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Lord Jesus Christ Says...

For what shall it profit a man, if he gain the whole world, and suffer the loss of his soul? Jesus Christ

23 Mar 2016

STOCK MARKET- NIFTY BELOW 7700 SENSEX DOWN 73.55 POINTS.



The market has slipped quickly as the Sensex is down 73.55 points or 0.3 percent at 25211.82. The Nifty is down 26.55 points or 0.3 percent at 7677.70.
About 668 shares have advanced, 475 shares declined, and 67 shares are unchanged. BHEL, Lupin, Sun Pharma, Tata Steel and M&M are top gainers while Adani Ports, HDFC, Infosys, Wipro and Hero MotoCorp.
After a spectacular rally, the market has opened flat on Tuesday. The Sensex is up 1.14 points at 25286.51, and the Nifty is down 1.85 points at 7702.40. About 348 shares have advanced, 115 shares declined, and 32 shares are unchanged.
BHEL, Axis Bank, L&T, Cipla and NTPC are top gainers while Hero, Adani Ports, HDFC, ITC and Infosys are losers in the Sensex. The Indian rupee opened marginally lower at 66.58 per dollar against previous close of 66.53.
Ashutosh Raina of HDFC Bank said, "The improved risk sentiment and pick up in portfolio flows has helped the USD-INR pair to settle near 66.50/dollar level, and lot of support has been seen around this level."
"We expect the pair to appreciate gradually from this level and trade near 66-66.70/dollar level in near term with next big supports at 66.20/dollar and 65.80/dollar," he added. The dollar gained, as investors shook off dovish statements from the Federal Reserve.
Meanwhile, Asian stocks wobbled as hawkish comments from US Federal Reserve officials stoked uncertainty about policy makers' intentions less than a week after Fed Chair Janet Yellen had set out a more cautious path to rate increases in 2016. The dollar got a mild boost from the suggestion that US monetary policy could be tightened sooner rather than later.
 

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