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Thursday, 11 August 2016

Stock Market News: Nifty, Sensex Open Flat

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The market has opened flat with the groovy still below 8600. The 50-share is down 4.30 points at 8571 whereas the Sensex is up a pair of.04 points at 27776.92. BHEL, Axis Bank, Coal India, NTPC and ICICI Bank ar prime gainers whereas GAIL, Wipro, Sun Pharma, HDFC and TCS ar losers. Bank of Baroda is down five p.c when it announce dissatisfactory Q1 results. The rupee opened lower by nine paise at 66.81 per greenback versus 66.72 Wed. Tirthankar Patnaik of Mizuho Bank same, "We expect a number of the recent weakness on the greenback against international currencies and sustained capital inflows to continue supporting the rupee within the close to term, that ought to vary between 66.25-66.75/dollar." The U.S. greenback fell broadly speaking as U.S. treasury yields fell and investors waited on a speech by Fed Chair Janet Yellen later this month.

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