Morning Market Update:
The market sees a spectacular opening as investors are building high hopes with Narendra Modi taking oath as new Prime Minister of India. The Nifty tested 7400, at up 61.65 points at 7428.75 and the Sensex is up 259.73 points at 24953.08. Indian rupee has opened higher at 58.44 a dollar, up 8 paise compared to Friday's closing value of 58.52 a dollar. Global cues, meanwhile, are mixed. US stocks gained for the third day on Friday, lifting the S&P 500 to a record finish. Asian equities are trading strong with the Bank of Japan minutes likely to be released today. European shares closed mixed on Friday, having wavered throughout the day, after weak German business morale figures capped any significant gains. On BSE, Midcap is up by 1.3% while Small cap is up by 1.5%. On sectoral front, FMCG is the only sector top trade in red while on upside capital goods is the top gainer to add as much as 3% as we write this.
Further the market stands positive with 1791 shares seen advancing against 642 declining shares.
The market sees a spectacular opening as investors are building high hopes with Narendra Modi taking oath as new Prime Minister of India. The Nifty tested 7400, at up 61.65 points at 7428.75 and the Sensex is up 259.73 points at 24953.08. Indian rupee has opened higher at 58.44 a dollar, up 8 paise compared to Friday's closing value of 58.52 a dollar. Global cues, meanwhile, are mixed. US stocks gained for the third day on Friday, lifting the S&P 500 to a record finish. Asian equities are trading strong with the Bank of Japan minutes likely to be released today. European shares closed mixed on Friday, having wavered throughout the day, after weak German business morale figures capped any significant gains. On BSE, Midcap is up by 1.3% while Small cap is up by 1.5%. On sectoral front, FMCG is the only sector top trade in red while on upside capital goods is the top gainer to add as much as 3% as we write this.
Further the market stands positive with 1791 shares seen advancing against 642 declining shares.
No comments:
Post a Comment