23:54
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INDIAN MARKET FACE
INDIAN EQUITY BENCHMARKS ended the day on a flat note after a volatile session of trade. The markets changed directions several times over the day with visible strength in IT shares as rupee today fell by a whopping 90paise to hit a new life-time low of 57.96 on the back of better-than-expected US jobs data.
Further, Most of the oil marketing companies (OMCs) such as BPCL and HPCL were weak today as sources say OMCs are likely to take a Rs 22000crore hit on under recoveries on account of rupee depreciation.
Jet Airways India dipped around 11% ahead of regulatory meet to decide on approval for Jet’s stake sale to Gulf carrier Etihad Airways.
GLOBAL FACE
Most Asian stocks rallied to start the new week as traders appeared to focus more on Japan’s bullish first-quarter GDP revision than on a slew of tepid Chinesedata points.
European stocks were mixed in quiet trade, after the release of encouraging euro zone data, while a U.S. employment data suggested the economy is improving.
U.S. stock pointed to a higher open, after U.S. employment data suggested the economy is improving but not enough to persuade the Federal Reserve to start scaling back its stimulus program.
INDIAN MARKET
INDICES – CLOSE - PREVIOUS
SENSEX – 19,441.07 - 19,429.23
NIFTY - 5,878.00 – 5,881.00
For more information:-
Stock Tips Commodity Tips
INDIAN EQUITY BENCHMARKS ended the day on a flat note after a volatile session of trade. The markets changed directions several times over the day with visible strength in IT shares as rupee today fell by a whopping 90paise to hit a new life-time low of 57.96 on the back of better-than-expected US jobs data.
Further, Most of the oil marketing companies (OMCs) such as BPCL and HPCL were weak today as sources say OMCs are likely to take a Rs 22000crore hit on under recoveries on account of rupee depreciation.
Jet Airways India dipped around 11% ahead of regulatory meet to decide on approval for Jet’s stake sale to Gulf carrier Etihad Airways.
GLOBAL FACE
Most Asian stocks rallied to start the new week as traders appeared to focus more on Japan’s bullish first-quarter GDP revision than on a slew of tepid Chinesedata points.
European stocks were mixed in quiet trade, after the release of encouraging euro zone data, while a U.S. employment data suggested the economy is improving.
U.S. stock pointed to a higher open, after U.S. employment data suggested the economy is improving but not enough to persuade the Federal Reserve to start scaling back its stimulus program.
INDIAN MARKET
INDICES – CLOSE - PREVIOUS
SENSEX – 19,441.07 - 19,429.23
NIFTY - 5,878.00 – 5,881.00
For more information:-
Stock Tips Commodity Tips
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