Today The Intraday market slips marginally in early trade on
Monday following weakness seen in its Asian counterparts on uncertainty over
timing of scaling back US fiscal stimulus by Federal Reserve. The Sensex
declined 23.51 points to 20,692.07, and the Nifty slipped 7.20 points to
6,161.20. HDFC Bank, ITC, Tata Motors, Reliance Industries, Infosys, Sun
Pharma, Jindal Steel, BHEL and Hero MotoCorp declined between 0.4-1.4 percent.
Meanwhile, Indian rupee opened flat at 62.15 per dollar on
Monday as against Friday's closing value of 62.12 per dollar. Asian markets are
in the red ahead of a crucial Fed policy meet later this week. China HSBC PMI
fell to a 3-month low.
Indian
markets fell on Friday to mark their biggest weekly fall in nearly a month, as
rate-sensitive stocks such as banks fell on caution ahead of the RBI’s policy
review and the US Fed meet next week to decide the course of its monetary
stimulus. Nifty down by 68 pts, closed at 6168. Sensex down by 210 pts, closed
at 20715. Europe is trading weak.
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