Tuesday, 24 January 2017

Nifty opened above crucial 8400 level



At 9:15 AM, the BSE Sensex opened higher by 32 points at 27149, while the Nifty50 opened higher by 11 points at 8402 mark.
 
The rupee opened at 68.08 per dollar gains 12 paise.
 
The European markets got off to a weak start on Monday, as traders had their first opportunity to react to Donald Trump’s inauguration speech. The DAX of Germany dropped 0.73% and the CAX 40 of France fell 0.60%. The FTSE 100 of the U.K. declined 0.66%.
 
The US stocks closed down on Monday as a clutch of corporate quarterly results came out mixed. The Dow Jones Industrial Average closed down 27 points at 19,800, the S&P 500 fell 6 points to close at 2,265 and the Nasdaq Composite Index closed down 2.39 points at 5,552.94. 
 
Asian markets are trading hesitant on Tuesday, following the dull lead from the US market, while Japanese shares are trading in the negative territory after the yen hit a two-month high against the dollar.
 
The SGX Nifty index gained 16-point trading at 8,430, indicating a flat to positive opening for the Indian markets. Investors will react to Hindustan Unilever third quarter numbers which came in after market hours on Monday. HDFC Bank and Bharti Airtel are some of the major companies that are set to post their quarterly earnings today
 
HCL TECH is trading down by Rs 16.85 per share.
 
Asian Paints is trading down by 0.58%.
 
Yes Bank is trading up by 1.1%.
 
Bank of Baroda is up by 0.97%.
 
HDFC Bank is trading up by 0.83%.

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