LIVE MARKET UPDATE

Showing posts with label Indian rupee. Show all posts
Showing posts with label Indian rupee. Show all posts

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. 

Tuesday, 22 March 2016

Daily Equity Market Strategy – Nifty slips below 7700





At 9:34 AM, the S&P BSE Sensex is trading at 25,242 down 43 points, while NSE Nifty is trading at 7,683 down 21 points.

The BSE Mid-cap Index is trading up 0.28% at 10,473, whereas BSE Small-cap Index is trading down 0.21% at 10,470.

BHEL, Lupin,  Sun Pharma, Tata Steel, M&M, Coal India, Maruti Suzuki and RIL are among the gainers, whereas Adani Ports, HDFC, Infosys, Wipro, Hero MotoCorp and Asian Paints are losing sheen on BSE.

Some buying activity is seen in capital goods, realty, energy, consumer durables and metal sectors, while IT, fmcg, banking and Teck sectors are showing weakness on BSE. 

The Indian rupee opened marginally down by 6 paise at 66.58/$ on Tuesday as against the previous close of 66.53/$.