Sun Pharma, Bajaj Auto, Wipro, ONGC, NTPC are top gainers while Infosys, Tata Steel, Vedanta, Hindalco and Tata Motors are major losers.
The market has opened with small cuts. The Sensex is down 22.72 points at 28159.42, and the Nifty is down 18.65 points at 8510.80. About 270 shares have advanced, 246 shares declined, and 72 shares are unchanged. Sun Pharma, Bajaj Auto, Wipro, ONGC, NTPC are top gainers while Infosys, Tata Steel, Vedanta, Hindalco and Tata Motors are major losers.
The Indian rupee opened with a marginal loss of 7 paise at 63.58 per dollar on Wednesday against previous close of 63.51. Himanshu Arora of Religare said, "The USD-INR pair is expected to trade in a rangebound fashion today with bearish bias amid weakness in dollar. Fresh selling of dollars by banks and exporters is expected to support the rupee today." The euro rebounded from three-month lows against the dollar as an easing of pessimism about Greece. The yen rose versus the greenback on upbeat remarks on inflation from the Bank of Japan Chief. Asian markets have opened weak with Japan's Nikkei down more than a percent as the fall in commodity prices continues. Globally, too stocks in the US closed lower with lackluster earnings from a few blue chips pressuring the Dow Jones Industrial Average 1 percent. Greece's stock exchange remained closed, while the local banks re-opened on Monday for the first time in three weeks. Crude prices continue to remain volatile with NYMEX crude trading above 50 dollars per barrel and Brent holding around 56 dollars per barrel. Gold hovers near 5-year lows with more losses expected in the coming months following Monday’s "bear raid" when sellers dumped an estimated 33 tons in just two minutes.
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The market has opened with small cuts. The Sensex is down 22.72 points at 28159.42, and the Nifty is down 18.65 points at 8510.80. About 270 shares have advanced, 246 shares declined, and 72 shares are unchanged. Sun Pharma, Bajaj Auto, Wipro, ONGC, NTPC are top gainers while Infosys, Tata Steel, Vedanta, Hindalco and Tata Motors are major losers.
The Indian rupee opened with a marginal loss of 7 paise at 63.58 per dollar on Wednesday against previous close of 63.51. Himanshu Arora of Religare said, "The USD-INR pair is expected to trade in a rangebound fashion today with bearish bias amid weakness in dollar. Fresh selling of dollars by banks and exporters is expected to support the rupee today." The euro rebounded from three-month lows against the dollar as an easing of pessimism about Greece. The yen rose versus the greenback on upbeat remarks on inflation from the Bank of Japan Chief. Asian markets have opened weak with Japan's Nikkei down more than a percent as the fall in commodity prices continues. Globally, too stocks in the US closed lower with lackluster earnings from a few blue chips pressuring the Dow Jones Industrial Average 1 percent. Greece's stock exchange remained closed, while the local banks re-opened on Monday for the first time in three weeks. Crude prices continue to remain volatile with NYMEX crude trading above 50 dollars per barrel and Brent holding around 56 dollars per barrel. Gold hovers near 5-year lows with more losses expected in the coming months following Monday’s "bear raid" when sellers dumped an estimated 33 tons in just two minutes.
For More Detail Visit Our Site-- http://www.allianceresearch.in/
Or Call On -- 9993716323, 0761-4032175
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