Market Live: Sensex gains strength, Nifty reclaims 10,700; RIL, TCS, Infosys lead. Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions.
Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions.
Click here To know about the Best Stock Advisory India
Market Update: The market gained strength with the Sensex rising around 150 points and the Nifty reclaiming 10,700 levels, backed by Reliance Industries, Infosys, TCS and HDFC Bank.
China's Shanghai Composite and Japan's Nikkei recovered from day's low to trade flat. Investors closely monitor trade tensions between world's largest economies US and Beijing.
The 30-share BSE Sensex rose 152.18 points to 35,416.59 and the 50-share NSE Nifty gained 44.80 points at 10,702.10.
China's Shanghai Composite and Japan's Nikkei recovered from day's low to trade flat. Investors closely monitor trade tensions between world's largest economies US and Beijing.
The 30-share BSE Sensex rose 152.18 points to 35,416.59 and the 50-share NSE Nifty gained 44.80 points at 10,702.10.
Crude Outlook: While raising Brent crude forecast to $85 per barrel for second half of CY18, Morgan Stanley said it sees the lower output from Iran, Libya & Angola going ahead.
The research house has increased its output forecasts for Saudi Arabia
Crude Update: Oil prices climbed after Libya declared force majeure on significant amounts of its supply, but rising overall output from OPEC as well as in the United States was dragging on markets.
Brent crude oil futures were at $77.85 per barrel, up 0.71 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.88 percent, at $74.58, reports Reuters.
Rupee Trade: The Indian rupee traded lower by 12 paise at 68.91 per dollar on fresh demand for the American currency.
Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47.
Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.
Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.
Click here to get Free Commodity Tips
The research house has increased its output forecasts for Saudi Arabia
Crude Update: Oil prices climbed after Libya declared force majeure on significant amounts of its supply, but rising overall output from OPEC as well as in the United States was dragging on markets.
Brent crude oil futures were at $77.85 per barrel, up 0.71 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.88 percent, at $74.58, reports Reuters.
Rupee Trade: The Indian rupee traded lower by 12 paise at 68.91 per dollar on fresh demand for the American currency.
Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47.
Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.
Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.
Click here to get Free Commodity Tips
Market Opening: Benchmark indices started off trade on a flat note despite weakness in the Asian peers due to ongoing trade tensions between US and China.
The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.
Hero MotoCorp, TCS, Dr. Reddy's Labs, Bajaj Auto and Coal India are early gainers.
Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.
The Nifty Midcap index fell 54 points.
8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.
The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.
Hero MotoCorp, TCS, Dr. Reddy's Labs, Bajaj Auto and Coal India are early gainers.
Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.
The Nifty Midcap index fell 54 points.
8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.
-------------------------------------------------------------------------------------------------------------------------
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