.20am, the Sensex is at 27,744, higher by 68 points and the Nifty is just shy of the 8,400 mark at 8398, up 20 points. The midcap and small-cap indices are also marginally in the green. Yes Bank is set to announce its Q4 numbers during the day.
The Indian rupee has opened flat at 62.81 per dollar against previous day's closing value of 62.85 a dollar. The dollar is mixed against major currencies, with the euro pivoting to modest gains against the greenback after euro zone finance ministers moved away from fixing a deadline for Greece to come up with fiscal reforms.

Commodity Market Update (Silver)

Gold prices held below the 1200 level on Tuesday, as a broadly stronger U.S. dollar curbed the appeal of the precious metal. Actively traded Gold contract is trading up 0.37% or 4.40 points to trade at 1198.00 while Silver is gaining around a percent or 13 cents to trade at 16.02 an ounce. Base metals declined on Tuesday, as jitters over a bond default in China's construction sector weighed. Copper is losing around half a percent or 25 points to trade at 5968.00, followed by rest of the metals which are trading almost flat with negative bias as we write this. Crude Oil is trading down 23 cents or 0.41% to trade at 56.15 after having tested a low of 55.75 per barrel while Natural Gas is adding around a percent or 2 cents to trade at 2.557 per mmbtu.

Morning Summary, Market Synopsis: 21st April, 2015

Markets end lower for fifth straight session; Nifty breaks 8,400: The benchmark indices ended lower for the fifth straight session due to weakness in index heavyweights such as Hindustan Unilever and the Pharma space. The Sensex ended at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points. The mid-cap and small-cap indices had rebounded into the green for a short period, but were unable to sustain their gains and ended upto half a percent lower at 10,506 and 11,332 respectively.
The market participants would closely watch the proceedings in parliament during the final part of the ongoing Budget session which began on Monday as the government hopes to pass the Goods and Services Tax (GST) and the Land Acquisition Bill.

Closing Summary, Market Synopsis: 21st April, 2015

Markets end lower for fifth straight session; Nifty breaks 8,400: The benchmark indices ended lower for the fifth straight session due to weakness in index heavyweights such as Hindustan Unilever and the Pharma space. The Sensex ended at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points. The mid-cap and small-cap indices had rebounded into the green for a short period, but were unable to sustain their gains and ended upto half a percent lower at 10,506 and 11,332 respectively.
The market participants would closely watch the proceedings in parliament during the final part of the ongoing Budget session which began on Monday as the government hopes to pass the Goods and Services Tax (GST) and the Land Acquisition Bill.

Commodity Market Update (Gold)

Gold and Silver prices were trading in advances but later on erased most of the gains and trading almost flat as we write this. Actively traded Gold contract tested a high of 1209 before trading at 1204.10 while Silver is trading at 16.23 after having tested a high of 16.34 an ounce. Base metals on the LME were trading higher in the earlier session as China’s central bank cut its RRR by 100 bps but later on erased most of the gains and trading mixed. 3-month Copper tested a high of 6173.00 before trading in red at 6076.50 while Aluminum, Lead and Zinc are trading in green at 1830.50, 2040.00 and 2227.50 respectively. WTI Crude Oil tested a high of 56.65 before settling at 56.13, up 0.70% or 39 cents while Natural Gas futures dropped 1.67% or 4 cents to trade at 2.59 per mmbtu.

Closing Summary, Market Synopsis: 17th April, 2015

Sensex ends below 28,450; IT shares drag: Markets ended lower for the third straight session weighed down by information technology shares after TCS reported lower-than-expected revenue growth in constant currency terms in the fourth quarter while profit taking in private lenders and Pharma shares further added to the losses. The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606. The broader markets were ended lower with BSE Mid-cap down 2% and Small-cap index slipped 1.5%.

Commodity Market Update (Copper)

Precious metals on CMX are trading in gains and losses for the last couple of sessions due to mixed bag of economic releases from US and the world’s other economy. Front month Gold futures gained 0.64% or 7.50 points to trade at 1205.60 while Silver futures trading around day’s high of 16.41, up 0.80% or 12 cents an ounce as we write this. WTI Crude Oil futures are trading lower due to rising crude supplies from OPEC members which outweighed signs of a slowdown in U.S. output and Middle East tensions. Actively traded Crude Oil contract is losing 0.78% or 44 cents to trade at 56.27 after having tested a low of 55.75 per barrel while Natural Gas eased around a percent or 2 cents to trade at 2.659 per mmbtu. Base metals are trading higher since morning with Copper trading at 6138.00, up 0.82% or 50 points while Aluminum is leading bucket, surged a percent or 18 points to trade at 1841.00, followed by rest of the metals.

Morning Summary, Market Synopsis : 17th April, 2015

Nifty breaks 8,650; TCS dips 2.5%: Benchmark indices have opened the session flat with banks and IT shares contributing to the decline with TCS losing over 1.5% after the company missed Street expectations. Also, investors will keenly watch out for the quarterly results of RIL due later during the day.
At 9.40 AM, the Sensex is down 65 points at 28,601 and the Nifty is down 43 points at 8,663 levels. Asian shares were trading firm on Friday shrugging of overnight weakness in US stock markets which ended marginally lower amid discouraging economic data. Shares in Japan continued to witness profit taking with the benchmark Nikkei was down 0.5% to trade below the 20,000 mark. The Indian rupee has opened flat at 62.31 per dollar today against previous day's closing value of 62.30 a dollar. Dollar tumbled after comments from Federal Reserve officials and weak US data pushed out expectations for the first fed rate hike.

Morning Summary, Market Synopsis: 16 th April, 2015

Markets have a cautious start; Nifty hovers at 8,740: The markets have started the proceedings on a cautious note post the late sell-off witnessed in the previous trading session. The mixed cues from the Asian front are also responsible for the tentative start to the day.
At 9:30 AM, the Sensex is at 28,777, lower by 22 points and the Nifty is at 8,739, down 10 points. The broader market space is continuing its out-performance with modest gains in both mid-cap & small-cap index. The Indian rupee has opened flat at 62.35 per dollar today against previous day's closing value of 62.37 a dollar.

Commodity Market Update (Crude Oil):

Gold and Silver prices on CMX are trading lower since morning as the dollar index recovered some lost ground after a weaker than expected US Retail Sales report on Tuesday. Actively traded Gold contract is down 2.90 points or 0.30% to trade at 1190.00 while Silver futures tested a low of 16.045 before settling at 16.10, eased around half a percent or 6 cents an ounce. WTI Crude Oil futures rose for the fifth consecutive session on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week. Light Sweet Crude Oil futures rose 1.35% or 72 cents to trade at 54.01 per barrel and Natural Gas is trading in almost flat at 2.53 with positive bias as we write this. Base metals on LME are trading higher except Copper which is trading in red at 5943.00 after having tested a low of 5917.00 while Aluminum is leading the group, surged 1.40% or 25 points to 1810.00, followed by rest of the metals.

Closing Summary, Market Synopsis: 15 th April, 2015

Nifty ends seven-day winning streak to end at 8,750: Benchmark share indices ended lower on Wednesday, after closing over five week highs in the previous session, weighed down by IT majors on concerns that the appreciating rupee could hurt revenues while private banks pared early gains on profit taking in late trades. The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 84 points at 8,750. Most Asian markets declined today after China's growth data showed further signs of slowdown in the world's second largest economy. Growth slowed down to a six-year low at 7% in the first quarter for China with both retail sales and industrial output missing forecasts. 

Morning Summary, Market Synopsis: 15 th April, 2015

Markets have a flat opening; Nifty hovers at 8820: The markets have opened virtually unchanged despite lower-than-expected March consumer price inflation and encouraging growth forecast by the World Bank.

At 09:35 am, the Sensex is at 29060, up 15 points and the Nifty is at 8,835, up 1 point. The broader market space is continuing its out-performance with gains of up to half a percent each; the mid-cap index is at 11,170, higher by 43 points and the small cap index is at 11,992, up 50 points. The Indian rupee opened higher today, up 14 paise at 62.37 per dollar versus 62.51 Monday. The dollar slipped as investors took advantage of weaker-than-expected US retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase.

Commodity Market Update (Gold)

Precious metals are trading lower on Monday, as investors looked ahead to key U.S. data later this week for further indications on the strength of the economy and the timing of an interest rate hike. Actively traded Gold contract is trading at 1198.60, down more than half a percent or 6 points to trade at 1198.60 an ounce whereas Silver futures eased 0.56% or 9 cents to trade at 16.285. WTI Crude Oil futures rose around a percent or 52 cents to trade at 52.16 after having tested a high of 53.10 per barrel while Natural Gas is trading down at 2.50, lower by a cent or 0.40% per mmbtu. Base metals are trading mixed since morning with Copper trading at 6025.00, up 5 points after having tested a high of 6080.00 while Lead is extending its gain to 4 months high of 2013, up 8.50 points.