Monday, 18 July 2016

Live Stock Market Updates - Sensex rallies over 100 points; Nifty reclaims 8550 mark

The BSE Mid-cap Index is trading up 0.38% at 12,171, whereas BSE Small-cap Index is trading up 0.51% at 12,040.

Bombay Stock Exchange UpAt 9:27 AM, the S&P BSE Sensex is trading at 27,968 up 132 points, while NSE Nifty is trading at 8,574 up 23 points.

The BSE Mid-cap Index is trading up 0.38% at 12,171, whereas BSE Small-cap Index is trading up  0.51% at 12,040.

The Indian rupee opened lower by eight paise at 67.15/$ against US Dollar Monday as against the previous close of 67/.07$.

Asian markets are trading mixed. Japan's Nikkei gained 0.68%, Hong Kong's Hang Seng was up 0.5% and Shanghai Composite are trading marginally lower. US stocks closed mixed on Friday.

Prime Minister Narendra Modi on Sunday sought the Opposition's cooperation in the passage of GST Bill. The Opposition is set to target the government over developments in Arunachal Pradesh and Kashmir during parliament's monsoon session starting today.

On the economy front, India's exports in June were USD 22.5 billion compared with USD 22.2 billion in the year ago period while imports declined 7.33% to USD 30.6 billion from USD 33.1 billion in June 2015.

Meanwhile, the trade deficit widened to USD 8.1 billion vis-a-vis USD 6.27 billion in May.

Results to watch out for include HUL, Mindtree and Exide Industries among others. India's foreign exchange reserves fell by $ 1.228 billion to $ 361.943 billion in the week ended July 8, the Reserve Bank of India said. India's India's reserve position in the International Monetary Fund (IMF) went down by $ 5.9 million to $ 2.389 billion, the bulletin added.

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