The market has opened flat. The Sensex is at 28,124.45, down 0.1 percent or 27.95 points while Nifty is down 16.65 points or 0.2 percent at 8655.50.
Infosys is down 2 percent from previous close while Tata Motors, HDFC Bank are down. ITC and PowerGrid are up.
The Indian rupee opened marginally higher at 66.85 per dollar on Tuesday versus 66.89 Friday. The dollar fell against a basket of currencies, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year.
Asian markets are also doing fine. As if the result woes were not enough, Infosys could be at the receiving end again after reports that it lost a US$200 million order from Royal Bank of Scotland; major layoffs are also anticipated. OMCs will be in focus are petrol price was cut by Re 1 a litre while diesel prices cooled by Rs.2 per litre on Monday.
BUY DIVIS LAB FUTURE ABOVE 1242 TG 1270, 1300 SL 1218,
SELL SUN PHARMA FUTURE BELOW 794 TG 791, 787, 781 SL 799,
2 Comments
I got to learn recent market movements here in this post. These updates helps a lot while trading as traders can make a better strategy according to current needs. Get best tips of market experts live by following epic research.
ReplyDeleteThis comment has been removed by the author.
ReplyDelete