Closing Summary, Market Synopsis: 29 th June, 2015

Markets end lower amid fears of Grexit from euro: Markets ended lower on Monday, amid weak global cues, after Greece and international creditors which failed to come to an agreement over debt payments raised fears of Greece's exit from the euro zone. The 30-share Sensex ended down 167 points at 27,645 and the Nifty ended down 63 points at 8,306. Markets slumped in initial trades with the Sensex plunging over 500 points in intra-day trade following the debt crisis in Europe. However, markets staged marginal recovery in the latter half of the trading session led by FMCG shares. Further, reports suggest that the Greek government on Monday confirmed that banks will be closed all week, after a decision by the European Central Bank (ECB) not to extend emergency funding.

Morning Summary, Market Synopsis: 29 th June, 2015

Market Opens down on Greece worries: Markets have kick-started the week in the red tracking cues from the Asian peers after Greek debt crisis worsened and Greece’s exit from the Euro Zone seemed inevitable. Over the weekend, Greece and its international creditors yet again failed to sign a truce to avert a default. The Greek drama is likely to dictate the trend on the bourses this week.

At the opening bell, the Sensex dropped 520 points or 1.8% at 27,292 levels while Nifty was at 8,222 levels, shedding 160 points or 1.82%. The rupee opened at 63.84, depreciating by 20 paise against its previous close of 63.64. Meanwhile, Greek banks and stock exchange would be shut on Monday.

Closing Summary, Market Synopsis: 26th June, 2015

World stocks fall before crunch weekend for Greece; Nifty ends below 8400: Markets have closed the session on a lower note tracking weakness among banks, capital goods and metal shares. Further, global markets are also witnessing weak trend as Greece and its international creditors yet again failed to sign a truce. The Sensex ended down 84 points at 27,812 and Nifty closed 17 points down at 8,381. On the currency front, the rupee continued to trade flat against the US dollar at 63.60 as gains in the US currency overseas capped upside gains. Meanwhile, RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

Morning Summary, Market Synopsis: 26th June, 2015

Flat start!! Nifty Hovers around 8400: Benchmark indices opened the first session of the July F&O series in red tracking the cues from global markets as Greece and its international creditors yet again failed to sign a truce. he 30- share Sensex opened at 27,886 levels, down by 18 points while the 50-share Nifty, which yesterday closed just shy of 8,400 mark, commenced the session at 8,395 levels, down by 3 points. On the currency front, the rupee opened a tad bit lower at 63.64 against its previous close of 63.62.

Closing Summary, Market Synopsis: 25th June, 2015

Markets resume winning streak; Nifty ends tad below 8400: Markets have closed the session on a higher note with capital goods and oil shares leading the gains. Ignoring Greek woes, the sentiment was boosted as earlier in the day Prime Minister Narendra Modi launched smart cities, housing for all and urban rejuvenation schemes for Asia's third largest economy. Also, the south-west monsoon has been above normal so far in June, stoking hopes the central bank will cut rates in October than in 2016 as anticipated earlier after delivering three cuts of 25 basis points each in 2015 so far. The Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398 levels. On the currency front, the Indian rupee has marginally strengthened against the greenback to 63.56 levels against its previous close at 63.59 levels.

Morning Summary, Market Synopsis: 25 th June, 2015

Markets have a muted start on F&O expiry day: The markets have started the last session of the June derivatives series on a mildly negative note due to the subdued cues from the Asian front as negotiations to avert a Greek debt default go to the wire. Developments relating to Greece and the expiry of future & options contracts for June series are likely to impact sentiment today. At 9.45 am, the Sensex was at 27,746, higher by 17 points or 0.1% and the Nifty was at 8,363, up two points. The rupee opened flat at 63.60 per dollar and was unchanged in early trade compared to previous day's closing value.

Closing Summary, Market Synopsis; 24 th June, 2015

Markets snap 8 days winning streak as Greek Debt drama continues: Markets ended lower, snapping their eight-day winning streak, amid profit taking in late trades on reports that the new proposal presented by Greece to avoid debt default was not acceptable to the creditors. Further, investors have turned cautious ahead of the June derivative contracts set to expire tomorrow. The 30-share Sensex ended lower by 74.70 points at 27,729.67 and the 50-share Nifty dipped 20.70 points at 8,360.85. In the currency front, the Indian rupee was trading lower at 63.65 to the US dollar compared to the previous close of 63.63.

Morning Summary, Market Synopsis: 24 th June, 2015

Nifty reclaims 8400; Positive Monsoon reports helping markets to trade higher: Markets have extended gains with the defensives sectors like FMCG, pharma and software shares leading the gains. By 9:50 AM, the Sensex has gained 82 points at 27,887 and the Nifty has added 23 points at 8,404. On the currency front, the rupee opened at 63.64 levels, 6 paise down against its previous close of 63.58.

The benchmark indices may remain volatile throughout the session ahead of the expiry of the derivatives contract for the June Series tomorrow. But investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis after Athens presented a new set of proposals on Monday.

Closing Summary, Market Synopsis: 23 rd June, 2015

Markets maintain up-trend; ends higher for eighth straight day: Markets have closed firm for eighth straight day led by a rally in metal and capital goods stocks. However, the upside was capped by profit taking in the information technology shares. Market participants are also positive about the good start to the monsoon season, thus raising hopes of easing in the monetary policy by the central bank. Further, efforts to resolve the the Greece debt crisis has also lifted sentiment in the Asian as well as European markets. The Sensex closed higher by 74 points at 27,804.3 and the Nifty gained 28.45 points at 8,381.55. On the currency front, the Indian rupee continued to trade weak by 9 paise at 63.59 levels as the American currency firmed up against other overseas currencies. Meanwhile, markets could turn volatile ahead of the expiry of June derivative contracts on Thursday.

Morning Summary, Market Synopsis: 23 rd June, 2015

Firm start on strong global cues but China stocks down 4%: The market opened higher but soon flattened out quickly within minutes. The F&O expiry later this week could bring in some choppiness. Indices could swing later in the day after a run-up for seven days in a row. China stocks continued its falling streak and fell over 4 per cent in intraday trade. It had slumped more than 13 per cent last week. Japan's Nikkei rose to a fresh 15-year high and was trading above 20,700.

Closing Summary, Market Synopsis: 22 nd June, 2015

Markets gain seventh straight day; Banks rally on rate cut hope: Markets gained for the seventh straight day led by financials and information technology shares. Banking share rallied after concerns over weak monsoon rains eased while the new proposal presented by Greece to avoid debt default also boosted investor sentiment. The 30-share Sensex ended up 414 points at 27,730 and 50-share Nifty ended up 128 points at 8,353. The Indian rupee firmed up against the dollar and trading higher at 63.42 compared to the previous close of 63.82 tracking strong gains in domestic equities. 
Most Asian markets ended with gains while European shares opened sharply higher amid expectations that the debt crisis in Greece would be resolved while merger and acquisitions in the telecom sector also boosted sentiment.

Morning Summary, Market Synopsis: 26 th June, 2015

Markets cheer Greece's proposals to avert default; Nifty opens above 8,250: Markets have started the session on a higher note tracking positive trend among global peers. By 9:30, the Sensex was higher by 168 points at 27,484 and the Nifty gained 53 points at 8,278. Market participants will keep an eye on how the monsoon progresses. The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation. Global events such as Greece outcome could also drive the markets. Further, stock markets may witness volatility this week amid expiry of derivatives contracts.

Closing Summary, Market Synopsis: 19 th June, 2015

Rain halts Mumbai, but no stopping for Markets: Markets gained for the sixth straight session with Nifty settling above the 8,200 levels comfortably supported by sustained buying across the board. RIL displayed a spectacular rally for the sixth straight day on optimism concerning the company's 4G telecom services that is likely to roll out under the Reliance Jio brand in December. The Sensex soared 200 points to end at 27,317 and the Nifty surged 50 points to close at 8,225. Above-normal monsoons, positive macroeconomic numbers coupled with a dovish stance by the Fed bolstered the rally. Also, a modest hike in the Minimum Support Price (MSP) for the Kharif crops by the Government in order to contain inflation proved to be a key driver for the markets as investors anticipate a further rate cut by the RBI in the near term.

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.

Morning Summary, Market Synopsis: 18 th June, 2015

Nifty opens above 8,100; Fed keeps key rates unchanged: Markets have extended gains for fifth straight day and have started higher after the Federal Reserve post the two-day FOMC meet kept the interest rates steady at zero and indicated it may hike interest rates in September. The Sensex has opened higher by 118.72 points at 26,944.47 and the Nifty has gained 25.90 points at 8,117.70. Asian equities rose early on Thursday after the Federal Reserve sounded more dovish than many had expected and led investors to push back their expected timing of a rate hike, while the dollar was put on the defensive on the same token. After a closely-watched two-day meeting, the Fed said the economy was likely strong enough to support an interest rate increase by the end of the year. But it lowered its expectations for 2015 economic growth because of a weak start to the year and reduced its growth and federal funds rate forecast.

Closing Summary, Market Synopsis: 18 th June, 2015

Winning spree intact; market gains for fifth straight day: Markets finished the session on a firm note as the Fed kept the benchmark rates unchanged post its two-day FOMC meet. Meanwhile, the advancement of Monsoons and favorable macroeconomic parameters coupled with a strengthened rupee further lifted the sentiments of the investors. The Sensex soared 283 points to end at 27,116 levels and the Nifty surged 83 points to close at 8,174.6 levels.The rupee was trading higher at 63.85 compared to its previous close of 64.12 after the American currency weakened overseas on the back of sustained selling by exporters and banks while gains in domestic equities also aided sentiment.

Morning Summary, Market Synopsis: 17 th June, 2015

Nifty opens above 8,100; Fed keeps key rates unchanged: Markets have extended gains for fifth straight day and have started higher after the Federal Reserve post the two-day FOMC meet kept the interest rates steady at zero and indicated it may hike interest rates in September. The Sensex has opened higher by 118.72 points at 26,944.47 and the Nifty has gained 25.90 points at 8,117.70. Asian equities rose early on Thursday after the Federal Reserve sounded more dovish than many had expected and led investors to push back their expected timing of a rate hike, while the dollar was put on the defensive on the same token. After a closely-watched two-day meeting, the Fed said the economy was likely strong enough to support an interest rate increase by the end of the year. But it lowered its expectations for 2015 economic growth because of a weak start to the year and reduced its growth and federal funds rate forecast.

Closing Summary, Market Synopsis: 17 th June, 2015

Markets end higher for four straight day: Benchmark share indices gained for the fourth straight session led by index heavyweight Reliance Industries while FMCG shares gained after concerns over monsoon eased. Buying spree continued as the market was oversold due to the correction in the previous weeks while encouraging macro data also helped investor sentiment. FMCG shares rallied as near-term concerns regarding the monsoon eased. Further, the two-day FOMC meet which ends later today could signal the US Fed's stance on interest rates going forward.
The 30-share Sensex ended up 146 points at 26,833 and the 50-share Nifty closed 44 points higher at 8,092. The Indian currency firmed up against the US dollar on the back of selling of the US dollars by banks and exporters while gains in domestic equities also aided sentiment. The rupee is trading higher at 64.13 compared to the previous close of 64.24.

Closing Summary, Market Synopsis: 16 th June, 2015

Markets finish higher amid volatile trades: After a volatile session of trading, markets finished the session on a firm note as investors bought stocks at attractive valuations amid short covering led by a smart rally in the banking shares. The S&P BSE Sensex ended the session at 26,686 levels, up by 100 points while the CNX Nifty reclaimed 8,000 levels and ended the session at 8,047 levels, up by 33 points. On the currency front, the rupee weakened 9 paise and was quoting at 64.22 on the back of fresh capital outflows and strengthening of dollar. Meanwhile, the global markets edged lower amid concerns over Greece debt default. Further, investors would be closely watching the Federal Open Market Committee (FOMC) meeting, which will be held for two days starting today and tomorrow. Investors are expected to get clarity on US Fed rate hike.

Closing Summary, Market Synopsis: 15 th June, 2015

Nifty ends above 8,000 but overall sentiment remained muted: Benchmark share indices ended higher on Monday, shrugging off weak European cues, amid buying in index heavyweights even as auto shares emerged as the top gainers. The 30-share Sensex ended up 161 points at 26,587 and the 50-share Nifty ended up 31 points at 8014. The rupee was trading marginally lower at 64.09 to the US dollar compared to its previous close of 64.06. Markets are seeing value buying at lower levels on the back of improved macros with encouraging April IIP numbers and controlled Inflation. Meanwhile, the wholesale price index (WPI) contracted to 2.36% in May versus -2.65% in the previous month on the back of dropping oil and manufacturing goods prices.