18 November 2015

Live Market Update By CapitalHeight


The market has opened on a flat note following lacklustre global cues Wednesday. The Sensex fell 10.44 points to 25854.03 and the Nifty declined 7.95 points to 7829.60.
              Infosys fell again on margin warning, down nearly 2 percent. HDFC, TCS, Axis Bank, Hero Motocorp and ONGC were down over 0.4 percent.
           ITC continued to be lead contributor to Sensex's gains, up 0.5 percent followed by Tata Motors, Lupin.
            The Indian rupee has opened lower by 10 paise at 66.12 per dollar today against previous days's closing value of 66.02 a dollar. 
          Pramit Brahmbhatt of Veracity said investors are expected to trade cautiously ahead of data due this week. According to him, the rupee is expected to trade weak taking cues from a strong dollar. He sees the range for the rupee between 65.60-66.40/dollar today.
            The Indian stock market ended higher on Tuesday, extending previous session's gains, although most of the early gainers retreated as the day progressed due to stiff resistance at higher levels.
       A firm trend in global markets and data showing a lower trade deficit aided sentiment. The mood, however, was quite cautious for most part of the session due to lingering concerns about near term outlook for the global economy.
              Retail car demand saw a pick-up this festive season, says RC Bhargava, Chairman of Maruti Suzuki adding that November sales are also looking ‘reasonably good’ currently.
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The Indian stock market is likely to open on a cautious note with a somewhat negative bias, tracking mixed global cues. Data showing foreign investors to have sold shares worth a net Rs 493 crore on Tuesday may also weigh on sentiment.  CapitalHeight Research Pvt. Ltd. stock cash tips, Intraday trading tips on Equity and Commodity Market, Intraday tips, intraday trading tips, please visit this site at www.capitalheight.com/about.php or call at +91 9993066624, 0731-6615050.

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