Wednesday, 10 June 2015

Morning Summary, Market Synopsis: 10 th June, 2015

Sensex up over 200 points, Nifty nears 8,100; financials surge: Markets have started the session on a firm note tracking firm Asian cues along with strong buying among financial shares. By 9:45, the S&P BSE Sensex was higher by 223 points at 26,703 and the CNX Nifty gained 69 points at 8,091. Banking shares have extended yesterday’s gain after the RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated time-frame. Further, global index provider MSCI has decided against including locally traded China shares in its global benchmark indices. Inclusion of China-A shares could have triggered massive outflows from the Indian market as its weight would have got reduced in the MSCI indices.

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