16 January 2015

Accurate Indian Stock Market Tips ;Stock Market edges lower in early trade

 
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After the stellar rally on Thursday, the Indian Stock market has opened flat today. The Sensex is down 18.94 points at 28056.61 and the Nifty is up 9.90 points at 8504.05. About 287 shares have advanced, 182 shares declined, and 235 shares are unchanged. HDFC Bank, HUL, Axis Bank, Sesa and Cipla are top gainers in the Sensex while GAIL, Maruti, Tata Steel, BHEL and HDFC are losers.
TCS is down 2 percent post its December quarter results. The Indian rupee opened flat at 62.08 per dollar against previous close of 62.06. The euro hovered above 11-year low as investors bet the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week.
Globally, US markets fell for the fifth day with the S&P 500 closing below 2,000 for the first time in a month. Asian markets too are trading in the red tracking Wall Street losses with the Japanese Nikkei down almost 2 percent. In other asset classes, Nymex Crude reversed early gains to drop over 4 percent to USD 46 dollars per barrel.Gold prices, however, jumped to a four-month high.

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