Morning Summary, Market Synopsis: 3rd September, 2014

The market continues its uptrend for another day. The Sensex is up 85.35 points at 27104.74, and the Nifty is up 27.80 points at 8110.85. The Indian rupee gained marginally in the early trade. It has opened at 60.63 per dollar versus previous day's closing value of 60.68 a dollar. The dollar hovered at 14-month highs against a basket of major currencies early on Wednesday, underpinned by upbeat US data and further supported by a sell-off in the yen and sterling. In the US, markets closed mixed with the S&P 500 holding above 2,000 after rising to another intraday record, as energy companies dropped along with the price of oil and investors fretted whether the European Central Bank would make further monetary policy moves this week. European shares slipped to close marginally lower, as investors monitored events in eastern Ukraine and reacted to economic data from the region. On BSE, midcap and Small cap are trading in green with gains of 0.74% and 0.60% respectively.
Further the market breadth stands positive with 1434 shares are seen advancing against 890 declining shares.

Closing Summary, Market Synopsis: 2nd September, 2014

Key benchmark indices continued its upward journey for a third consecutive record high as blue-chips shares gained gained after recent data raised hopes about the economy. The 30-share BSE Sensex rose as much as 0.8 percent to a record high of 27,082.85 before ending 0.57 percent higher. The Nifty also hit a record high, rising as much as 0.92 percent to 8,101.95. It ended up 0.69 percent. However, metal stocks fell on continued worries around pending top court's hearing on Sept. 9 about whether to cancel the allocations of coal blocks it ruled as illegal last week.

The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 34 advances to 15 declines and 1 unchanged.

Commodity Market Update (Silver)

Precious metals extended a decline to the lowest in a week as investors weighed the health of the global economy against tension between Ukraine and Russia. Actively traded Gold contract tested a low of 1274.60 before settling at 1276.70, eased 0.76% or 9.80 points and Silver dropped around half a percent or 7 cents to trade at 19.415 an ounce after having tested a low of 19.385. with the exception of Nickel, Base metals are trading higher since morning and Zinc is leading the group, surging over a percent or 23.25 points to trade at 2379.25 and Copper is up 19.25 points or 0.28% to trade at 6962.25 after having tested a high of 6980.00, followed by rest of the metals which are gaining around half a percent each. WTI Crude Oil is trading down and retreat from two weeks high due to weaker manufacturing data from the world. Front month Crude Oil is trading down at 95.49, ease around half a percent or 46 cents per barrel and Natural Gas is plunging more than a percent or 5 cents to trade at 4.017 per mmbtu.

Morning Summary, Market Synopsis: 2nd September, 2014

After hitting record high, the market has once again opened on a strong note Tuesday. The Sensex is up 63.58 points at 26931.13 and the Nifty up 17.30 points at 8045. The Indian rupee opened marginally lower at 60.58per dollar as against previous day's closing value of 60.52 a dollar. On BSE, midcap and small cap are trading higher with gains of 0.34% and 0.38% respectively. On sectoral front, Healthcare is the top gainer to gain 1.65% while on downside, capital goods is lower by 0.50%, as we write this.
Further the market breadth stands positive with 2 shares are seen advancing against each declining shares.

Closing Summary, Market Synopsis: 1st September, 2014

The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips shares gained after better-than-expected quarterly economic growth data. Resources firms rallied late in the session after the Attorney General proposed to the Supreme Court that about 40 of the 218 coal mines it declared illegal should not be taken back from the companies that operate them as they were either producing or were close to producing.

The 50-share Nifty rose as much as 1.01 percent to a record high of 8,035, surpassing its previous all-time high hit on Aug. 25. It ended up 0.92 percent. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 42 advances to 8 declines.

Commodity Market Update (Gold)

Precious metals are marginally higher on CMX with Gold front month contract is trading at 1290.70, +3.40 points or 0.26% while Silver is higher by 0.37% at 19.56 an ounce. The near term outlook remains slightly bullish for Gold and Silver and we can see prices trading higher for the day. Resistance for Gold is at 1295.00 and we can see prices resisting near this level. Base metal are trading in a broad range with Copper trading at 6940.00 and Nickel is at 18860.0 per ton. Bias remains neutral for base metals. Crude Oil and Natural gas prices on NYM are in red with Crude Oil down by 0.41% at 95.57 and Natural gas is lower by 0.44% at 4.04 per mmbtu.

Morning Summary, Market Synopsis: 1st September, 2014

The Nifty has hit record high at 8000 just minutes after opening at an all time high. The 50-share index is up 50.15 points at 8004.50. The Sensex is up 169.79 points at 26807.90. The Indian rupee opened flat at 60.50 per dollar versus 60.50 Thursday. Euro slipped to a fresh one-year low early as the situation in Ukraine worsened. Meanwhile, pressure on the euro helped the dollar index reach a high not seen in over 13 months. In the US, stocks rose on Friday, lifting the S&P 500 to another record finish, as investors welcomed a better-than-expected read on US consumer confidence and bypassed geopolitical worries. However, US markets will be shut today on account of Labour Day. On BSE, midcap and smallcap is trading up around a percent each. On sectoral front, all sectores are trading in green with Capital Goods performing the best to gain as much as 1.92% as we write this.
Further the market breadth stands positive with 1414 shares are seen advancing against 542 declining shares.