Friday, 22 June 2018

Benchmark Indices Started Off The Trade On A Weak Note Friday



Benchmark indices started off the trade on a weak note Friday amid mixed Asian cues ahead of OPEC meeting decision due later in the day.

The Sensex fell 23.01 points to 35,409.38 and the Nifty declined 12.90 points to 10,728.20.

BPCL, IOC, ICICI Bank, HCL Technologies, Bajaj Finance, Dr Reddy's Labs, Tata Steel and ONGC are early gainers.

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The Market Is Trading Flat In Morning Following Mixed Trade In Asian Peers




The market is trading flat in morning following mixed trade in Asian peers ahead of uncertainty over raising crude output in OPEC meeting decision due later in the day.

Sectoral trend is also mixed while the broader markets are trading in line with frontliners

The 30-share BSE Sensex fell 10.26 points to 35,422.13 and the 50-share NSE Nifty declined 11.60 points to 10,729.50.

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Thursday, 21 June 2018

The Indian Rupee Opened Lower By 12 Paise At 68.19 Per Dollar



The Indian rupee opened lower by 12 paise at 68.19 per dollar today against previous close of 68.07.

Near-month dollar-rupee June contract on the NSE was at 68.13 in the previous session. June contract open interest declined 3.35% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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The Market Continued To Consolidate Amid Rising Fears Of A Global Trade



The market continued to consolidate amid rising fears of a global trade war started by the world's largest two economies US and China.

The Nifty Midcap index underperformed frontliners, falling mildly while the sectoral trend remained mixed.

The 30-share BSE Sensex rose 23.19 points to 35,570.52 and the 50-share NSE Nifty gained 4.20 points at 10,776.20.

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Wednesday, 20 June 2018

Bajaj Finance And Tata Elxsi Were The Few Stocks That Hit Fresh 52-Week Highs



Bajaj Finance, Merck and Tata Elxsi were the few stocks that hit fresh 52-week highs in the morning trade.

On the other hand, 55 stocks hit a new 52-week low. These include Can Fin Homes, HCC, Jain Irrigation Systems, Shree Cement, Tata Power and UPL among others.

The breadth of the market favoured advances, with 918 stocks advancing, 626 declining and 493 remaining unchanged. On BSE, 995 stocks advanced, 706 declined and 80 remained unchanged.

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The Broader Indices Including The Nifty And The Sensex Have Managed



The broader indices including the Nifty and the Sensex have managed to trade in the positive territory.

This Wednesday morning with the Nifty up 23 points at 10,733 and the Sensex is trading higher by 88 points at 35,375.

Nifty realty is the top performing sector led by stocks like Indiabulls Real Estate, DLF, Prestige Estates and Pheonix Mills among others.

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Tuesday, 19 June 2018

Benchmark Indices Started Off The Day On A Negative Note Tuesday



Benchmark indices started off the day on a negative note Tuesday following weakness in the Asian peers on escalated trade war tensions.

The Sensex fell 90.36 points to 35,457.90 and the Nifty declined 30.80 points to 10,769.10.

State Bank of India, HPCL, BPCL, ICICI Bank, UPL, Reliance Industries and Tata Steel are under pressure.

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