Bharti Airtel, Cipla, ICICI Bank, Tata Steel and ONGC are top gainers in the Sensex. Among the losers are TCS, ITC and GAIL.
After severe cut yesterday, the market has opened higher Thursday on strong macro data. The Sensex is up 204.94 points or 0.7 percent at 27717.20, and the Nifty is up 58.50 points or 0.7 percent at 8407.95. About 654 shares have advanced, 205 shares declined, and 71 shares are unchanged. Bharti Airtel, Cipla, ICICI Bank, Tata Steel and ONGC are top gainers in the Sensex. Among the losers are TCS, ITC and GAIL.
The rupee opened marginally higher at 64.72 per dollar against 64.77 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, "The devaluation of yuan on the back of weak exports from China has resulted in unwinding of yuan carry trades in particular against the euro. Asian currencies have come under pressure due to yuan depreciation." Global markets are meanwhile mixed with the US market seeing a sharp recovery led by rising energy shares. The Nasdaq Composite turned positive, ending mildly higher after earlier falling 1.5 percent. Asian markets are trading with a mild positive bias. Nikkei has bounced off two- week lows; the index though is still down more than 1 percent for the week. The German DAX and French CAC both faced heavy selling tumbling over 3 percent, while London's FTSE ended around 1.4 percent lower. In other asset classes, crude prices saw modest recovery following a weaker dollar and lower US crude stockpiles.
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The rupee opened marginally higher at 64.72 per dollar against 64.77 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, "The devaluation of yuan on the back of weak exports from China has resulted in unwinding of yuan carry trades in particular against the euro. Asian currencies have come under pressure due to yuan depreciation." Global markets are meanwhile mixed with the US market seeing a sharp recovery led by rising energy shares. The Nasdaq Composite turned positive, ending mildly higher after earlier falling 1.5 percent. Asian markets are trading with a mild positive bias. Nikkei has bounced off two- week lows; the index though is still down more than 1 percent for the week. The German DAX and French CAC both faced heavy selling tumbling over 3 percent, while London's FTSE ended around 1.4 percent lower. In other asset classes, crude prices saw modest recovery following a weaker dollar and lower US crude stockpiles.
For More Detail Visit -- http://www.allianceresearch.in/index.php
Or Call On -- 0761-4025251 , 9993716323
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