EntMnt Xclusive Stock Market Updates & Discussions

Technoglitch

Technoglitch

Core Member
The rupee depreciated by 8 paise to trade at 66.95 against the US dollar in early trade, due to sustained demand for the American unit from importers and banks amid a lower opening in the domestic equity market.

This was the fifth consecutive day of fall. Forex dealers said apart from increased demand for the US currency from importers, foreign fund outflows and rising global crude oil prices amid dollar's gains against other currencies overseas put pressure on the rupee.

The domestic unit had lost 7 paise to close at 66.87 in yesterday's trade.

Rupee Weak Against Dollar For Fifth day; Falls To 66.95 – NDTV Profit
 
Deepu

Deepu

EntMnt Legend
Finest Member
Sensex sinks 305 pts, Nifty below 7800 on Fed rate hike fears

The market shed more than 1 percent in late extended sell-off on Thursday, tracking nervousness in global peers after Fed minutes indicated rate hike in June policy. The 30-share BSE Sensex fell 304.89 points or 1.19 percent to 25399.72. The 50-share NSE Nifty breached 7800 level, down 86.75 points or 1.10 percent to 7783.40. Experts are still positive on the market as they are betting on monsoon and gradual recovery in economy despite US rate hike fears but they don't see major upside immediately. Nifty is unlikely to have many upsides from its current levels, said Prashant Mittal of Ambit Capital. According to him, 8000 is acting as a near-term resistance for the index, with 7650 being the support level.

Read more at: Sensex sinks 305 pts, Nifty below 7800 on Fed rate hike fears - Moneycontrol.com
 
Deepu

Deepu

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Finest Member
IndianMascot said:
Yeah. Remaining all money in SIP and I get Google alerts too for SBI. That's why I always update on this.
Click to expand...
All the PSU Banks are sitting on large NPA's. Until they clean their Balance sheet they will not give good returns
 
Technoglitch

Technoglitch

Core Member
Key benchmark indices retained positive zone in mid-morning trade. At 11:16 IST, the barometer index, the S&PBSE Sensex, was up 46.93 points or 0.19% at 25,348.83. The Nifty 50 index was currently up 17.10 points or 0.22% at 7,766.80. The Sensex fell 1.42 points, or 0.01% at the day's low of 25,300.48 in mid-morning trade. The barometer index jumped 217.36 points, or 0.86% at the day's high of 25,519.26 in early trade, its highest level since 19 May 2016. The Nifty rose 6.60 points, or 0.09% at the day's low of 7,756.30 in mid-morning trade. The index rose 70.90 points, or 0.91% at the day's high of 7,820.60 in early trade, its highest level since 19 May 2016.

The market breadth indicating the overall health of the market was positive. On BSE, 1,115 shares rose and 953 shares fell. A total of 130 shares were unchanged. The BSE Mid-Cap index was currently up 0.36%. The BSE Small-Cap index was currently up 0.32%. Both these indices outperformed the Sensex.

Market trades in positive terrain | Business Standard News
 
Technoglitch

Technoglitch

Core Member
The BSE Sensex opened 145.82 points, or 0.58 per cent higher at 25,447.72. Nifty 50 index opened 64.25 points, or 0.83 per cent up at 7,813.95.
 
Technoglitch

Technoglitch

Core Member
Stocks of public sector banks and index heavyweights HDFC and Infosys led losses for the two key benchmark indices. The barometer index, the S&P BSE Sensex, fell 71.54 points or 0.28% to settle at 25,230.36. The Nifty 50 index fell 18.65 points or 0.24% to settle at 7,731.05.

Shares of pharma major Lupin extended previous session's steep losses triggered by concerns surrounding its Goa facility as it has yet to resolve concerns raised by US Food and Drug Administrator's (USFDA) observations on the manufacturing unit. Index heavyweight and cigarette major ITC extended previous trading session's gains triggered by the company announcing a 1:2 bonus share issue at the fag end of the trading session at the time of the announcement of its Q4 March 2016 results. Multi Commodity Exchange of India (MCX) surged after the Reserve Bank of India (RBI) after trading hours on Friday, 20 May 2016, announced the removal of the restrictions placed on purchase of the company's shares by foreign institutional investors (FIIs) with immediate effect.

Asia Pacific Market: Stocks end mixed | Business Standard News
 
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