Today’s Intraday Trading Market Update

• Shares of Welspun Corp gained 9.4 percent intraday on getting export order for onshore project in America. "The company has won an order for supply of 2.16 lakh tonnes line pipes for an onshore project in Americas," says the pipe maker.
  
• The market extended upside in early trade Friday with the Sensex hitting 26000-mark, up 63.04 points at 26021.67. The Nifty also reclaimed 7900-mark on first day of December series, up 26.80 points to 7910.60.
  
• The Indian rupee has opened lower by 9 paise at 66.65 per dollar today against previous close of 66.56 a dollar.
• Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure.
  
• Ashutosh Raina of HDFC Bank says the dollar continues to gain against most of its G-10 peers on expectations of Fed hiking rates in December with the dollar index fast approaching this year's high of 100.39.
  
• Asian shares fell and the dollar held near an 8-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.
• The Indian stock market is modestly higher this morning, despite weakness in Asian markets.
  
• The Sensex is up by about 50 points or 0.2% at 26,008.16, after rising to 26,035.57 earlier.
  
• The Nifty is up 17.80 points or 02.23% at 7901.60.

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Reserve Bank of India (RBI) is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on Thursday, a potential boost to the country's nascent distressed debt market. CapitalHeight provide all accurate  Intraday Trading Tips and services through SMS and Instant Messenger. For 2 Days Free Trial, please visit our site at www.capitalheight.com/about.php or Call at 0731-6615050, 9993066624.