GAIL, Dr Reddy's Labs, Wipro, Hero MotoCorp and TCS are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Lupin, Bharti Airtel and Reliance.
The market has opened flat as the Sensex is down 23.77 points at 25818.15. The Nifty is down 12.80 points at 7829.95. About 550 shares have advanced, 260 shares declined, and 48 shares are unchanged. GAIL, Dr Reddy's Labs, Wipro, Hero MotoCorp and TCS are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Lupin, Bharti Airtel and Reliance. The Indian rupee has opened higher by 8 paise at 66.10 per dollar on Friday against previous close of 66.18 a dollar. NS Venkatesh of IDBI Bank said, "The rupee closed marginally stronger yesterday based on the improved risk appetite seen in the market. There was marginal weakening of the dollar on account of the FOMC Minutes which suggested a gradual lift-off from December." The dollar weakens across the board as investors cashed in recent gains driven by widespread expectations of a US Fed interest rate increase next month. Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand. Markets showed limited reaction to comments from Fed Vice Chairman Stanley Fischer that the Federal Reserve has telegraphed its imminent interest rate hike so well to avoid rate liftoff surprise.
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Or Call on -- 9993716323, 0761-4032175
The market has opened flat as the Sensex is down 23.77 points at 25818.15. The Nifty is down 12.80 points at 7829.95. About 550 shares have advanced, 260 shares declined, and 48 shares are unchanged. GAIL, Dr Reddy's Labs, Wipro, Hero MotoCorp and TCS are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Lupin, Bharti Airtel and Reliance. The Indian rupee has opened higher by 8 paise at 66.10 per dollar on Friday against previous close of 66.18 a dollar. NS Venkatesh of IDBI Bank said, "The rupee closed marginally stronger yesterday based on the improved risk appetite seen in the market. There was marginal weakening of the dollar on account of the FOMC Minutes which suggested a gradual lift-off from December." The dollar weakens across the board as investors cashed in recent gains driven by widespread expectations of a US Fed interest rate increase next month. Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand. Markets showed limited reaction to comments from Fed Vice Chairman Stanley Fischer that the Federal Reserve has telegraphed its imminent interest rate hike so well to avoid rate liftoff surprise.
For More Detail Visit --- http://allianceresearch.in/
Or Call on -- 9993716323, 0761-4032175
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