Closing Summary, Market Synopsis : 11th December, 2013

The Indian benchmarks ended the day on a negative note on December 11, 2013. The indexes opened negative and continued their down move with side ward bias. However, towards the last half an hour, some buying emerged and pushed the indexes to close higher than the opening level. Now that the euphoria over election results have ebbed down, markets have began tracking the international markets. The Sensex declined 83.85 points to close at 21,171.41, and the Nifty lost 24.95 points to close at 6,307.90. Tata Motors , TCS , Larsen and Toubro , ONGC , Bharti Airtel , GAIL , Tata Power and BHEL plunged 1-3 percent. However, shares of ITC, HDFC, Coal India and NTPC rallied 1-2.5 percent. ICICI Bank and HDFC Bank gained more than 0.5 percent. The midcap index closed in red with the loss of one-tens of a percentage point, while the small cap index closed in green with the gain of eight basis points of a percentage point. On the sectoral front, all indexes except one closed in red. The FMCG Index closed as the biggest gainer with the gain of more than half a percentage point. On the other hand the Capital Goods index closed as the biggest looser with the loss of one and four-tens of a percentage point. This was followed by the Auto Index which closed with the loss of slightly more than one percentage point.

Further, the market breadth closed negative as three stocks were seen advancing against two declining stocks.

Commodity Market Update (Crude Oil)

Precious metals on COMEX are trading lower since morning after its last day’s steep gain. Actively traded Gold contract is down half a percent or 6.20 points to trade at 1254.90 while Silver is trading at 20.275, lower by 0.20% an ounce. Base metals are trading higher on the LME and Nickel is leading the metals group, up 1.26% or 176 points to trade at 14095.00 while Copper is trading almost flat at 7169.75 with a meager gain of 6 points per metric ton, followed by rest of the metals. Crude Oil prices are trading in green at 98.55, up by 4 cents after having a small range of trading session while Natural Gas is trading in red at 4.228, down a cent or 0.21% per mmbtu. Oil traders are waiting for tonight’s Crude Oil Inventories report which may drive the prices to move higher as analysts expected drop in Oil stockpiles by 2.2 Mbd in the week ended 06 December.

Morning Summary, Market Synopsis: 11th December, 2013

The Indian equity market opened in red today extending its losses with the Sensex falling 132.03 points to 21,123.23, and the Nifty losing 39.70 points to fall below the 6,300 level at 6,293.15 at the time of market opening. Indian rupee declined in early trade on Wednesday. It opened lower by 17 paise at 61.22 per dollar as against previous day's closing value of 61.05. The dollar is near a six-week low against major currencies holding around the 80 mark. Euro strengthened on expectations of a banking deal in the euro zone. US markets ended modestly lower on Tuesday, with S&P 500 retreating from a record close ahead of the Fed meet next week. European equities, too, trended lower. On BSE, Midcap and Smallcap are trading lower with Midcap down by 0.06% and small cap is lower by 0.04%. On Sectoral front, FMCG is the top gainer t edge up 0.74% while Auto is down almost a percent as we write this.

Further the market breath stands negative with 536 shares are seen advancing against 681 declining shares.

Closing Summary, Market Synopsis : 10th December, 2013

Key benchmark indices dropped in volatile trade on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. The barometer index, BSE Sensex, was down 71.16 points or 0.33%, CNX Nifty shut shop down by 31 points. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stands at 19 advances to 31 declines.

Central Electricity Regulatory Commission (CERC) website late on Monday, 9 December 2013. CERC's draft regulations have tightened some operational parameters, reducing the use of financial incentives for achieving transmission and generation targets. The guidelines also propose that some of the savings from fuel costs be partially passed on to consumers. The rules need to be finalized by March. NTPC was down 11.35% on huge volumes based on this news.

Commodity Market Update (Silver)

Precious metals are trading higher today with Gold actively traded contract is trading at 1242.0, up by 0.65% and Silver is at 19.92, adding more than a percent as we write this. The near term outlook remains uncertain as investors are worried ahead of uncertainty over the tapering of Fed’s bond purchase program. However, the intraday view is bullish for Gold and Silver and we expect prices to gain in near term. An important resistance for Gold is around 1250.0 while that for Silver is at 20.20 an ounce. Base metals are trading higher today across the LME with Lead and Aluminum gaining 0.72% each at 2124.0 and 1806.0 respectively. Copper is at 7145.0, nominally up by 0.02% as we write this. Crude Oil and Natural gas on NYM are trading in green with a gain of 0.97% and 0.09% at 98.29 and 4.23 respectively. The short term outlook remains positive for base metals and energy commodities.

Morning Summary, Market Synopsis: 10th December, 2013

After more than a 300-point rally on Monday, the market started off Tuesday's trade with mild profit booking amid volatility. NTPC plunged nearly 7 percent after CERC released draft MYT regulations 2014-19 for power generation companies. The Sensex declined 35.93 points to 21,290.49, and the Nifty fell 9.20 points to 6,354.70 at the time of market opening. Indian rupee gained in the early trade today. It opened higher by 15 paise at 60.98 per dollar as against previous day's closing value of 61.13. Asian markets are mixed today as investors remain cautious ahead of the Chinese Industrial production data. US stocks closed higher, with S&P 500 at a record, as Wall Street weighed when the Federal Reserve would begin curbing its monetary stimulus and tracked budget negotiations on Capitol Hill. European equities were strong. On BSE, Mid cap is trading marginally higher y 0.08% while small cap is down by 0.16%. On sectoral front, top performing sector is consumer durable; +0.36% and worst sector is Power which is down by almost 4%.
Further the market breath stands negative with 472 shares are seen advancing against 935 declining shares.

Closing Summary, Market Synopsis : 9th December, 2013

The Indian benchmarks ended the day on a positive note on December 09, 2013. The indexes opened with a gap up on the back of strong performance by BJP in the assembly elections. Positive economic data from US also enthused the market. But the higher opening could not be sustained and indexes came down a bit. However at lower levels there was some sort of consolidation and indexes finally settled in positive. The market closed at record high today. The Sensex rose 329.89 points or 1.57 percent to 21,326.42, and the Nifty climbed 104 points or 1.66 percent to 6,363.90. Sesa Sterlite, ICICI Bank , Maruti Suzuki, L&T, and ONGC were top gainers in sensex, while top losers in sensex were Jindal Steel, Cipla, Tata Steel, Hind Unilever and BHEL. The midcap index and the small cap index closed in green with the gain of half a percentage point and four-tens of a percentage point respectively there by underperforming the main markets. On the sectoral front, most indicies except one closed in green. The Capital Index closed as the biggest gainer with the gains of gain of three and one - tens of a percentage point. This was followed by the Bank Index which closed with the gain of nearly three percentage points . On the other hand the Consumer Durables index closed as the only loser with a loss of just one-tens of a percentage point.

Further, the market breadth closed negative as nine stocks were seen advancing against ten declining stocks.