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Monday, 25 July 2016

Stock Market Update: Sensex, Nifty Open Flat

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The Indian Equity Market has opened flat on Mon with the cracking below 8550. The 50-share index is down 21.65 points or 0.2 p.c at 8519.55 and also the Sensex is down fifty seven.53 points or 0.2 p.c at two7745.71. regarding 214 shares have advanced, eighty two shares declined, and twenty eight shares area unit unchanged. Adani Ports, ITC, Asian Paints, Maruti and GAIL area unit prime gainers whereas Axis Bank, Cipla, BHEL, TCS and M&M area unit prime losers within the Sensex. The rupee opened lower by eleven at sixty seven.19 per greenback on Mon versus 67.08 Friday. 
The greenback index rose to a quite four-month high on Friday as positive United States of America information prompted investors to re-evaluate the chance of a rate hike from the United States of America Fed whereas different central banks area unit seen cutting rates or adding stimulation. 
Asian shares command close to nine-month highs as worries over the impact of Britain's Brexit vote alleviated amid efforts to take care of growth, whereas the greenback was buoyed by a run of solid United States of America economic information.

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