OPENING BELL: Nifty FUTURE DOWN - 29.45 @ 9644.90,
BANK NIFTY FUTURE DOWN - 60.50 @ 23640.00 USDINR @ 64.67
TBR UPDATE: NIFTY FUTURE: S1 - 9661.10, S2 - 9647.75, R1 - 9688.70, R2 - 9702.95
BANK NIFTY FUTURE: S1 – 23650.32, S2 - 23608.13, R1 - 23744.52, R2 - 23796.53
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BANK NIFTY FUTURE DOWN - 60.50 @ 23640.00 USDINR @ 64.67
TBR UPDATE: NIFTY FUTURE: S1 - 9661.10, S2 - 9647.75, R1 - 9688.70, R2 - 9702.95
BANK NIFTY FUTURE: S1 – 23650.32, S2 - 23608.13, R1 - 23744.52, R2 - 23796.53
Sensex, on Tuesday, Closed 14 points down at 31297 as Investors fear of downgrade in earnings in Q1 due to GST. Among sectors, FMCG, Infra and Power lost over 0.1% to 0.2% each. Among stocks, Axis Bank, Lupin and Power Grid lost over 1.6% to 2.0% each. Market breadth was negative with 1469 declines against 1205 advances.
Nifty closed 4 points down at 9,653. Today, we expect markets to open on a flat note on the back of steady global cues.
US Markets closed on a negative note. Dow closed 0.3% lower and Nasdaq closed 0.8% lower. US markets, today, will see data releases on oil inventories and existing home sales.
Asian markets are trading on a negative note; Nikkei is trading 0.3% lower while Hang Seng is trading 0.1% lower. SGX Nifty is trading 28 points lower at 9,645. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 0.7% higher, while HDFC Bank closed 0.6% lower. Among IT ADRs, Wipro closed 0.5% higher and Infosys closed 0.5% higher. Tata Motors ADR gained 1.3%.
For Stock Cash Tips, Stock Future Tips, Stock Option Tips, Equity Tips, MCX Tips and for more updates click here - http://www.tradebizzindia.com/freetrial
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