4 December 2013

Get Intraday Tips and Today Updates Sensex, Nifty under pressure


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Today The Intraday market has opened on a tepid note with the Nifty sinking below 6200. The Nifty is down 13.90 points at 6187.95. The Sen-sex is down 48.98 points at 20805.94. About 155 shares have advanced, 139 shares declined, and 23 shares are unchanged. Banks are dragging the indices with ICICI Bank and SBI as major laggards. Other losers are Bajaj Auto , ONGC and M&M. On the gaining side are Sesa Sterlite, Bharti Airtel , Infosys , NTPC and Jindal Steel.
Indian rupee fell 8 paise in early trade on Wednesday to 62.43 per dollar as against previous day's closing of 62.35 per dollar. The dollar index has slipped 0.5 percent in early trade. And the yen enjoys a small reprieve as investors locked in profits ahead of major risk events including US jobs data due later in the week.
Global markets extended losses as uncertainty continued to build over the US Federal Reserve's next step. Dow lost almost 100 points and European markets closed at six week lows. Asia too is trading weak with the Nikkei down over 1 percent in early trade.
In commodities, crude prices surged with Nymex at a four-week high on expectations that the January start up of a pipeline from Cushing, Oklahoma, to the Gulf coast would drain crude stocks at the giant storage hub and also ahead of an OPEC meeting today to chart out production targets.
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