Friday, 19 June 2015

Morning Summary, Market Synopsis; 19th June, 2015

Nifty opens above 8,200 tracking firm global cues: Markets have extended gains for sixth straight day and have commenced firm tracking strength in the global peers led by the IT shares after Nasdaq hit record highs, a day after the Federal Reserve indicated it would raise the interest rates slowly. The Sensex has opened higher by 122.49 points at 27,238.32 and the Nifty gained 28.65 points at 8,203.25. Monsoon is expected to be normal in June boosting sowing of kharif crops but there are concerns about pick up in rainfall in the next month, a top Indian Meteorological Department (IMD) official said yesterday. Heavy overnight rains in Mumbai have resulted in a complete collapse of suburban train services.

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