Equity benchmarks rebounded with the Nifty
reclaiming 7500 level on first day of July series supported by pharma,
oil & gas, metals and FMCG stocks. The Indian rupee opened with
marginal gains of 6 paise at 60.08 per dollar
on Friday as against previous day's closing value of 60.14 a dollar.
Asian equity markets declined following hawkish comments from a Federal
Reserve official. Speaking in a televised interview in the US overnight,
St. Louis Fed President James Bullard suggested interest rates could
rise sooner rather than later, leading Wall Street shares to end in the
red overnight. US markets ended lower on the back of government data
prompting downward revisions to US economic growth in the second
quarter, coupled with comments from Fed on interest rate hikes. Six of
the 10 S&P 500 sectors were in negative territory. The S&P
financial index slipped 0.3 percent and ranked among those leading the
market's decline. On BSE, midcap and smallcap are trading higher in
green with gains of 0.28% and 0.34% respectively.
Further the market breath stands positive with 1455 shares are seen advancing against 725 declining shares.
Further the market breath stands positive with 1455 shares are seen advancing against 725 declining shares.
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