Thursday, 6 November 2014
Wednesday, 5 November 2014
Closing Summary, Market Synopsis: 5 th November, 2014
Key benchmark indices hit their all-time high on Wednesday, their fourth consecutive record high, with the benchmark BSE index crossing the 28,000 mark for the first time as lenders continued to rally on hope for early interest rate cuts. Nifty shut shop at 8338.3 up by 0.17%(14 points). Banking stocks, PSU OMCs, and pharma stocks rose, metal & mining and cement stocks dropped.
The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.
The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.
Commodity Market Update (Crude Oil)
Precious Metals are trading sharply lower with Gold trading at 1146.60 an ounce. The support of 1150.00 has been breached and the outlook is bearish on Gold. Silver is also performing in the same manner with the next support level is seen at 14.70 an ounce. Base metals are negative on LME with Copper trading at 6575.00, lower more than a percent along with all other metals. Lead is the worst performer to record the maximum decline, by 1.80% as we write this. On NYM, Crude Oil and Natural Gas are trading mixed with Crude Oil trading 76.77 per barrel and Natural gas is at 4.18, +1.40, at the time of writing this. Bias for Crude Oil is negative and we expect prices to ease lower in coming days.
Morning Summary, Market Synopsis: 5 th November, 2014
The market has opened on a higher note. The Sensex is up 80.29 points at 27940.67 and Nifty also opened higher at 8345.25. The Indian rupee opened marginally lower at 61.35 per dollar on Wednesday against 61.40 on Monday. Asian markets were trading lower on Wednesday. Sentiment in Asia was also under further pressure after the European Commission cut its growth forecasts for the euro zone on Tuesday. The body now forecasts growth of just 0.8 percent this year, down from the 1.2 percent forecast in May. On BSE, Midcap and Small cap are trading higher by 0.73% and 0.88% respectively.
Further the market breadth stands positive with 1505 shares are seen advancing against 856 declining shares.
Further the market breadth stands positive with 1505 shares are seen advancing against 856 declining shares.
Monday, 3 November 2014
Closing Summary, Market Synopsis: 3rd November, 2014
Key benchmark indces hit a third consecutive record high on Monday but the gains fizzled out later in the session, with both indexes ending flat as automakers such as Tata Motors declined after monthly sales fell. Thebroader Nifty closed 0.02 percent higher at 8,324.15 points. Data showing a modest pick-up in Indian factory activity, according to the HSBC Manufacturing Purchasing Managers' Index (PMI), failed to have much of an impact.
The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.
The market breadth indicating the overall health of the market was positive but in Nifty50 stocks, the advance to decline stood at 23 advances to 27 declines.
Morning Summary, Market Synopsis: 3rd September, 2014
The market continues its uptrend on Monday as the benchmark indices have opened at record high again. The Sensex is up 85.20 points at 27951.03 and the Nifty is up 26.10 points at 8348.30. The Indian rupee opened lower by 14 paise at 61.50 per dollar versus 61.36 Friday. The yen fell to a fresh seven-year low against the dollar, extending a massive selloff sparked by the Bank Of Japan's surprise decision to boost its already huge bond-buying stimulus. In the US, stocks surged on Friday, lifting the Dow industrials and S&P 500 to record closes, after the Bank of Japan unexpectedly expanded stimulus, increasing hopes for the global economy. On BSE, Midcap and Small cap are trading up by 0.75% and 0.79% respectively.
Further the market breadth stands positive with 1383 shares are seen advancing against 765 declining shares.
Further the market breadth stands positive with 1383 shares are seen advancing against 765 declining shares.
Friday, 31 October 2014
Closing Summary, Market Synopsis: 31st October, 2014
Key benchmark indices surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boostingblue-chips shares. The 30-share Sensex rose as much as 1.96 percent to an all-time high of 27,894.32, while the Nifty gained as much as 1.97 percent to mark a record high of 8,330.75, surpassing their previous highs hit on Thursday.
The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 45 advances to 5 declines
The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 45 advances to 5 declines
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