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Sunday, 9 November 2014

Nifty still below 8350; FMCG up, infra stocks laggards

The market has erased its gains. The Sensex is down 14.34 points at 27854.29 and the Nifty is down 6.55 points at 8330.45. About 1275 shares have advanced, 1154 shares declined, and 89 shares are unchanged. 

Sun Pharma, ITC, Coal India, BHEL and Hero Moto are top gainers in the Sensex. Among the losers are L&T, ONGC, GAIL, Tata Motors and Tata Steel.

The rupee strengthened by 17 paise to 61.45 against the dollar in early trade today at the
Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows. Forex dealers said besides increased selling of the
American currency by exporters and banks, the dollar's weakness against other currencies overseas, supported the rupee.

The rupee had dropped by 21 paise to three-and-a-half week low of 61.62 against the Greenback in the previous session on sustained dollar demand from importers.

Asian markets remain mixed as Nikkei trades with almost 1 percent losses while Shanghai and Hang Seng indices outperform. More information please visit this site

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