At 9:15 AM, the S&P BSE Sensex is trading at 25,673 down 16 points, while NSE Nifty is trading at 7,857 down mere nine points. The BSE Mid-cap Index is trading up 0.12% at 11,115, whereas BSE Small-cap Index is trading up 0.14% at 11,050.
At 9:15 AM, the S&P BSE Sensex is trading at 25,673 down 16 points, while NSE Nifty is trading at 7,857 down mere nine points.
The BSE Mid-cap Index is trading up 0.12% at 11,115, whereas BSE Small-cap Index is trading up 0.14% at 11,050.
The Indian rupee opened lower by 8 paise at 66.66/$ against US Dollar on Tuesday as against the previous close of 66.58/$. On Monday, the rupee has lost substantial ground against the greenback, with values quoted at 66.70. Strength in US dollar against the basket of major currencies is taking a toll on the emerging market currencies as well. The recovery in US dollar is not surprising, as it has been exhibiting resilience at lower levels.
Results to watch out for include Zee Entertainment, Repco Home, NIIT, SRF and Radico Khaitan among others. The global cues are mixed for now. Japan's Nikkei is higher and so is South Korea's Kospi. China's Shanghai Composite is lower. Chinese CPI for April was flat at 2.3% while PPI for April fell 3.4% as against 4.3% fall in the preceding month. US technology shares ended modestly higher while the S&P 500 finished flat and the Dow industrials closed in the negative territory. The Nasdaq Composite index advanced 14.05 points, or 0.3%, to finish at 4,750.21. The S&P 500 index rose by 1.55 points to close at 2,058.69, led by a 1.1% gain in Health-care stocks. The Dow Jones Industrial Average slipped by 34.72 points, or 0.2%, to close at 17,705.91.
Crude-oil futures rose overnight, but turned sharply lower midmorning as the likelihood of a production freeze from OPEC faded post the removal of Saudi Arabia’s Oil Minister, Ali al-Naimi. US traded crude oil futures fell by US$1.22, or 2.7%, to settle at US$43.44 per barrel. Market sentiment was further dented by the weak earnings, with S&P 500 companies posting their lowest EPS growth rate since the financial crisis.
Meanwhile, Minneapolis Fed President Neel Kashkari said on Monday that he supported the current dovish stance of the Federal Reserve. He also said that markets pay too much attention to statements from the US central bank.
The BSE Mid-cap Index is trading up 0.12% at 11,115, whereas BSE Small-cap Index is trading up 0.14% at 11,050.
The Indian rupee opened lower by 8 paise at 66.66/$ against US Dollar on Tuesday as against the previous close of 66.58/$. On Monday, the rupee has lost substantial ground against the greenback, with values quoted at 66.70. Strength in US dollar against the basket of major currencies is taking a toll on the emerging market currencies as well. The recovery in US dollar is not surprising, as it has been exhibiting resilience at lower levels.
Results to watch out for include Zee Entertainment, Repco Home, NIIT, SRF and Radico Khaitan among others. The global cues are mixed for now. Japan's Nikkei is higher and so is South Korea's Kospi. China's Shanghai Composite is lower. Chinese CPI for April was flat at 2.3% while PPI for April fell 3.4% as against 4.3% fall in the preceding month. US technology shares ended modestly higher while the S&P 500 finished flat and the Dow industrials closed in the negative territory. The Nasdaq Composite index advanced 14.05 points, or 0.3%, to finish at 4,750.21. The S&P 500 index rose by 1.55 points to close at 2,058.69, led by a 1.1% gain in Health-care stocks. The Dow Jones Industrial Average slipped by 34.72 points, or 0.2%, to close at 17,705.91.
Crude-oil futures rose overnight, but turned sharply lower midmorning as the likelihood of a production freeze from OPEC faded post the removal of Saudi Arabia’s Oil Minister, Ali al-Naimi. US traded crude oil futures fell by US$1.22, or 2.7%, to settle at US$43.44 per barrel. Market sentiment was further dented by the weak earnings, with S&P 500 companies posting their lowest EPS growth rate since the financial crisis.
Meanwhile, Minneapolis Fed President Neel Kashkari said on Monday that he supported the current dovish stance of the Federal Reserve. He also said that markets pay too much attention to statements from the US central bank.
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