Wednesday, 21 May 2014

Stock MCX Market Updates and Recommendations

Since the election results were announced last week — handing out a clear mandate to the Narendra Modi-led BJP — real estate brokers across the country have been prodding buyers to book their dream homes fast, since with a stable government on the cards, builders could increase prices any time soon. 

India's BSE index is down 0.36 percent, while the broader NSE index is 0.35 percent lower.Foreign investors sold Indian cash shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday, their first sales since April 16, provisional data from the NSE and SEBI showed.

The BSE Sensex and Nifty oscillated between gains and losses in early trade on Wednesday, a sign of market consolidation after a record rally. Broader markets outperformed, keeping up with the trend seen over last few days. The rupee also slipped to 58.84 per dollar, down 0.35 per cent compared to Tuesday's close.

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