Get Free Intraday Trading Tips with Indian Market Updates

Equity benchmarks turned volatile after strong opening on Wednesday. The 30-share BSE Sensex opened more than 100 points higher but could not sustain entire gains. 

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Today Market News:-

• The index rose 53.10 points to 25869.46 and the 50-share NSE Nifty advanced 7.15 points to 7921.85.
• HDFC gained 2.4 percent after the company's board approved 10 percent stake sale in its insurance arm HDFC Life Insurance through public offer.
• TCS fell 1.6 percent after missed analysts' expectations on Q4 margin front, though profit beat forecast.
• Globally, Asian markets remained mixed with Shanghai falling 2.5 percent and Hang Seng down 1 percent while Nikkei rose 0.3 percent.
• Neelkanth Mishra of Credit Suisse says commodity prices have rebounded from 25-year lows hit in January 2016 and prices are up for most large commodities.
• The S&P 500 and Dow Jones closed at their highest levels of the year so far. The S&P 500 closed above the psychologically key 2,100 level for the first time since December 1, 2015.
• The Reserve Bank is expected to go for another 50 bps rate cut in the current financial year as there is room for further easing in monetary conditions, a Morgan Stanley report says.

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