Sensex, Nifty open flat

The market has opened volatile on Thursday ahead of expiry of Nifty March derivative contracts. 

The Sensex rose 21.70 points to 25360.28 while the Nifty fell 7.55 points to 7727.65.

For More Information Visit Us:- www.researchinfotech.in

Rupee Opens Higher at 66.35 per Dollar

The Indian rupee has opened marginally higher at 66.35 per dollar on Thursday against previous close of 66.37. 

"USD-INR is expected to gradually drift lower on year end remittances and custodial inflows.

 USD-INR trading range for today is 66.15-66.45/dollar."

For More Information Visit Us:- www.researchinfotech.in

Indian ADRs: HDFC Bank, Dr Reddy's Lab, ICICI Bank up

Indian ADRs ended higher on Wednesday. In the banking space, ICICI Bank rose 0.26 percent at USD 7.10 and HDFC Bank gained 1.70 percent at USD 60.86. 

In the IT space, Infosys rose 0.47 percent at USD 19.16 and Wipro added 0.13 percent at USD 12.53. 

In the other sectors, Tata Motors rose 0.36 percent at USD 29.03 and Dr Reddy's Laboratories advanced 1.05 percent at USD 45.48.

For More Information Visit Us:- www.researchinfotech.in

Wall Street plows Higher as anxiety falls to seven-month low

US stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes. 

MetLife and other financial stocks led the market higher with Apple and other technology stocks also gaining.

For More Information Visit Us:- www.researchinfotech.in

Indian Stock Market Update By Research Infotech

The 30-share BSE Sensex rose 208.93 points to 25109.39 and 

the 50-share NSE Nifty climbed 63.25 points to 7660.25. 

The market breadth was also strong as about 844 shares advanced against 138 declining shares on BSE.

Lupin, Tata Motors, ICICI Bank, Sun Pharma, Hindalco Industries, Vedanta and UltraTech Cement topped buying list in early trade.

For More Information Visit Us:- www.researchinfotech.in

Rupee Opens Marginally Higher at 66.48 per Dollar

The Indian rupee opened marginally higher at 66.48 per dollar on Wednesday against previous close of 66.54. 

 "The rupee ended stronger versus the dollar yesterday. We saw custodial banks selling dollars and FIIs providing support to the rupee." 

"Dollar demand from importers due to year end will be high. The dollar index is showing signs of weakness post Yellen's comments." 

"We expect the rupee to trade in a range of 66.45-66.60/dollar today," he added.

For More Information Visit Us:-www.researchinfotech.in

Indian ADRs: Tata Motors, HDFC Bank, Wipro Gain

Indian ADRs ended mostly higher on Tuesday. In the IT space, Infosys was down 0.06 percent at USD 18.69 and Wipro was up 0.09 percent at USD 12.40. 

In the banking space, ICICI Bank rose 0.19 percent at USD 6.84 andHDFC Bank gained 0.75 percent at USD 59.16. 

In the other sectors, Tata Motors added 1.36 percent at USD 28.67 and Dr Reddy's Laboratories shed 0.42 percent at USD 44.43.

For More Information Visit Us:-www.researchinfotech.in

Sensex, Nifty open flat

The market has opened on a flat note again. 

The 30-share BSE Sensex rose 22.27 points to 24988.67 

and the 50-share NSE Nifty climbed 11.50 points to 7626.60. 

Hindalco, Maruti Suzuki, Tata Steel, ITC, Tata Motors, BPCL and Bank of Baroda were early gainers while HDFC, Sun Pharma, Bharti Airtel, ICICI Bank, HUL and Cairn India declined.

For More Information Visit Us:-www.researchinfotech.in

Indian Rupees opens marginally higher at 66.50

The Indian rupee gained further in early trade Tuesday. The currency has opened at 66.50 a dollar, up 8 paise compared to 66.58 a dollar in previous session.

currency market has been fairly rangebound in the holiday shortened week, with the dollar-rupee currency pair trading between 66.50-67 per dollar, with portfolio flows pouring in but well supported at lower levels, keeping the pair in a tight range.

For More Information Visit Us:-www.researchinfotech.in

Asian Markets trade Mixed, Nikkei off 0.8%, Kospi Up 0.4%

Asia markets traded mixed on Tuesday, with markets in Japan and Australia seeing losses after a mixed finish on Wall Street overnight. 

The Japanese Nikkei 225 was off 0.82 percent, while the Topix fell 0.77 percent. Across the Korean Strait, the Kospi was higher by 0.41 percent. 

Australia's ASX 200 retraced some of the early losses, but was still down 0.49 percent, after being closed for the Easter holiday on Friday and Monday. 

Down Under, the financials subindex dropped 1.37 percent, with ANZ down 2 percent, Commonwealth Bank of Australia down 1.38 percent, Westpac off by 1.65 percent and NAB down 0.99 percent.

For More Information Visit Us:-www.researchinfotech.in

Indian Stock Market Update

After a long weekend, the market has started off the week on a flat note, tracking mixed Asian cues. 

The 30-share BSE Sensex rose 10.54 points to 25348.10 and the 50-share NSE Nifty advanced 1.30 points to 7717.80.

Technology stocks rallied after strong Accenture results and full year guidance. Infosys, TCS and Wipro gained 1-2 percent.

Adani Ports climbed over a percent after a media report suggested that Adani group has offered 49 percent stake in the Rs 5,000 crore Dhamra LNG project.

Banks and pharma stocks were under pressure. HDFC, Sun Pharma, ICICI Bank, Reliance Industries and Tata Motors were down 0.4-1.4 percent.

For More Information Visit Us:-www.researchinfotech.in

Indian ADRs: Dr Reddy's Lab, HDFC Bank, Infosys Down

Indian ADRs ended lower on Tuesday. In the IT space, Infosys was down 0.17 percent at USD 18.51 and Wipro was down 0.05 percent at USD 12.31.

 In the banking space, ICICI Bank was down 0.09 percent at USD 6.91 and HDFC Bank shed 0.57 percent at USD 59.06.

 

In the other sectors, Tata Motors was unchanged at USD 28.08 and Dr Reddy's Laboratories declined 1.62 percent at USD 45.88.

For More Information Visit Us:-www.researchinfotech.in

Rupee Slips 26 paise,opens at 66.90 per Dollar

The Indian rupee slipped in the early trade on Monday. 

It has opened lower by 26 paise at 66.90 per dollar versus 66.64 Wednesday.

For More Information Visit Us:-www.researchinfotech.in

Wall Street Week Ahead - Economic Data could Put Stocks Back on Higher Path

The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession.

Reports on the housing market could also draw investors' attention given recent sharp gains in homebuilder stocks.

Major indexes remain well above their 2016 lows, thanks to evidence of a reviving U.S. economy and a sharp rebound in oil prices, even as stocks broke a five-week streak of gains on Thursday, their last trading day before a long holiday weekend.

For More Information Visit Us:-www.researchinfotech.in