Tuesday, 10 January 2017

Nifty Opens Above 8300, Sensex Climbs Over 100pts

The Market has opened on a Higher note with the Nifty reclaiming 8300. The Market will also take cues as investors looked to President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. The 50-share index is up 42.20 points or 0.5 percent at 8330.80. The Sensex is up 131.59 points or 0.5 percent at 27031.15. Tata Steel, Dr Reddy's Labs, HDFC Bank, Infosys and ICICI Bank are top gainers in the Sensex. The Indian rupee opened lower by 5 paise at 68.23 per dollar on Wednesday versus previous close 68.18. NS Venkatesh of Lakshmi Vilas Bank said, "The rupee is expected to trade steadily in a narrow range of 68.15-68.35/dollar." 

S&P ends flat as healthcare advance offset by lower oil : 
The S&P 500 ended the day unchanged on Tuesday as lower oil prices hurt energy stocks, offsetting advances in healthcare and financial sectors, while the Nasdaq ended at another record high.
The Dow Jones Industrial Average ended down 31.85 points, or 0.16 percent, at 19,855.53, the S&P 500 was unchanged at 2,268.9 and the Nasdaq Composite added 20.00 points, or 0.36 percent, to 5,551.82.
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