5 January 2015

Today Indian Share Market Tips; Nifty above 8400, Sensex volatile

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The Indian share market has opened with gains. The Sensex is up 92.99 points at 27980.89 and the Nifty is up 25.25 points at 8420.70. About 800 shares have advanced, 181 shares declined, and 622 shares are unchanged. L&T, Tata Power, Tata Steel, Maruti and Sesa are top gainers in the Sensex. Coal India, HDFC Bank, Dr Reddy's Labs, ONGC and GAIL are among thle laggards.
The Indian rupee slipped in the early trade. It has opened lower by 14 paise at 63.43 per dollar versus 63.29 Friday.The euro fell to its lowest since June 2010, after Draghi told the German financial newspaper that the ECB was less likely to preserve price stability than it was six months ago, suggesting it was ready to take bolder steps on monetary stimulus early this year.
Asian markets re-opened on a weak note this morning with the Nikkei losing more than a 1 percent as yen gains some strength. Japanese markets have been shut since last Wednesday for the holiday season Kospi dropped to a one-month low as losses in blue-chips weighed on the bourse.

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