Free Investment News on Indian Stock Market

The domestic markets opened marginally higher today. The S&P Sensex was testing 28,000 level in morning trades. The NSE's barometer Nifty was testing its crucial psychological level of 8,450 level.  Hindustan Petroleum Corp rises 2.5 pct; Bharat Petroleum Corp gains 1.9 pct and Indian Oil Corp advances 2.3 pct.U.S. crude prices tumble most since April on surprise stock build.Oil retailers to outshine as business outlook gets even better.

The only thing currently in favour of the market is a huge line-up of IPOs and history suggests that market has always held on during those periods. Indigo, Infibeam, TeamLease, Catholic Syrian, Cafe Coffee Day, Matrix Cellular, RBL Bank, GVK Airport Developers are the IPOs slated to come out. Going forward the prediction on rains for July, Aug, Sep are not so encouraging and is a cause for worry and  politics is likely to derail monsoon session of the Parliament.

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