Tuesday 1 September 2015

Nifty opens above 7800, Sensex up over 100 pts; Lupin gains-- 2 Sep 2015

Lupin, Axis Bank, ICICI Bank, Sun Pharma and Hindalco are top gainers in the Sensex.


                                                         
After sharp cuts yesterday, the market has opened higher. The Sensex is up 148.78 points or 0.6 percent at 25845.22 and the Nifty is up 44.20 points or 0.6 percent at 7830.05. About 570 shares have advanced, 135 shares declined, and 34 shares are unchanged. Lupin, Axis Bank, ICICI Bank, Sun Pharma and Hindalco are top gainers in the Sensex.Among the losers are Hero, ONGC, Bajaj Auto, NTPC and Tata Motors. The Indian rupee declined in early trade. It has opened lower by 10 paise at 66.32 per dollar against 66.22 a dollar on Tuesday. Himanshu Arora, Religare feels the rupee is expected to trade slightly weak today amid a slew of negative data releases from US to China. He says the range for rupee today is seen between Rs 65.95-66.60/USD. Dollar slipped against the yen and the euro as the fall in equity markets forced investors to unwind well established trades, sending the euro and safe-haven yen higher. Meanwhile, mainland shares led losses in Asia, tracking offshore losses driven by persisting concerns over the health of China's economy. However, Japan's Nikkei 225 index managed to stage a rebound by mid-morning trade, probably inspired by the near 1 percent rises in the S&P 500 futures and Dow futures in early Asian trade. Wall Street ended in correction territory overnight, with the major averages closing down nearly 3 percent in their third-largest daily decline for 2015. In their worst start to September in 13 years, the Dow Jones Industrial Average and S&P 500 had their worst first-of-the-month trading day of a month since March 2009. The tech-heavy Nasdaq had its worst first trading day since October 2011. Crude prices declined sharply with Nymex crude sliding to 44 dollars a barrel. Also a report showed US crude stocks rose last week. In the precious metals space, gold prices remained steady at around USD 1130 an ounce.


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1 comment:

  1. Today Stock Market Tips

    Sell ​​target stoploss of Rs 335 and Rs 351, Bharti Airtel

    Buy Glenmark goal stoploss of Rs 1165 to Rs 1095

    Buy Dishman Pharma target of Rs 236 stoploss of Rs 218

    Sell ​​Canara Bank targets Rs 260 stoploss of Rs 278

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