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.
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.
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 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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