Friday, 1 July 2016

Nifty Market: Nifty Opens July Series Above 8300, Sensex Gains Over 150 pts



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The Indian Equity Market opened Gregorian calendar month series on a robust note. The 50-share is up 49.05 points or 0.6 p.c at 8336.80 and also the Sensex is up 185.87 points or 0.7 p.c at 27185.59. concerning 666 shares have advanced, 148 shares declined, and forty one shares square measure unchanged. 
Dr Reddy's Labs, BHEL, Tata Steel, Wipro and Tata Motors square measure high gainers whereas ITC, Bharti Airtel, HUL, Asian Paints and NTPC square measure losers. The Indian monetary unit opened marginally higher at sixty seven.50 per dollar on weekday against previous shut of 67.52. Pound is headed for a second weekly drop as traders mull the political fallout from the brexit vote, together with signs the Bank Of European country could cut interest rates within the coming back months. Bhaskar Panda of HDFC Bank same, "We expect the USD-INR try to stay rangebound these days. 
The mercantilism vary for the USD-INR is seen between 67.50-67.70/dollar." Asian stocks rose as international riskier assets continued  to pass though last week's Brexit shock, whereas the pound came beneath revived pressure once the Bank of England's governor hinted of associate rate cut ahead.

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