Friday, 29 June 2018

The Market Remained Strong In Morning With The Nifty Holding 10,650 Level

The market remained strong in morning with the Nifty holding 10,650 level on the very first day of July series, backed by oil, metals, infra and FMCG stocks.

The 30-share BSE Sensex gained 194.71 points at 35,232.35 and the 50-share NSE Nifty rose 64.00 points to 10,653.10. About three shares advanced for every share falling on the BSE.

Shares of Indo Rama Synthetics rose 10.6 percent on issuance of equity shares on private placement basis.

The company in its board meeting held on June 28 has approved issuance of 90.90 lakh equity shares by way of preferential issue on private placement basis.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Recovered From Its Record Low By Rising 20 Paise To 68.58 Against The US Dollar

The rupee recovered from its record low by rising 20 paise to 68.58 against the US dollar on fresh selling of the American currency by banks and exporters.

The Indian currency had yesterday breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar due to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.

Selling of dollars by banks and exporters today made the greenback weak against some currencies overseas, which supported the rupee, forex dealers said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 28 June 2018

Shares Of Lupin Added Nearly 2 Percent Intraday As Company Partnered

Shares of Lupin added nearly 2 percent intraday as company partnered with Mylan to commercialise Enbrel biosimilar.

Through the partnership agreement, Mylan will commercialize Lupin's proposed etanercept biosimilar in Europe, Australia, New Zealand, Latin America, Africa and most markets throughout Asia, company said in release.

Enbrel is a TNF-inhibitoriindicated to treat certain autoimmune diseases, including rheumatoid arthritis, psoriatic arthritis, plaque psoriasis and ankylosing spondylitis, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Opened Mildly Lower After The Indian Rupee

Benchmark indices opened mildly lower after the Indian rupee touched an all-time low of 68.89 to the dollar.

The 30-share BSE Sensex fell 33 points to 35,184.11 and the 50-share NSE Nifty slipped 23 points to 10,648.40.

TCS, Infosys, Wipro, HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, IndusInd Bank and Hindalco Industries are early gainers. Tata Motors is under pressure. Nifty Midcap index fell 93 points and Nifty Bank lost 23 points.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 27 June 2018

JSW Steel Announced Plans To Increase The Annual Steel Manufacturing Capacity Of JSW

JSW Steel announced plans to increase the annual steel manufacturing capacity of JSW Vijayanagar Works to 13MTPA, which is likely to be completed by March 2020.

The company has also launched various other upgradation and augmentation projects which are expected to result in substantial cost savings in operations over the long term.

At 12 MTPA currently, JSW Vijayanagar Works is the largest state-of-the-art single location steel manufacturing unit in India.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Extended Losses In Afternoon Trade With The Nifty Breaking

Benchmark indices extended losses in afternoon trade with the Nifty breaking 10,700 levels, dragged largely by oil stocks and ICICI Bank.

The 30-share BSE Sensex fell 166.29 points to 35,323.75 while the 50-share NSE Nifty dropped 69 points to 10,700.20 ahead of expiry of June futures & options contracts.

The market breadth remained in favour of bears as about four shares declined for every share rising on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 26 June 2018

Shares Of Aurobindo Pharma Added 2 Percent As Company Received USFDA

Shares of Aurobindo Pharma added 2 percent as company received USFDA approval for Ertapenem injection.

The company has received final approval from the USFDA to manufacture and market Ertapenem injection 1 g/vial. Ertapenem injection is a generic equivalent of Merck Sharp & Dohme Corp’s Invanz injection. The product will be launched in July 2018.

Ertapenem injection is used for the treatment of moderate to severe infections caused by susceptible bacteria. Also indicated in adults for the prophylaxis of surgical site infection following elective colorectal surgery.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Started Off The Trade On A Negative Note

Benchmark indices started off the trade on a negative note, following global weakness due to trade tensions between world's largest economies US and China.

The 30-share BSE Sensex slipped 94.76 points to 35,375.59 and the 50-share NSE Nifty declined 29.00 points to 10,733.50.

Tata Motors, Vedanta, IOC, BPCL, HPCL, Cipla and Dr Reddy's Labs are early losers. Aurobindo Pharma, Asian Paints, Axis Bank, ITC, Lupin, TCS and Indiabulls Housing gained. Nifty Midcap index fell 55 points and Nifty Bank lost 95 points.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 25 June 2018

The Market Has Begun This Week On A Subdued Note

The market has begun this week on a subdued note. Indices opened mildly lower, but are now trading flat. The Nifty manages to hold 10,800 levels. Some strength is visible among pharmaceutical names, which are currently trading higher by a percent.

The Sensex is down 17.18 points at 35672.42, and the Nifty down 8.20 points at 10813.70. About 385 shares have advanced, 456 shares declined, and 56 shares are unchanged.

Infosys, Lupin, IndusInd Bank, Vedanta are the top gainers, while Dr Reddy's, Tata Motors, ICICI Bank, RIL, Yes Bank and SBI are the top losers. Among the sectors, auto, energy, infra are trading lower, while IT, metal and pharma gain the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Marginally Lower By 6 Paise At 67.90 Per Dollar On Monday

The Indian rupee opened marginally lower by 6 paise at 67.90 per dollar on Monday versus 67.84 Friday.

On the daily chart, USD-INR has been falling down from last two trading sessions after taking a resistance of upper Bollinger band formation; which indicate bearish sentiments for near term.

In addition, Price has shifted below 21 DEMA on daily chart, which confirms downward trend for near term.

Moreover, a momentum indicator RSI and MACD has turned down with negative crossover on daily chart.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 22 June 2018

The Rupee Firmed Up By 15 Paise To 67.83 Against The Dollar

The rupee firmed up by 15 paise to 67.83 against the dollar today after increased selling of the US currency by exporters and banks. The dollar slipping from an 11-month peak against other currencies overseas as investors took profits also helped the rupee.

Further, fresh foreign capital inflows took the local currency higher but a lower opening of the domestic equity markets capped the rise, dealers said.

Yesterday, the rupee had appreciated by 10 paise to close at 67.98 against the greenback on sustained selling of the American currency by exporters and local banks.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Is Trading Flat In Morning Following Mixed Trade In Asian Peers

The market is trading flat in morning following mixed trade in Asian peers ahead of uncertainty over raising crude output in OPEC meeting decision due later in the day.

Sectoral trend is also mixed while the broader markets are trading in line with frontliners. The 30-share BSE Sensex fell 10.26 points to 35,422.13 and the 50-share NSE Nifty declined 11.60 points to 10,729.50.

The Bank Nifty is on the verge of a breakdown too. Crucial support for the Bank Nifty index is now seen around its 21-day Double Exponential Moving Average which is placed at 26,350. If the Bank Nifty fails to hold above the same then further weakness cannot be ruled out in the near term.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 21 June 2018

Benchmark Indices Started Off The Day On A Positive Note Thursday

Benchmark indices started off the day on a positive note Thursday, tracking positive Asian cues.

The 30-share BSE Sensex rose 92.13 points to 35,639.46 and the 50-share NSE Nifty gained 25.70 points at 10,797.70. ICICI Bank gained 1 percent. Nifty Midcap index rose 45 points.

InterGlobe Aviation, Adani Transmission, Adani Ports, Arvind, PFC, Havells, Jubilant Foodworks, NIIT Tech, PTC India Financial, CG Power, Delta Corp, Gruh Finance and Cummins India gained 1-3 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Slipped 12 Paise To 68.20 Against The US Dollar Due To Fresh Buying

The rupee slipped 12 paise to 68.20 against the US dollar due to fresh buying of the American currency by importers amid sustained foreign fund outflows.

Forex dealers said the dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall.

Foreign portfolio investors sold shares worth Rs 2,442.61 crore yesterday, as per provisional data issued by stock exchanges.

Yesterday, the local currency had staged a good comeback to end with a sharp gain of 30 paise at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground, reports PTI.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 20 June 2018

Shares Of Wheels India Gained Around 10 Percent In The Morning Trade On Wednesday

Shares of Wheels India gained around 10 percent in the morning trade on Wednesday as investors cheered the news of bonus issue in the offing.

The company, in a filing to the exchanges, said that a Board meeting is scheduled for Friday, June 22, 2018.

“We hereby give prior intimation that the Board of Directors of the firm may consider bonus shares in the aforesaid meeting,” the company said in the statement which was filed with the bourses.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Nifty Auto Is Trading In The Green Led By Mahindra & Mahindra

Nifty realty is the top performing sector led by stocks like Indiabulls Real Estate, DLF, Prestige Estates and Pheonix Mills among others.

Nifty auto is trading in the green led by Mahindra & Mahindra which is up 1 percent while Maruti Suzuki added half a percent. However, Apollo Tyres is trading lower by over 2 percent.

From the banking space, Axis Bank is up 1 percent while HDFC Bank and RBL Bank are the other gainers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 18 June 2018

The Market Is Rangebound In Morning Trade Despite Weakness In Asian Peers

The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world's two largest economies US and China.

The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week.

The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Weakened By 15 Paise To Hit A Fresh Three Week Low Of 68.16

The rupee weakened by 15 paise to hit a fresh three-week low of 68.16 against the US dollar in opening trade today but it cut down losses to 4 paise at 68.04 a dollar, pressured by appreciation of the American currency overseas amid sustained foreign capital outflows.

Forex dealers said the dollar's rise towards a seven-month high against a basket of its peers, as investors absorbed the escalation in trade tensions between the US and China, weighed on the rupee. However, a higher opening in the domestic equity market capped the losses.

The rupee had closed below the key 68-mark to end at 68.01 against the US currency in the previous session on Friday after the country's trade deficit widened more than expected amid renewed global trade war fears.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 15 June 2018

Benchmark Indices Opened On A Flat Note Amid Mixed Trade In Asia Ahead

Benchmark indices opened on a flat note amid mixed trade in Asia ahead of likely US tariffs on select Chinese goods.

The Sensex fell 12.28 points to 35,587.54 and the Nifty slipped 1.80 points to 10,806.20.

L&T, Reliance Industries, HDFC Bank, BPCL and IOC are under pressure.

Dr Reddy's Labs, TCS, Lupin, ICICI Bank, Titan Company and Maruti Suzuki gained up to 2 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Plunged By 32 Paise To Hit A Three Week Low Of 67.95 Against The US Dollar

The rupee plunged by 32 paise to hit a three-week low of 67.95 against the US dollar following strong demand for the greenback amid sustained foreign capital outflows.

Besides, the dollar strengthening against other currencies overseas as the European Central Bank pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.

Foreign portfolio investors sold shares worth Rs 1,372.84 crore yesterday, as per provisional data issued by the stock exchanges.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 14 June 2018

Shares Of HDFC Bank Were Up Around A Quarter Of A Percent After The Lender Recived

Shares of HDFC Bank were up around a quarter of a percent after the lender recived a Cabinet nod to its fundraising amount.

The stock on Thursday touched an intraday high of Rs 2,041.4, while it touched an intraday low of Rs 2,035.25.

The Union Cabinet on Wednesday approved foreign direct investment worth Rs 24,000 crore for HDFC Bank.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Started Off Trade On A Weak Note After Investors Digested US Federal

Benchmark indices started off trade on a weak note after investors digested US Federal Reserve's rate hike.

The 30-share BSE Sensex fell 93.70 points to 35,645.46 and the 50-share NSE Nifty declined 35.30 points to 10,821.40.

Infosys lost 2 percent. Vedanta, BPCL, HPCL, IOC, SBI, Axis Bank, ICICI Bank and Tata Steel are under pressure. Lupin, Cipla, Aurobindo, Bharti Airtel and HDFC Bank are early gainers. Nifty Midcap index dropped 36 points and Nifty Bank slipped 70 points.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 13 June 2018

Dr Reddy’s Labs And Lupin Are Among The Top Gainers

Equity benchmarks have given up almost all of their gains from first few minutes. The Nifty is hovering around 10,850-mark. 

Gains are visible among frontline IT, pharma and PSU banking names while metals and infra see some weakness. The Midcap index has also shaved off some part of its gains.

Dr Reddy’s Labs and Lupin are among the top gainers, while Bharti Airtel, Tata Steel and Indiabulls Housing were the top losers. Among other stocks, Sun Pharma is up 3 percent after it received an establishment inspection report from US FDA for its Halol plant, while TCS is trading higher by 2 percent after it said a buyback proposal is on the cards.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Lower By 12 Paise At 67.60 Per Dollar On Wednesday

The Indian rupee opened lower by 12 paise at 67.60 per dollar on Wednesday against previous close 67.48.

Volatility for the USD-INR pair was confined to a narrow range in the past few sessions, but today is expected to open higher at 67.70 levels following weaker-than-expected economic numbers on the domestic front. 

Data released by CSO showed India’s inflation in May rose 4.87% compared to 4.53% in the previous month on back of higher fuel prices, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 12 June 2018

The Indian Rupee Opened Marginally Lower At 67.45 Per Dollar On Tuesday

The Indian rupee opened marginally lower at 67.45 per dollar on Tuesday versus previous close 67.42.

In the last couple of session rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number. 

Market participants are cautious ahead of today’s inflation and IIP number; expectation is that inflation for May could rise to 4.8% compared to rise of 4.5% in the previous month, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Began Trading On A Mildly Higher Note

Benchmark indices began trading on a mildly higher note, with the Nifty holding 10,800-mark in the opening tick

The Sensex is up 43.18 points or 0.12% at 35526.65, while the Nifty is up 14.50 points or 0.13% at 10801.50. The market breadth is positive as 481 shares advanced, against a decline of 334 shares, while 68 shares were unchanged.

All sectoral indices are trading flat, with maximum gains visible in pharmaceutical names. Midcaps, too, are trading flat; Nifty Midcap index is up over one-tenth of a percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 11 June 2018

Shares Of Sun Pharma Continued Its Gains From Friday, Rising Over A Percent On Monday

Shares of Sun Pharma continued its gains from Friday, rising over a percent on Monday morning, after its Halol plant received a VAI status from US drug regulator.

The status implies that the plant may not go a re-inspection by the regulator ahead. The stock has touched an intraday high of Rs 536.00 and an intraday low of Rs 527.70.

The company has received a voluntary action initiated status for its Halol plant from US FDA. For the uninitiated, VAI status would imply that there would be no re-inspection required at its Halol unit.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened With Marginal Gain Of 4 Paise At 67.46 Per Dollar On Monday

The Indian rupee opened with marginal gain of 4 paise at 67.46 per dollar on Monday versus previous close 67.50.

Rupee, on Friday, came under pressure against the US dollar after global crude oil prices continued its uptrend. But in the late half of the session crude prices came under pressure as US oil drilling activity rose to its highest level since March, 2015, while increasing output in Russia also weighed on the market, said Motilal Oswal.

On the domestic front, market participants will be keeping an eye on inflation and industrial production number. Expectation is that inflation for May could rise to 4.8% compared to rise of 4.5% in the previous month.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 8 June 2018

Equity Benchmarks Have Begun The Day On A Lower Note

Equity benchmarks have begun the day on a lower note, tracking negative global cues along with domestic issues of higher bond yields, crude prices as well as weak rupee.

The Sensex is down 132.72 points or 0.37% at 35330.36, while the Nifty is lower by 45.60 points or 0.42% at 10722.80. The market breadth is in favour of the declines as 346 shares have advanced against a fall of 668 shares, while 68 shares are unchanged.

Shares of oil marketing companies are trading lower on the back of higher crude prices. Indian Oil, HPCL and BPCL are trading up to 2 percent lower.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Slipped In The Early Trade On Friday

The Indian rupee slipped in the early trade on Friday. It has opened lower by 34 paise at 67.46 per dollar versus 67.12 yesterday.

Rupee fell in the second half of the session following broad strength in the dollar against its major crosses and uptick in global crude oil prices.

Yesterday, oil prices rose following reports that Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals. In the recent past, it has been observed that higher crude oil prices have weighed on the rupee, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 7 June 2018

The Market Is Currently Trading Strong, With The Sensex Gaining Over 200 Points

The market is currently trading strong, with the Sensex gaining over 200 points, while the Nifty has managed to surpass 10,750-mark. 

The market breadth is currently in favour of advances. Axis Bank, Tata Steel and Vedanta are the top gainers, while Airtel, Power Grid, Tech Mahindra and Titan have lost the most.

Shares of Kwality touched 52-week low of Rs 31.65, locked at 5 percent lower circuit despite company meeting to consider buyback proposal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Flat At 66.93 Per Dollar On Thursday

The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.

Near-month dollar-rupee June contract on the NSE was at 67.08 in the previous session. June contract open interest declined 2.11% in the previous day.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 6 June 2018

Sensex, Nifty Open On A Flat Note Ahead Of RBI Policy Meet Outcome; Midcaps Dip

The Sensex is up 51.86 points or 0.15% at 34955.07, and the is Nifty up 13.10 points or 0.12% at 10606.30. About 232 shares advanced against a decline of 291 shares, while 48 shares were unchanged.

All sectoral indices on the Nifty are largely trading in the flat terrain, while some weakness is seen in the financial names, possibly on a caution note ahead of central bank’s meet outcome.

Coal India, Sun Pharma, and Bajaj Finance are the top gainers, while Power Grid, Airtel and Zee Entertainment have lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Higher By 7 Paise At 67.08 Per Dollar On Wednesday

The Indian rupee opened higher by 7 paise at 67.08 per dollar on Wednesday versus 67.15 yesterday.

In the last few sessions rupee is consolidating in a range of 66.90 and 67.35 as most market participants are cautious ahead of the important RBI policy statement that will be released later today.

Expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’, said motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 5 June 2018

Equity Benchmarks Have Begun The Day On A Flat Note

Equity benchmarks have begun the day on a flat note, with the Nifty holding on to 10,600-mark. The Sensex has managed to trade above 35,000.

The Sensex is up 26.02 points or 0.07% at 35037.91, and the Nifty down 11.30 points or 0.11% at 10617.20. The market breadth is negative as 217 shares advanced, against a decline of 289 shares, while 61 shares are unchanged.

Some cuts are visible in the PSU banking space, while the Bank Nifty is also down around quarter of a percent. Midcaps, meanwhile, are trading flat.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Higher At 67.07 Per Dollar On Tuesday

The Indian rupee opened higher at 67.07 per dollar on Tuesday versus previous close 67.11. Rupee consolidated in a narrow range ahead of the important RBI policy meeting outcome that will be released tomorrow.

The three-day policy meeting began yesterday; expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’.

Market participants will also be keeping an eye on inflation outlook especially after the recent rally in global crude oil prices, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 4 June 2018

Benchmark Indices Started Off The Week On A Strong Note

Benchmark indices started off the week on a strong note, tracking positive lead from global stocks.

Th e 30-share BSE Sensex rallied 236.77 points to 35,464.03 and the 50-share NSE Nifty rose 61.20 points to 10,757.40.

Hero MotoCorp, L&T, Bajaj Finance, Titan Company, HDFC Bank, ICICI Bank, Dr Reddy's Labs, IndusInd Bank, HPCL, Tata Motors, BPCL, GAIL, IOC, HDFC and Coal India gained up to 2.5 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Higher By 10 Paise At 66.96 Per Dollar Versus 67.06 Friday

The Indian rupee opened higher by 10 paise at 66.96 per dollar versus 67.06 Friday.

Rupee rose against the US dollar, on Friday, after India’s Q4 GDP number showed growth of 7.7 percent compared to growth of 7.2 percent in the previous quarter.

On the other hand, government data showed India’s fiscal deficit in the year ended March 2018 came in at 3.53% of GDP in line with the revised estimates.

Overall, the numbers were in line with estimates and rupee was supported on lower levels, said Motilal Oswal .

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 1 June 2018

The Nifty50 Is Trading In A Narrow Range Around Its Previous Closing Levels

The Nifty50 is trading in a narrow range around its previous closing levels but the Midcap index underperformed frontliners again, falling third of a percent.

Bajaj Auto gained 2 percent after the company registered 30 percent growth year-on-year in May sales data.

Nifty Bank slipped around half a percent but ICICI Bank stands toll among banking space, rising nearly 4 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Started Off Last Day Of The Week On A Flat Note Despite

Benchmark indices started off last day of the week on a flat note despite better-than-expected fourth quarter GDP data.

The 30-share BSE Sensex fell 25.01 points to 35,297.37 and the 50-share NSE Nifty declined 16.90 points to 10,719.30.

Nifty Bank index fell 150 points and Nifty Midcap index declined 40 points.

ICICI Bank rallied nearly 4 percent after Chanda Kochhar has already proceeded on leave. The bank is calling it a 'planned annual leave'.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory