Monday, 11 May 2015

Morning Summary, Market Synopsis: 11th May, 2015

Markets have a strong opening: The markets have opened on a strong footing this morning, thanks to the positive cues from the global markets front. The Sensex had rallied as much as 500 points on Friday due to the return of calm in global bond markets and the government’s accommodative stance on the contentious MAT issue. And the momentum has continued this morning. At 9:30 am, the Sensex was at 27291, higher by 186 points and the Nifty was at 8241, up 50 points. The parliamentary proceedings will dictate the near-term trend. The much-delayed and anticipated goods and services tax (GST) bill is expected to be taken up in Rajya Sabha on Monday

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