26 December 2014

Indian Stock Market Tips; Nifty above 8200, Sensex firm

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The Indian equity market is likely to open on a marginal positive note today with the SGX Nifty trading at 8298, up 8.50 points at 7:20 am. Expiry day jitters dampened the sentiment on Dalal Street with the Nifty dropping below 8,200 and Sensex losing about 300 points on Wednesday.
The market has opened with marginal gains. The Sensex is up 64.99 points at 27273.60 and the Nifty is up 32.00 points at 8206.10. About 571 shares have advanced, 218 shares declined, and 20 shares are unchanged. Coal India, SBI, HDFC, ICICI Bank and Tata Power are top gainers in the Sensex.
Among the losers are GAIL, ITC, Maruti, Dr Reddy's and Hindalco. Global markets, meanwhile, are mixed with the US stocks ending near unchanged on Wednesday, with the Dow furthering its record climb, a day after its first trip above 18,000. The jobless claims fell by 9,000 to 280,000 last week. European shares also finished mixed on Wednesday with reports of an acquisition in the pharma sector leading the market.
In Asian markets, Japanese shares kick off trade on a weak note following the release of a mixed bag of economic data. The yen slips against the dollar to trade at 120.34. In commodities, crude prices slip with Brent at USD 60 per barrel as crude inventories unexpectedly surged last week as imports jumped and refineries maintained output. Back home, major public sector bank reforms may be on the anvil.

1 comment:

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