Tuesday, 31 May 2016

Stock Market News: Nifty Above 8200; Tata Motors up 9%




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The Indian Equity Market started off end of the world of the could on a positive note, chase positive Asian cues. The Sensex rose ninety two.52 points to 26818.12 and also the bang-up advanced twenty five.95 points at 8204.45. once fourth quarter earnings, Sun pharmaceutical company declined three p.c whereas Tata Motors surged eight p.c. The Indian monetary unit opened flat at sixty seven.15 per greenback against previous shut of sixty seven.16. Ashutosh Raina of HDFC Bank same, "The continued  hawkish Fed speak looks to be getting ready the markets for a attainable Fed hike shortly. The USD-INR try has been commercialism within the 67-67.50/dollar vary with prospects of a decent monsoon and risk of GST bill obtaining passed in Monsoon session of Parliament serving to the try." "We expect the try to continue commercialism during this target the close to term," he added. The greenback reached a two-month high against a basket of currencies and a one-month high against the yen on weekday, once Federal Reserve Chair Janet Yellen distributed expectations the Fed would raise US interest rates shortly.

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