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Friday, 11 November 2016

Stock Market Live News: Nifty Is Trading At 8,457

Sensex tanks over 300 points:
BSE Sensex is trading at 27,172 down 346 points, while NSE Nifty is trading at 8,457 down 69 points. Asian markets saw a mixed start as pessimism still prevailed with US $ strength seeing currency weakness hit sentiment. This after the Dow Jones hit new all time highs as rise in bond yields saw banks outperform on the back of rising treasury profits. Metals also continued to see huge buying as expectations of rise in capex spending in the US triggered demand for base metals. Investors are not sure if the Fed would rates in December.       

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Rupee falls by 53 paise:
The rupee opened lower at 67.15/$ as against the previous close of 66.62/$. Rupee hits to lowest level since August 29 against Dollar.

Top 10 stocks in focus today:
BPCL, Sun Pharma, Tata Chemicals, Bank of Baroda, Jain Irrigation, Wockhardt Ltd, Reliance Defence and Engineering, Andrew Yule, Mahindra and Mahindra, Polaris Consulting

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