Monday, 27 April 2015

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.

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