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Lord Jesus Christ Says...

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10 Mar 2016

STOCK MARKET- LIVE:SENSEX EDGES LOWER,NIFTY HOLDS 7,500.



9:36 a.m.: Sensex extends losses, falls 71 points to 24,723 and Nifty slips 14 points to 7,518.

9:33 a.m.: Gaurang Shah of Geojit BNP Paribas says that he is positive on FMCG stocks including ITC. He adds IT, pharma and cement stocks are also his preferred picks.

9:28 a.m.: Selling pressure was visible in technology and FMCG stocks. At the same time, select metal, oil & gas, realty and auto stocks were witnessing buying.

From the Nifty-50 basket of shares, 33 were advancing while 17 were gaining.

Cairn India, Vedanta, Hindalco, Tata Motors, Tech Mahindra, Punjab National Bank, Hero MotoCorp and Yes Bank were among the gainers. On the other hand, Infosys, TCS, BHEL, HUL, Bharti Airtel and ITC were among the losers.

The broader markets were witnessing buying interest. The BSE mid-cap and small-cap indices were up 0.6 and 0.44 per cent each.

9:20 a.m.: The Sensex and Nifty edged lower in the opening deals on the back of selling pressure in FMCG and technology stocks.

The Sensex fell as much as 72 points to 24,722 and Nifty declined 13 points to hit low of 7,519.

8:05 a.m.: The Sensex and Nifty are likely to open higher in trades today tracking positive trading of Nifty futures on the Singapore Stock Exchange amid firm global cues.

The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.35 per cent or 26 points at 7,560.

Meanwhile, Asian stocks edged up on Thursday after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European Central Bank later in the day as global policy makers step up efforts to support their wobbly economies.

A rebound in the price of oil, a source of recent anxiety, also calmed investor nerves.

China's Shanghai Composite was down 0.65 per cent. While, Japan's Nikkei advanced 1 per cent and Hong Kong's Hang Seng was up 0.62 per cent.

Overnight, US stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares.

The Dow Jones industrial average rose 36.26 points, or 0.21 per cent, to 17,000.36, the S&P 500 gained 10 points, or 0.51 per cent, to 1,989.26 and the Nasdaq Composite added 25.55 points, or 0.55 per cent, to 4,674.38.

Back home, the foreign institutional investors bought shares worth Rs 462.86 crore while domestic institutional investors sold shares worth Rs 823.56 crore on Wednesday.


9:33 a.m.: Gaurang Shah of Geojit BNP Paribas says that he is positive on FMCG stocks including ITC. He adds IT, pharma and cement stocks are also his preferred picks.
9:28 a.m.: Selling pressure was visible in technology and FMCG stocks. At the same time, select metal, oil & gas, realty and auto stocks were witnessing buying.
From the Nifty-50 basket of shares, 33 were advancing while 17 were gaining.
Cairn India, Vedanta, Hindalco, Tata Motors, Tech Mahindra, Punjab National Bank, Hero MotoCorp and Yes Bank were among the gainers. On the other hand, Infosys, TCS, BHEL, HUL, Bharti Airtel and ITC were among the losers.
The broader markets were witnessing buying interest. The BSE mid-cap and small-cap indices were up 0.6 and 0.44 per cent each.
9:20 a.m.: The Sensex and Nifty edged lower in the opening deals on the back of selling pressure in FMCG and technology stocks.
The Sensex fell as much as 72 points to 24,722 and Nifty declined 13 points to hit low of 7,519.
8:05 a.m.: The Sensex and Nifty are likely to open higher in trades today tracking positive trading of Nifty futures on the Singapore Stock Exchange amid firm global cues.
The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.35 per cent or 26 points at 7,560.
Meanwhile, Asian stocks edged up on Thursday after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European Central Bank later in the day as global policy makers step up efforts to support their wobbly economies.
A rebound in the price of oil, a source of recent anxiety, also calmed investor nerves.
China's Shanghai Composite was down 0.65 per cent. While, Japan's Nikkei advanced 1 per cent and Hong Kong's Hang Seng was up 0.62 per cent.
Overnight, US stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares.
The Dow Jones industrial average rose 36.26 points, or 0.21 per cent, to 17,000.36, the S&P 500 gained 10 points, or 0.51 per cent, to 1,989.26 and the Nasdaq Composite added 25.55 points, or 0.55 per cent, to 4,674.38.
Back home, the foreign institutional investors bought shares worth Rs 462.86 crore while domestic institutional investors sold shares worth Rs 823.56 crore on Wednesday.
 

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