Market Live: Sensex extends gains to 150 points, Nifty above 10,600; midcaps up almost 1%. Investors are looking for cues ahead of RBI policy meet outcome later in the day.
Investors are looking for cues ahead of RBI policy meet outcome later in the day.
Click here To know about the Best Stock Advisory India
Benchmarks have extended their gains now, with the Sensex trading over 100 points higher, while the Nifty is well above 10,600-mark. A sudden spike is seen in metals, pharmaceuticals, as well as midcaps too. The Nifty Auto index is also trading higher by almost half a percent. Reliance Industries, HDFC and L&T are contributing to gains on Sensex and Nifty, while HDFC Bank, ICICI Bank and IOC are looking to cap the upside.
Market Opens: D-Street has begun the session on a flat note, but with a positive bias, even as investors look for cues ahead of Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meet outcome later in the day.
Market Opens: D-Street has begun the session on a flat note, but with a positive bias, even as investors look for cues ahead of Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meet outcome later in the day.
The Sensex is up 51.86 points or 0.15% at 34955.07, and the is Nifty up 13.10 points or 0.12% at 10606.30. About 232 shares advanced against a decline of 291 shares, while 48 shares were unchanged.
All sectoral indices on the Nifty are largely trading in the flat terrain, while some weakness is seen in the financial names, possibly on a caution note ahead of central bank’s meet outcome.
Coal India, Sun Pharma, and Bajaj Finance are the top gainers, while Power Grid, Airtel and Zee Entertainment have lost the most.
Among global markets, Asian stocks edged up after tech sector strength lifted Wall Street shares, while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
Meanwhile, US stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add to the nation's debt
Click here to get Free Commodity Tips
All sectoral indices on the Nifty are largely trading in the flat terrain, while some weakness is seen in the financial names, possibly on a caution note ahead of central bank’s meet outcome.
Coal India, Sun Pharma, and Bajaj Finance are the top gainers, while Power Grid, Airtel and Zee Entertainment have lost the most.
Among global markets, Asian stocks edged up after tech sector strength lifted Wall Street shares, while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
Meanwhile, US stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add to the nation's debt
Click here to get Free Commodity Tips
Rupee opens higher: The Indian rupee opened higher by 7 paise at 67.08 per dollar on Wednesday versus 67.15 yesterday.
In the last few sessions rupee is consolidating in a range of 66.90 and 67.35 as most market participants are cautious ahead of the important RBI policy statement that will be released later today. Expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’, said motilal Oswal.
In the last few sessions rupee is consolidating in a range of 66.90 and 67.35 as most market participants are cautious ahead of the important RBI policy statement that will be released later today. Expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’, said motilal Oswal.
-------------------------------------------------------------------------------------------------------------------------
For More Information regarding Stock market news updates & Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.
No comments:
Post a Comment