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.

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.

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.

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.

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.

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.

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.

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.

Morning Summary, Market Synopsis: 12 th June, 2015

Markets flat; Nifty hovers around 7,950: Markets have recovered and are trading marginally in positive zone supported by index heavyweight Relinace Inds. RIL is trading firm the annual general meeting, which will be held today. By 9:36, the S&P BSE Sensex was higher by 32 points at 26,403 levels and the CNX Nifty is trading flat at 7,963 mark. Among macro-economic front, the government is scheduled to unveil industrial production data for April 2015 today. The government is also scheduled to unveil the consumer price index (CPI) data for the month of May 2015.

Morning Summary, Market Synopsis: 12 th June, 2015

Markets flat; Nifty hovers around 7,950: Markets have recovered and are trading marginally in positive zone supported by index heavyweight Relinace Inds. RIL is trading firm the annual general meeting, which will be held today. By 9:36, the S&P BSE Sensex was higher by 32 points at 26,403 levels and the CNX Nifty is trading flat at 7,963 mark. Among macro-economic front, the government is scheduled to unveil industrial production data for April 2015 today. The government is also scheduled to unveil the consumer price index (CPI) data for the month of May 2015.

Morning Summary, Market Synopsis: 12th June, 2015

Markets end with modest gains; amid consolidation: Markets finished the session on a firm note led by financials after Finance Minister in discussion with the banks laid stress on clearing the stalled infrastructure projects and capital infusion in public sector banks. However, upside gains were capped on profit taking in IT shares and investors remained wary ahead of the release of key macroeconomic data, CPI and IIP. Meanwhile, the worsening of deadlock between Greece and its creditors over reforms after International Monetary Fund IMF quit the talks hurt the sentiments. The Sensex gained 54 points to end at 26,425 and the Nifty climbed 18 points to close at 7,983. The rupee declined for the second straight day and is quoting at 64 against the US dollar tracking weakness in the Indian equities.

Morning Summary, Market Synopsis: 11 th June, 2015

Markets open higher amid firm global cues: Markets have opened higher tracking strength among the global peers amid easing of Greek debt crises. The narrowing of the government's current account deficit (CAD) along with MSCI’s decision of deferring inclusion of China A stocks to its benchmark indices which had triggered the continuous outflow of funds by the foreign investors has lifted the sentiments of the market participants. At 9.45 AM, S&P BSE Sensex was up 91 points at 26,931 levels and the CNX Nifty gained 22 points to trade at 8,146 mark. 

On the macro-economic front, India’s current account deficit (CAD) declined sharply to $1.3 billion (0.2% of gross domestic product) in the quarter ended March from $8.3 billion (1.6% of GDP) in the quarter ended December.

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.

Morning Summary, Market Synopsis: 9 th June, 2015

Nifty holds 8,000 levels in opening trades: Markets have opened lower tracking losses in the global peers amid weak Chinese inflation data. Ongoing Greek debt crises, possibility of Fed rate hike coupled with monsoon woes has further hurt the trading sentiments. At 9.30 AM, the Sensex is 46 points lower at 26,477 levels and the Nifty is down 16 points quoting at 8,028. US and European stocks fell overnight as investors investor remain cautious on ongoing debt talks in Greece and the possibility of a US interest rate hike sooner than expected.

Morning Summary, Market Synopsis: 8th June, 2015

Markets end lower fifth straight day; Nifty slips below 8,050 to end at lowest close in 2015: Benchmark share indices extended losses for the fifth straight day to end at their lowest closing levels in 2015 on concerns of foreign fund outflows after robust US jobs data raised hopes that the US Fed may hike interest sooner than expected. Further, investors also remained cautious ahead of CAD data due later today while the ongoing Greek debt crises and decline in the Rupee also weighed on sentiment. The 30-share Sensex ended down 245 points at 26,523 and the 50-share Nifty ended down 71 points at 8,044. The rupee is trading down at 64.05 against the dollar on the back of higher dollar demand from banks and importers.

Morning Summary, Market Synopsis: 8th June, 2015

Weakness prevails; Nifty fails to hold 8100: Markets are trading lower tracking weakness among global markets on the back of a firm US jobs data raising fear of Fed interest rate hike. Movement of rupee and crude prices coupled with progress of monsoons will dictate the trend on the bourses during the session. By 9:35 am, the Sensex was lower by 156 points at 26,612 and the Nifty dipped 50 points at 8,064 in the opening trades. Among broader markets, BSE Mid-cap and Small indices are down between 0.1-0.5%. 
In other major development, on Friday, OPEC agreed to keep the production target of 30 million barrels of oil per day unchanged which is likely to add to the further decline in the oil prices due to oversupply glut.

Morning Summary, Market Synopsis: 4 th June, 2015

Markets open on a cautious note; Rupee breaches 64 levels: After two days of steep downfall, markets have opened the session on a flat note tracking strength in the global peers amid drop in crude prices. However, persistent sell off by the foreign investors, rise in bond yields in US and Germany coupled with fears of rise in inflation due to inadequate rains are capping the gains on the exchanges. At 9.25 AM, the Sensex is down 7 points at 26,830 levels and the Nifty has lost 10 points at 8,125 level. The rupee is quoting at 64.2 against the US dollar in the early trades tracking weakness in the domestic equities.

Morning Summary, Market Synopsis: June 3, 2015

Sensex falls over 130 points, Nifty below 8,200: Markets have extended yesterday’s losses and have opened lower weighed down by FMCG major ITC and bank shares. At 9:46 AM, the 30-share Sensex was down 142 points at 27,045 and the 50-share Nifty was down 48 points at 8,188. Indices slumped almost 2% yesterday even as the rate cut by the RBI was in line with street expectations, as downgrade of monsoon forecast raised fears of higher inflation adding to the uncertainty of further easing of key policy rates in the near future. The India Meteorological Department (IMD) on Tuesday revised its projection of the 2015 monsoon from slightly less than normal to deficient as the El Niño weather phenomenon gained strength, pushing parts of the country to the brink of an expected drought.

Morning Summary, Market Synopsis: 2 nd May, 2015

Markets open flat ahead of RBI monetary policy: Markets have opened the session on a cautious note ahead of the RBI monetary policy review later during the day. The investors are expecting a rate cut from the central bank in order to revive the ailing economy. At 9.35 AM, the Sensex opened at 27,690 levels down by 158 points and the Nifty is quoting at 8,390 mark lower by 43 points. On the economic front, growth in the crucial core industries came in as a disappointment in the new fiscal, analysts said, with April being the second month of contraction with continued weakness in the demand led industries of steel and cement.