LIVE MARKET UPDATE

Monday 20 June 2016

Live Stock Market News ; Sensex recovers from Rajan's exit news, rupee under pressure

As expected the Indian stock markets opened the week on a bearish note with the rupee tanking nearly 1%, sensex down about 0.6% and government bond yields hardening 3-4 paise, but the recovery in the stock marker was quick, although rupee struggled. Get Live market updates trading tips on www.marketmagnify.com or for current market updates just give Missed Call @78-79-88-11-22

After opening about 150 points lower at 26,476, on the RBI governor Raghuram Rajan's decision on Saturday to not seek another term after his current one ends in early September, the index recovered and at 1015IST, it was up 65 points at 26,691.

Indian Rupee, however, was still in the red, trading at 67.54 to the dollar, weaker by about 50 paise from its Friday close. In the bond market, the benchmark yield on the 10-year government bond was at 7.53%, up from 7.50% on Friday. 

The Indian market is still making steady gains after knee-jerk reaction to Reserve Bank of India's governor Raghuram Rajan not continuing for second term. The Nifty is below 8200-mark, up 14 points or 0.2 percent at 8184.20. 

The Sensex is up 66.11 points or 0.2 percent at 26692.02. Infosys, L&T, TCS, Hero MotoCorp and ONGC are top gainers while Axis Bank, Asain Paints, Lupin, ICICI Bank and Coal India are losers in the Sensex. 

8 comments:

  1. Very interesting post. I was exploring for today's updates and got it here. Even epic research help me by serving all the important share market updates.

    ReplyDelete
  2. By visiting this blog I found a understandable or knowledgeable share market update.
    stock tips

    ReplyDelete
  3. Thanks for sharing this great Post..it's really good...
    Stock Market Tips

    ReplyDelete
  4. Thanks for sharing share market updated news... I am very glad to visit your blog...
    CapitalStars

    ReplyDelete
  5. Gold December delivery has declined 0.5 percent at $ 1,320.25 an ounce. capitalstars

    ReplyDelete
  6. Thanks for contributing your important time to post such an interesting & useful collection.

    Intraday Trading Stocks
    Profit Vista

    ReplyDelete
  7. Informative post, really interesting post.

    Trade Nivesh

    ReplyDelete