Thursday, 16 July 2015

Nifty holds 8550, Sensex steady; HUL, BHEL, Hero laggards

Tata Steel, Axis Bank, ONGC, HDFC and Bajaj Auto are top gainers in the Sensex. Among the losers are HUL, BHEL, Hero, M&M and NTPC.

The market has opened in green territory. The Sensex is up 89 points or 0.3 percent at 28287.29. The Nifty is up 31.15 points or 0.4 percent at 8554.95. About 617 shares have advanced, 149 shares declined, and 71 shares are unchanged. STOCK TIPS

Tata Steel, Axis Bank, ONGC, HDFC and Bajaj Auto are top gainers in the Sensex. Among the losers are HUL, BHEL, Hero, M&M and NTPC.

The Indian rupee opened lower in early trade. It slipped 9 paise to 63.50 per dollar against previous day's closing value of 63.41 a dollar.

Mohan Shenoi of Kotak Mahindra Bank said, "Grexit having been averted, the focus of markets has now shifted back to US monetary policy with Yellen's testimony suggesting a September Fed rate hike."

Asian markets have opened higher this morning as Athens approved the bailout plan. The Nikkei moves higher for a fourth day and has now moved to a new two-week high as investors cheered a weaker currency. The yen is at a 3 week low. US stocks closed mildly lower as investors continue to focus on Greece.

investors continue to focus on Greece. Meanwhile US Federal Reserve Chairman Janet Yellen reiterates last Friday’s statement that the central bank is on pace to raise rates this year if the economy evolves as expected.

In Greece, Athens finally passed strict austerity measures needed to secure a debt deal from its creditors. The verdict comes ahead of Greek payment due to the European Central Bank on Monday. An ECB rates decision is due on Thursday, with President Mario Draghi likely to face questions on a decision on emergency liquidity assistance for Greece. The central bank is widely expected to increase funding.
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5 comments:

Stock Cash Tips said...

Tata Steel, Axis Bank, ONGC, HDFC and Bajaj Auto are top gainers in the Sensex.
Among the losers are HUL, BHEL, Hero, M&M and NTPC

Mahek Tiwari said...

Markets are facing resistance from upper level, we may see some selling pressure around 8550-8600 so be cautious while trading we may see some profit booking from these levels.
Bank Nifty levels:
Bank nifty spot close @18816
Bank nifty future close @18890
Equity Market

Allianceresearch Jabalpur said...

Sell Crude Oil July below 3280 TGT 3262 & 3240 SL 3304-

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