The market is back into action with a roar. The Sensex is up
274.44 points or 1 percent at 27781.98, and the Nifty is up 79.65 points or 0.9
percent at 8363.65. About 1393 shares have advanced, 439 shares declined, and
877 shares are unchanged.
HDFC is up 2 percent while Tata Motors, ICICI Bank, ONGC and
BHEL are top gainers in the Sensex. Among the losers are Bajaj Auto, Bharti
Airtel and Hero.
The rupee fell by 14 paise to 63.49 a dollar in early trade
today at the Interbank Foreign Exchange market as the US currency strengthened
overseas. Dealers said besides dollar's gains against other currencies
overseas, increased demand for the American unit from importers also put
pressure on the rupee.
Domestic equity markets opening with early gains, however,
capped the losses, they said.
The euro started the new year at 29-month lows in Asia after
the head of the head of the European
Central Bank fanned expectations it would take bolder steps on stimulus
this month, so underlining the US dollar's rate advantage.
The ECB council meets on Jan. 22 and markets are wagering it
will finally decide to start buying sovereign debt, following in the footstep
of the US, UK and Japan. That kept the single currency down at USD 1.2082,
depths last seen in mid-2012, while the dollar held firm against a basket of
currencies having ended 2014 with its biggest annual increase since 1997. More
information please visit this site www.bigprofitbuzz.com
No comments:
Post a Comment