The market has opened firm on Wednesday. The Sensex is up 179.71 points or 0.7 percent at 24861.74 and the Nifty is up 52.50 points or 0.7 percent at 7562.80. For more information please visit us at www.capitalheight.com/about.php or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 6615050.
Market Outlook:-
- The Indian rupee has opened marginally higher at 66.82 a dollar compared to 66.86 per dollar in previous session.
- Pramit Brahmbhatt, Veracity says considering weakness in equity market, the rupee has managed to remain below Rs 67/USD.
- Abraaj Group, a Dubai-based private equity investor, said on Wednesday it plans to buy a majority stake in Quality CARE India Ltd, which runs CARE Hospitals, from global PE firm Advent International, marking the emerging markets-focused firm's latest investment in India.
- E-commerce startup ShopClues.com raised funds in a new round that values the company at more than $1.1 billion, propelling it into the growing ranks of Indian unicorns.
- Asian shares crept off four-year lows on Wednesday as China's efforts to stabilize its currency brought a moment of calm to equity markets, even as oil marked a sorry new milestone under USD 30 a barrel.
- Shares of Apple rose 1.5 percent on a broker upgrade, underpinning the broader market.
- Crude futures rose on Wednesday for the first time in eight days, with US oil pulling further away from the widely watched USD 30-per-barrel level breached the previous session, after US crude stocks unexpectedly fell last week.
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