Hindalco, Tata Steel, Vedanta, SBI, ICICI Bank, Yes Bank and Tech Mahindra were early gainers, up 2.5-4.5 percent. However, NMDC, Dr Reddy's Labs and NTPC saw some selling pressure.
The market recovered sharply amid consolidation in early trade Tuesday, backed by short covering after yesterday's steep collapse led by global rout. The Sensex gained 308.79 points or 1.20 percent at 26050.35 and the Nifty rose 94.30 points or 1.21 percent to 7903.30. About 488 shares have advanced, 371 shares declined, and 33 shares are unchanged on the BSE. Hindalco, Tata Steel, Vedanta, SBI, ICICI Bank, Yes Bank and Tech Mahindra were early gainers, up 2.5-4.5 percent. However, NMDC, Dr Reddy's Labs and NTPC saw some selling pressure. The Indian rupee has rebounded in early trade Tuesday on hopes of likely recovery in equity markets after yesterday's global carnage. The currency gained 10 paise to open at 66.55 per dollar today against previous day's closing value of 66.65 a dollar. It extended its recovery to 66.40 a dollar, up 23 paise in morning trade. Pramit Brahmbhatt of Veracity expects the rupee to trade weak tracking the local equity movement though Reserve Bank of India (RBI) is expected to support the rupee at lower levels. According to hitm, the range for rupee today is seen between 66-67.20/dollar. The US dollar fell more than 1.5 percent against major world currencies. The dollar index slipped below 94 mark. with the euro near 1.15 and the yen stronger near 119 versus the greenback.
For More Detail Visit -- http://www.allianceresearch.in/
Or Call On - 0761-4025251, 9993716323
For More Detail Visit -- http://www.allianceresearch.in/
Or Call On - 0761-4025251, 9993716323
No comments:
Post a Comment