The market has slipped into red. The Sensex is down 51.61 points at 28368.51, and the Nifty is down 13.40 points at 8590.05. About 695 shares have advanced, 574 shares declined, and 90 shares are unchanged. Sun Pharma is down 14 percent while Vedanta, Tata Motors, ONGC and Axis Bank are major losers in the Sensex. Infosys is still up 5 percent, Bharti, Coal India, Wipro and HDFC are top gainers.
The market has opened in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares declined, and 85 shares are unchanged. Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel. The Indian rupee has opened lower at 63.70 per dollar against previous day's closing value of 63.66 a dollar. Ashutosh Raina of HDFC Bank said, "The somewhat stable situation in Greece and chances of a Fed rate hike sent dollar soaring with Gold hitting a 5-year low." The dollar reached its highest in three months against a basket of currencies on a rise in US bond yields as traders built bets the Federal Reserve would raise interest rates later this year. Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities. Gold prices plunged to their lowest in more than five years while copper prices hit their lowest in nearly two weeks. Oil prices fell on signs of a growing glut in refined products to pull the S&P energy index down 1.3 percent. Asian stocks traded mixed early Tuesday, as traders kept a wary eye on the drop in commodity prices.
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The market has opened in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares declined, and 85 shares are unchanged. Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel. The Indian rupee has opened lower at 63.70 per dollar against previous day's closing value of 63.66 a dollar. Ashutosh Raina of HDFC Bank said, "The somewhat stable situation in Greece and chances of a Fed rate hike sent dollar soaring with Gold hitting a 5-year low." The dollar reached its highest in three months against a basket of currencies on a rise in US bond yields as traders built bets the Federal Reserve would raise interest rates later this year. Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities. Gold prices plunged to their lowest in more than five years while copper prices hit their lowest in nearly two weeks. Oil prices fell on signs of a growing glut in refined products to pull the S&P energy index down 1.3 percent. Asian stocks traded mixed early Tuesday, as traders kept a wary eye on the drop in commodity prices.
For More Detail Visit Our Site -- http://www.allianceresearch.in/
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