Thursday, 31 August 2017

Nifty Mildly Lower Ahead Of August Derivative Contracts Expiry

Nifty Midcap was up 10 points as about 700 shares advanced against 465 declining shares.

Majestic Auto surged 20 percent as the board will consider sales of assets and Schaeffler India gained 8 percent on merger.

Adani Enterprises, Ujjivan Financial, Grasim, Aditya Birla Money, Ajanta Pharma, BEML, Concor, Surya Roshni and Aksh Optifibre rallied up to 7 percent while DCB Bank, Biocon and HPCL lost up to 6 percent.

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Equity Benchmarks Erased Opening Gains In Early Trade

Equity benchmarks erased opening gains in early trade due to profit booking amid volatility.

The 30-share BSE Sensex was down 43.45 points at 31,603.01 and the 50-share NSE Nifty fell 5.95 points to 9,878.45.

Bharti Infratel, NTPC, Bosch, Coal India, HUL, Kotak Mahindra Bank, Sun Pharma, Vedanta and Asian Paints were under pressure while Wipro, Reliance Industries, ONGC, Adani Ports, Cipla and Hindalco gained.

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Wednesday, 30 August 2017

Asia Markets Mostly Followed The Stronger Lead From Wall Street

Asia markets mostly followed the stronger lead from Wall Street overnight as traders appeared to shake off new North Korea missile concerns.

Japan's Nikkei 225 added 0.55 percent. Across the Korean strait, the Kospi edged up 0.08 percent.

Greater China markets were mixed. The Hang Seng Index rose 0.79 percent. Mainland markets turned in a more subdued performance: The Shanghai Composite shed 0.03 percent.

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Equity Benchmarks Opened Sharply Higher On Wednesday

Equity benchmarks opened sharply higher on Wednesday after a turmoil in previous session.

The 30-share BSE Sensex was up 167.09 points or 0.53 percent at 31,555.48 and the 50-share NSE Nifty rose 64 points or 0.65 percent to 9,860.05.

Aurobindo Pharma, Hindalco Industries, HDFC, Ambuja Cements, BPCL, Eicher Motors, Yes Bank and BPCL gained 1-2 percent while Asian Paints, Power Grid and NTPC were under pressure.

Nifty Midcap was up 1 percent on strong market breadth. Ujjivan Financial surged 5 percent as RBI granted it scheduled bank status.

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Tuesday, 29 August 2017

Asian Markets Sink Further Jolted By North Korean Missile

Asian markets sink further jolted by North Korean missile test over Japan which led to buying in safe havens assets such as gold, Japanese Yen as well as US Treasuries.

“The North Korean situation is likely to continue being a short-term worry for global markets. I think going forward, markets would be volatile for a while. It would be sensible to take some risk off the table,” Manulife AMC's Geoff Lewis said in an interview with CNBC-TV18.

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Equity Benchmarks Opened Sharply Lower On Tuesday

Equity benchmarks opened sharply lower on Tuesday on weakness in Asian peers after the launch of missile by North Korea.

The 30-share BSE Sensex was down 128.02 points at 31,622.80 and the 50-share NSE Nifty fell 41.95 points to 9,870.85.

ACC, Bank of Baroda and Tata Power were under pressure, down 1-2 percent after NSE decided to exclude these stocks from Nifty50. HPCL and UPL gained up to 2 percent on addition in Nifty50.

Nifty Midcap was down 0.5 percent on market breadth. About two shares declined for every share rising on the NSE.

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Monday, 28 August 2017

Sensex Extends Gains, Nifty Above 9900; HDFC, ICICI Bank Lead

Kotak Mahindra Bank, Eicher Motors, Reliance Industries, Hindalco Industries, Sun Pharma and ONGC were other gainers.

Dr Reddy's Labs, Hero MotoCorp, Asian Paints and ITC were under pressure.

Nifty Midcap gained 0.4 percent as about four shares advanced for every share falling on the exchange.DLF, Adani Enterprises, Adani Power, Future Enterprises, Suzlon Energy, Ansal Housing, Nestle India, Bajaj Finserv and Bajaj Finance rallied up to 6 percent whereas PC Jeweller, Titan Company, Strides, Wockhardt and Cadila Healthcare were under pressure.

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Equity Benchmarks Started Off The Week On A Strong Note

Equity benchmarks started off the week on a strong note, with the Nifty reclaiming 9,900 level, largely driven by Infosys.

The 30-share BSE Sensex was up 154.47 points at 31,750.53 and the 50-share NSE Nifty gained 40.15 points at 9,897.20.

Infosys surged 4 percent as CLSA upgraded the stock to buy from underperform and raised target price to Rs 1,070 from Rs 940 after co-founder Nandan Nilekani joined the company again as non-executive chairman. CEO choices & strategy should improve, the research house said.

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Thursday, 24 August 2017

Sensex Opens Mildly Higher, Nifty Above 9,850; Infosys Gains Further

Share price of Mcleod Russel rose 2.5 percent intraday as the company is going to sell its loss making unit.

The company has decided to dispose of its Bhatpara Tea Estate, a loss making unit of the Company in Dooars, subject to necessary approval/s.

On August 23, 2017 the company has entered into an agreement for sale with Voom Food Industries of Siliguri, West Bengal.

The company will receive around Rs 13.21 crore from sale and the sale process will get completed after the sale permission is obtained from the government of West Bengal.

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Equity Benchmarks Opened Moderately Higher Amid Mixed Asian

Equity benchmarks opened moderately higher amid mixed Asian cues on Thursday.

The 30-share BSE Sensex was up 44.21 points at 31,612.22 and the 50-share NSE Nifty rose 12.25 points to 9,864.75.

Infosys, ITC, TCS, Reliance Industries, L&T, Sun Pharma, Lupin and M&M gained while HDFC Bank, Maruti Suzuki, Kotak Mahindra Bank, HUL, Bajaj Auto and SBI were under pressure.

Nifty Midcap was up 0.2 percent. SREI Infrastructure shares gained 3.5 percent as Bharat Road Network IPO will open from September 6-8.

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Wednesday, 23 August 2017

Sensex Rises Over 100 Pts In Opening, Nifty Around 9800; Midcap Shines

Market is in a modest consolidation phase, but I do not expect a major correction, said Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS in an interview to CNBC-TV18.

Overweight on India amongst our global emerging market portfolio, said Dennis.

He expects 12 percent earnings per share growth in FY18 and 15 percent EPS growth in FY19 for India.

The company in its board meeting held on August 22, has approved the allotment of 2.52 crore equity shares at a price of Rs 164 for a total consideration of Rs 413.28 crore to Reliance Industries on preferential basis through a private placement.

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Benchmark Indices Opened On A Positive Note, With The Nifty Trading

Benchmark indices opened on a positive note, with the Nifty trading above 9800-mark in the opening tick amid consolidation.

The 30-share BSE Sensex was up 116.55 points at 31,408.40 and the 50-share NSE Nifty rose 35.15 points to 9,800.70.

Nifty Midcap Index gained 0.7 percent on positive market breadth. About four shares advanced for every share falling on the BSE.Fortis Healthcare, DLF, Balaji Telefilms, BEML, HPCL, IOC, Gati, Eris Lifesciences, Patel Integrated, Snowman Logistics, Future Consumer, Indian Toner and Indo Count rallied up to 5 percent.

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Tuesday, 22 August 2017

HCL Infosystems Shares Rallied As Much As 17 Percent In Morning

HCL Infosystems shares rallied as much as 17 percent in morning trade on distribution agreement for Apple products in India.

The HCL Group company inform exchanges that the distributor agreement for distribution of iPhone and other Apple Products has been signed with Apple India Private Limited. A confirmation of the same is received by the company from Apple today, it said.

Infosys rebounded 1 percent after 15 percent correction in previous two consecutive sessions.

Hindalco, Vedanta, Dr Reddy's Labs, IOC, Tata Steel, Tata Motors, Coal India, ICICI Bank, Axis Bank, GAIL, Tech Mahindra, Aurobindo Pharma and Bank of Baroda gained up to 2 percent.

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Equity Benchmarks Started Off Tuesday's Trade On A Strong Note

Equity benchmarks started off Tuesday's trade on a strong note, with the Nifty reclaiming 9,800 level, supported by broadbased buying.

The 30-share BSE Sensex was up 173.60 points at 31,432.45 and the 50-share NSE Nifty rose 56.45 points to 9,810.80.

About two shares advanced for every share falling on the BSE.

Infosys rebounded 1 percent after 15 percent correction in previous two consecutive sessions.

Hindalco, Vedanta, Dr Reddy's Labs, IOC, Tata Steel, Tata Motors, Coal India, ICICI Bank, Axis Bank, GAIL, Tech Mahindra, Aurobindo Pharma and Bank of Baroda gained up to 2 percent.

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Monday, 21 August 2017

Asia Subdued Following Bannon Departure As US-South Korea Military Drills Begin

Asia markets were subdued in early Monday trade as investors digested political developments in Washington while US-South Korea joint military drills kicked off.

Japan's Nikkei 225 slid 0.12 percent as gains in oil stocks was offset by softness in most automakers and technology names. Across the Korean strait, the Kospi was off 0.07 percent in early trade.

Down Under, the S&P/ASX 200 declined 0.60 percent, with weakness in the health care and utilities sub-indexes leading losses. The heavily-weighted financials sub-index traded lower by 0.76 percent.

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The Market Bounced Back With Moderate Gains Amid Volatility

The market bounced back with moderate gains amid volatility on Monday after Friday's sell-off.

The 30-share BSE Sensex was up 7.61 points at 31,532.29 and the 50-share NSE Nifty rose 12.75 points to 9,850.15. About two shares advanced for every share falling on the BSE.

Hindalco, Vedanta, Tata Steel, ICICI Bank, Tech Mahindra, Eicher Motors, BPCL, UltraTech Cement, Aurobindo Pharma and HCL Technologies gained up to 2 percent while TCS, Bharti Infratel and HDFC Bank were losers.

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Friday, 18 August 2017

Infosys Slipped As Much As 6.09 Percent In Morning Trade On Friday

Infosys slipped as much as 6.09 percent in morning trade on Friday after the board of directors of Infosys Ltd said that they have accepted the notice of resignation of Dr. Vishal Sikka as the Managing Director and CEO, effective immediately.

Mr. U. B. Pravin Rao has been appointed Interim Chief Executive Officer and Managing Director reporting to Dr. Sikka under the overall supervision and control of the Company’s Board.

In his notice of resignation to the Board, Dr. Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months.

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Benchmark Indices Witnessed A Gap Down Opening, Dragged By Weak

Benchmark indices witnessed a gap-down opening, dragged by weak movements on Infosys on the back of developments in the top management exit.

At 09:18 hrs, the Sensex was down 210.84 points at 31584.62, while the Nifty was down 62.20 points at 9841.95. The market breadth was negative as 209 shares advanced against a decline of 742 shares, while 34 shares were unchanged.

ITC, Mahindra and Mahindra, Bharti Infratel and UltraTech Cement gained the most on both indices, while Infosys, State Bank of India and Bank of Baroda were the top losers.

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Thursday, 17 August 2017

Wall Street Ends Up But Off Highs After Trump Announcement

US stocks ended slightly firmer on Wednesday but off the day's highs as worries mounted over President Donald Trump's agenda and minutes from the latest Federal Reserve meeting suggested policymakers are worried about weak inflation.

Indexes lost some ground following Trump's disbanding of two high-profile business advisory councils after two more CEOs resigned from the manufacturing council on Wednesday in response to his comments on weekend violence in Charlottesville, Virginia.

Wall Street stayed volatile following the release of the last Federal Reserve meeting's minutes, which showed policymakers appeared increasingly wary about recent weak inflation.

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Equity Benchmark Indices Continued Its Positive Momentum

Equity benchmark indices continued its positive momentum from the previous session, with the Nifty climbing above 9900 in the opening tick.

At 09:17 hrs, the Sensex was up 43.94 points at 31814.83, while the Nifty was up 10.95 points at 9908.25. The market breadth was healthy as 519 shares advanced against a decline of 252 shares, while 25 shares were unchanged.

Midcaps continued to gain, while strong movements was seen among metals as well as information technology stocks.

Infosys, HDFC, and Vedanta were the top gainers on both indices, while Bajaj Auto, HUL, Power Grid and Zee Entertainment lost the most.

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Wednesday, 16 August 2017

Wall St Ends Flat; Economic Data Offsets Retailer Results

US stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat US retail sales data.

Home Depot's stock was down 2.7 percent and was the biggest drag for both the S&P 500 and Dow. Although the home improvement chain reported strong earnings and raised its forecast, investors appeared to be worried about supply constraints in the housing market that could be a drag on Home Depot's future earnings.

Shares of smaller rival Lowe's Cos were down 4.4 percent.The S&P 500 consumer discretionary index , down 0.9 percent, also took a hit from a steep fall in the shares of Coach and Advance Auto Parts after disappointing results.

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Asian Shares Mostly Climb As Investors Digest Regional Earnings

Asian shares gain as risk aversion takes a backseat; Nikkei rises 1.3%

Asian shares were mostly higher in early Wednesday trade as investors digested earnings releases from regional corporates and a resurgent dollar.

Japan's Nikkei 225 edged down 0.03 percent, with gains in most tech stocks offset by losses in auto names. South Korea's Kospi rose 0.67 percent as markets returned from a public holiday.

Australia's S&P/ASX 200 gained 0.07 percent, as steep gains in the energy sub-index, which was up by 3.26 percent, were offset by declines in the health care, information technology and financial sub-indexes.

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Monday, 14 August 2017

Equity Benchmarks Rebounded In Opening On Monday

Equity benchmarks rebounded in opening on Monday after losing 3.5 percent in previous week, backed by short covering in most beaten stocks.

The 30-share BSE Sensex was up 182.89 points at 31,396.48 and the 50-share NSE Nifty gained 58.15 points at 9,768.95.

Dr Reddy's Labs, Sun Pharma, Bank of Baroda, BPCL, Infosys and Bharti Airtel were only losers among Nifty stocks.

Nifty Midcap was up 1.5 percent on strong market breadth. About five shares advanced for every share falling on the NSE.

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Indian Rupee Opens Higher At 64.02 Per Dollar

The Indian rupee opened marginally higher at 64.02 per dollar on Monday versus 64.08 Friday.

Pramit Brahmbhatt of Veracity said, "US economic data published last Friday was negative though domestic equity market and outflow of FIIs will influence USD to appreciate. Thus, trading range for the spot USD-INR pair will be 64.20-64.50."

The dollar edged higher against the yen on Monday, trading above last week's near 4-month low, with rising tensions between the United States and North Korea seen as the key to the near-term outlook.

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Friday, 11 August 2017

Asia Stocks, Dollar Extend Slide As US, North Korea Tensions Intensify

Asian stocks slumped on Friday as tensions ramped up between the US and North Korea, sending investors into less risky assets such as gold, the yen and US government bonds.

South Korea's Kospi fell 1.3 percent in early trade, taking its losses this week to 2.8 percent.

The Korean won also continued to skid, sliding 0.3 percent to 1,145 won to the dollar, after earlier sinking to its lowest level in a month.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent in its third session of declines, with Australia down 1.4 percent. Japanese markets were closed for a holiday.

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Equity Benchmarks Fell Sharply In Opening Trade


As Nifty sheds weight, 4 stocks hit fresh 52-week lows
Equity benchmarks fell sharply in opening trade, with the Sensex losing more than 300 points and the Nifty trading near 9,700 level.

The 30-share BSE Sensex was down 287.79 points or 0.91 percent at 31,243.54 and the 50-share NSE dropped 93.55 points or 0.95 percent at 9,726.70.

Power Grid, Tech Mahindra and Wipro were only gainers among Nifty stocks.

The broader markets fell more than benchmarks as the BSE Midcap and Smallcap indices were down nearly 2 percent each.

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Thursday, 10 August 2017

Nifty Opens Below 9900, Sensex Falls 100 Pts; Tata Motors Drops 4%

Nifty Bank was down 0.4 percent. Nifty Midcap lost 0.7 percent as about two shares declined for every share rising on the NSE.

Shares of National Peroxide gained 9.2 percent intraday on robust Q1 numbers.

The company has reported 46.7 percent jump in its Q1 net profit to Rs 17.9 crore versus Rs 12.2 crore in the same quarter last fiscal.

Revenue of the company rose 18 percent at Rs 76.9 crore versus Rs 65.1 crore.

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Equity Benchmarks Fell Further In Opening Trade Thursday

Equity benchmarks fell further in opening trade Thursday, with the Sensex losing more than 100 points.

The 30-share BSE Sensex was down 122.54 points at 31,675.30 and the 50-share NSE Nifty slipped 41.55 points to 9,866.50.

After earnings, Tata Motors down 4 percent while Aurobindo Pharma rallied 4 percent.

Eicher Motors, ONGC, Tata Power and SBI fell up to 1 percent.

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Wednesday, 9 August 2017

Asian Shares, US Stock Futures, Dollar Slip On Rising Korean Tensions

Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang's warning that it is "carefully examining" plans for a missile strike on the US Pacific territory of Guam.

Just hours after US President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury," a spokesman for the Korean People's Army said in a statement carried by the North's state-run KCNA news agency that it was considering a strike aimed at US military bases on Guam.

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Equity Benchmarks Extended Previous Day's Losses In Opening Trade

Equity benchmarks extended previous day's losses in opening trade Wednesday, tracking weakness in Asia.

The 30-share BSE Sensex was down 91.45 points at 31,922.74 and the 50-share NSE Nifty fell 34.40 points to 9,944.15.

Nifty Bank was down 0.5 percent as Yes Bank, ICICI Bank, Bank of Baroda and Axis Bank were under pressure.

Nalco, Hindalco Industries and Vedanta gained up to 3 percent.


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Tuesday, 8 August 2017

The Nifty Midcap Index Was Up 0.3 Percent As About Two Shares

Bank of Baroda, Eicher Motors, Bajaj Auto and Sun Pharma were up half a percent while IOC, BPCL and Dr Reddy's Labs were under pressure.

The Nifty Midcap index was up 0.3 percent as about two shares advanced for every share falling on the NSE.NALCO, Sintex Industries, JSPL and Idea Cellular gained up to 3 percent.

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The Market Rebounded With Marginal Gains In Opening Tuesday

Market Live: Sensex rebounds in opening, Nifty eyes 10,100; Tata Steel, JPSL gain

The market rebounded with marginal gains in opening Tuesday, with the Nifty inching towards 10,100 level.

The 30-share BSE Sensex was up 70.09 points at 32,343.76 and the 50-share NSE Nifty rose 23.60 points to 10,081.

Tata Steel gained 2 percent as brokerage houses raised target price post Q1 earnings.

Bharti Airtel gained over 1 percent and Bharti Infratel lost 3 percent after former sold stake in later.


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Monday, 7 August 2017

Asia Opens Higher; Nikkei Up 0.5%, Kospi Adds 0.4%

Asia markets opened higher on Monday, with investors' risk sentiment likely improving from Friday's better-than-expected US jobs number as they await to hear Pyongyang's response to UN sanctions over the weekend.

The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday over its intercontinental ballistic missile tests in July. Reuters said the sanctions could slash the reclusive regime's USD 3 billion annual export revenue by a third.

Some analysts, however, said it is unlikely that the sanctions could deter leader Kim Jong Un from pursuing his nuclear weapons ambitions.

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Equity Benchmarks Opened Moderately Higher On Monday

Equity benchmarks opened moderately higher on Monday, with the Nifty inching towards 10,100 level following positive global cues.

The 30-share BSE Sensex was up 51.89 points at 32,377.30 and the 50-share NSE Nifty gained 14.10 points at 10,080.50.

Tata Steel gained 2 percent ahead of Q1 earnings. Tata Motors rose 1 percent despite weak JLR's UK sales.

Nifty Midcap was up 0.5 percent as about two shares advanced for every share falling on the BSE.

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Friday, 4 August 2017

The Indian Rupee On Friday Opened At 63.67 Against The Dollar

VA Tech WABAG bags Rs 386 cr order from BWSSB

The Indian rupee on Friday opened at 63.67 against the dollar, marginally stronger than its previous close.

Bhaskar Panda of HDFC Bank said, "USD-INR pair has been moving down breaking below technical levels. Expect the trend of rupee appreciation to continue as the pair is expected to trade within a range 63.50-63.75."

He further added, "RBI cut repo rate by 25 bps as expected. Not much effect on Indian benchmark yield. The 10-year is expected to trade within the 6.42-6.45 percent range for today."

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Equity Benchmarks Fell Further For Third Consecutive Session

Nifty likely to open flat on back of mixed global cues: ICICIdirect

Equity benchmarks fell further for third consecutive session in opening Friday, weighed by healthcare stocks.

The 30-share BSE Sensex was down 43.68 points at 32,194.20 and the 50-share NSE Nifty fell 10 points to 10,003.65.

Sun Pharma, Dr Reddy's Labs, Lupin, Cipla, Aurobindo Pharma, Ambuja Cements, ONGC, Bharti Airtel, HDFC, Hero MotoCorp and Yes Bank declined up to 2 percent.

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Thursday, 3 August 2017

The Indian Rupee Opened Marginally Higher At 63.67 Per Dollar

The Indian rupee opened marginally higher at 63.67 per dollar versus previous close 63.70.

Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has appreciated sharply on the back of selling from large exporters and custodian banks. USD-INR trading range for the day is 63.50-63.80."

He further added, "The bond market is expected to trade cautiously. 10-year benchmark is expected to trade in the range of 6.44-6.49 percent for the day."

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Equity Benchmarks Extended Losses In Opening Trade Thursday

Equity benchmarks extended losses in opening trade Thursday, with the Nifty struggling below 10,100 level, dragged by banks after RBI policy.

The 30-share BSE Sensex was down 40.79 points at 32,435.95 and the 50-share NSE Nifty fell 12.60 points to 10,068.90.

HDFC Bank, Axis Bank, ICICI Bank, Infosys, ONGC, HUL, Kotak Mahindra Bank, IndusInd Bank, M&M and SBI were under pressure.

IOC gained 1.3 percent ahead of earnings later today. HPCL, Sun Pharma, Wipro, TCS, Eicher Motors, Cipla and Aurobindo Pharma were trading higher.

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Wednesday, 2 August 2017

The Indian Rupee On Wednesday Opened At 64.12 To The Dollar

The Indian rupee on Wednesday opened at 64.12 to the dollar, up 0.1 percent from its previous close.

Dollar recovered mildly after hitting a 15-month low on a mix of political uncertainty and market expectations of further rate hikes from the Fed. The dollar index, which measures the dollar against a basket of rival currencies is subdued.

Globally, Asian stocks paused near decade-highs on Wednesday as investors waited to see if strong earnings results from tech bellwether Apple would ripple out to component makers in the region.

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Equity Benchmarks Began The Session On A Positive Note On Wednesday

Equity benchmarks began the session on a positive note on Wednesday, with the Nifty opening at a record high. Midcaps too opened on a strong note.

The 30-share Sensex was up 84.40 points at 32659.57, while the Nifty was up 11.25 points at 10125.90. The market breadth was positive as 522 shares advanced against ad decline of 225 shares, while 47 shares were unchanged.

Hero MotoCorp and Lupin were the top gainers on both indices, while ONGC, Kotak Mahindra Bank, Ambuja Cements and ACC lost the most.

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Tuesday, 1 August 2017

Asian Shares Tick Up As Investors Look For Proof Of 'goldilocks'

Asian shares mostly directionless as markets digest weaker-than-expected China PMI

Asian shares ticked up in early Tuesday trade as investors looked to a barrage of economic data around the world to confirm recent signs the global economy is in robust health with inflation staying well contained.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, while Tokyo's Nikkei rose 0.4 percent.

On Wall Street, the Dow Jones Industrial Average rose 0.28 percent to end at a record high of 21,891.12 but the Nasdaq Composite pulled back 0.42 percent after recent rallies.

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Equity Benchmarks Opened Moderately Higher

Equity benchmarks opened moderately higher, with the Nifty inching towards 10,100 level as investors look for two-day monetary policy committee meeting that will being today.

The 30-share BSE Sensex was up 27.90 points at 32,542.84 and the 50-share NSE Nifty gained 13.20 points at 10,090.30.

Glenmark Pharma gained 1.6 percent but Biocon fell nearly 2 percent.

The Nifty Midcap was up 0.4 percent. About two shares advanced for every share falling on the NSE.

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