Today Indian stock market opened with a fall. Auto, Power, bank and metal stocks have selling pressure on the market. Midcap and Smallcap stocks are also moving dull.However FMCG, Pharma and IT stocks have buying trends.
Currently, the 30-share BSE Sensex index fell marginally by 25 points and is trading at a level of 26,412. The NSE 50-share Nifty index fell 9 points to 7900 level.
Today, Shares of telecom operators were little changed in early trade after the Mukesh Ambani -led Reliance Jio Infocomm launched its much-awaited 4G service on yesterday, setting the stage for intense competition in the burgeoning $50 billion local telecom industry.
The market fell last week in tandem with global stocks as uncertainty regarding the quantum and timing of interest rate hikes in the United States spooked investors. Profit booking added fuel to the fire as Indian shares had risen ahead of the Reserve Bank of India's (RBI) monetary policy review on Tuesday, 5 April 2016. Shares corrected after RBI cut its benchmark lending rate by 25 basis points...
Read more here- http://www.pinnaclefinancial.in/blog/nifty-trend-and-stock-of-the-week/
The scrip opened at Rs. 114.50 and has touched a high and low of Rs. 118.90 and Rs. 114.00 respectively. So far 12656 shares were traded on the counter.
The BSE Sensex fell marginally in early trade on Monday following weakness in Asian markets. Globally investors remain cautious about the weak economic growth and September quarter earnings despite strong US jobs data.
Cardamom markets are possibly witnessing the beginnings of festive demand. Evening on Friday, MCX cardamom October and December contracts hit the upper circuit.
At the NCDEX, chilli futures for October 2012 contract closed at Rs. 5,390 per quintal, up by 1.05 per cent, after opening at Rs. 5,324 against the previous closing price of Rs. 5,334. It touched the intra-day high of Rs. 5,410.
Mustard Seed prices closed lower by 0.98 per cent on Wednesday at NCDEX as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal.
Gold prices on the Comex were volatile on Wednesday as the greenback climbed only to fall later as investors booked profits which in turn saw the gold prices climb.
The six member ECB or European Central Bank Executive Board and governors of 16 euro zone central banks would vote on where to set the interest rates. These short-term interest rates deeply influence currency valuations.