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Monday, 4 July 2016

Share Market Update: Nifty Opens above 8350, Sensex Up Over 150 pts

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The Indian Stock Market has opened on a powerful note Monday with the bang-up approaching to 8400. The 50-share index is up 52.15 points or 0.6 p.c at 8380.50 and therefore the Sensex is up 179.96 points or 0.7 p.c at 27324.87. concerning 703 shares have advanced, 171 shares declined, and fifty shares square measure unchanged. ONGC, Tata Motors, BHEL, Dr Reddy's and woody plant square measure gainers whereas ITC is down on the Sensex. 
The Indian rupee gained within the early trade. it's opened higher by nine paise at sixty seven.23 per greenback versus 67.32 Friday. greenback fell against the monetary unit on Friday owing to reduced expectations of a United States of America interest-rate hike this year. Pramit Brahmbhatt of truthfulness aforementioned, "Rupee to trade with positive bias and can still take cues from the domestic equity market wherever we are going to see optimism prevailing." 
Asian share markets took a step back on Monday, whereas the Australian dollar born once no clear winner emerged from a weekend election. Activity across abundant of the region was subdued as investors took stock of the potential economic fallout from the Brexit vote once days of volatile trade, and as United States of America monetary and artefact markets are going to be closed on Monday for the Fourth of July|national holiday} holiday.

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