After a long weekend of five days, equity benchmarks started of Tuesday's trade on a lower note with the Sensex falling 22.52 points to 26545.47 and the Nifty losing 11.25 points to 7934.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent each. About 595 shares have advanced, 309 shares declined, and 52 shares are unchanged. Shares of ITC, HDFC Bank, HUL, Infosys, Dr Reddy's Labs and UltraTech Cement lost 0.8-1.4 percent while TCS, BHEL, Coal India, ICICI Bank, NTPC, HCL Technologies and BPCL gained 0.7-2 percent. The Indian rupee opened higher by 20 paise on Tuesday at 61.41 per dollar against 61.61 a dollar on last Wednesday. There is a flat trade for the dollar after rising to a four-year high of 86.746 on Friday. Ashutosh Raina of HDFC Bank said, "The recent US non-farm payrolls number fuelled the speculation that US Federal Reserve may hike interest rates sooner than expected which sent the dollar index to near-term highs." "The USD-INR pair continues to trade in the 61-62 range, tracking the choppy and volatile global markets," he added. On the global front, Asian markets were trading mixed. Hang Seng, Nikkei and Kospi saw marginal gains while Straits Times and Taiwan Weighted declined. Protest in Hong Kong that started a week ago has been demanding the right to choose a candidate for the chief executive role in 2017. In the US, stocks fell with investors adopting a cautious approach two days before the release of minutes from the Federal Reserve's last meeting and quarterly earnings. The federal open market committee releases minutes from its last session on Wednesday, with the Federal Reserve on track to conclude its bond purchases this month. And in Europe, it was a positive start to the week although the German DAX pared gains following disappointing economic data from the country.
Tuesday 7 October 2014
Sensex, Nifty flat; Tata Motors, TCS, HCL Tech top gainers
After a long weekend of five days, equity benchmarks started of Tuesday's trade on a lower note with the Sensex falling 22.52 points to 26545.47 and the Nifty losing 11.25 points to 7934.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent each. About 595 shares have advanced, 309 shares declined, and 52 shares are unchanged. Shares of ITC, HDFC Bank, HUL, Infosys, Dr Reddy's Labs and UltraTech Cement lost 0.8-1.4 percent while TCS, BHEL, Coal India, ICICI Bank, NTPC, HCL Technologies and BPCL gained 0.7-2 percent. The Indian rupee opened higher by 20 paise on Tuesday at 61.41 per dollar against 61.61 a dollar on last Wednesday. There is a flat trade for the dollar after rising to a four-year high of 86.746 on Friday. Ashutosh Raina of HDFC Bank said, "The recent US non-farm payrolls number fuelled the speculation that US Federal Reserve may hike interest rates sooner than expected which sent the dollar index to near-term highs." "The USD-INR pair continues to trade in the 61-62 range, tracking the choppy and volatile global markets," he added. On the global front, Asian markets were trading mixed. Hang Seng, Nikkei and Kospi saw marginal gains while Straits Times and Taiwan Weighted declined. Protest in Hong Kong that started a week ago has been demanding the right to choose a candidate for the chief executive role in 2017. In the US, stocks fell with investors adopting a cautious approach two days before the release of minutes from the Federal Reserve's last meeting and quarterly earnings. The federal open market committee releases minutes from its last session on Wednesday, with the Federal Reserve on track to conclude its bond purchases this month. And in Europe, it was a positive start to the week although the German DAX pared gains following disappointing economic data from the country.
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