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Monday, 4 April 2016
Sensex Up over 100 pts
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The market has started off week on a positive note, tracking global cues post US jobs data.
The 30-share BSE Sensex rose 125.18 points to 25394.82 and the 50-share NSE Nifty climbed 38.15 points to 7751.20.
Adani Ports, Tata Motors, BHEL, Dr Reddy's Labs, TCS, Tata Power and Idea Cellular were early gainers while ITC lost 2 percent.
Asia Markets rise; ASX up 0.25%, Nikkei up 0.23% and Kospi Flat
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Asia markets were mostly up on Monday morning, following a higher finish in US equities on Friday on the back of encouraging data on US domestic unemployment and manufacturing.
Australia's ASX 200 was up 0.25 percent, while Japan's Nikkei 225 was up 0.23 percent and the Kospi in South Korea was up 0.05 percent. Friday's US nonfarm payrolls added 215,000 jobs in March, beating expectations for 205,000 jobs.
The US unemployment rate was at 5.0 percent, the first month-over-month increase since May 2015.
Indian ADRs: Tata Motors slips, Dr Reddy's Lab, Infosys up
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Indian ADRs ended mixed on Friday. In the IT space, Infosys was up 0.23 percent at USD 19.25 and Wipro added 0.17 percent at USD 12.75.
In the banking space, ICICI Bank was unchanged at USD 7.16 and HDFC Bank was down 0.10 percent at USD 61.53.
In the other sectors, Tata Motors slipped 0.33 percent at USD 28.72 and Dr Reddy's Laboratories added 0.39 percent at USD 45.58.
Wall Street off to a solid start in April
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Wall Street extended a seven-week rally on Friday after upbeat US jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential US interest rate hikes.
The Labor Department's report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent as more Americans entered the labor force.
Along with another report showing the US manufacturing sector resumed growth in March, the employment data suggested the economy is not growing fast enough to increase concerns about inflation.
Thursday, 31 March 2016
Sensex, Nifty open flat
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The market has opened volatile on Thursday ahead of expiry of Nifty March derivative contracts.
The Sensex rose 21.70 points to 25360.28 while the Nifty fell 7.55 points to 7727.65.
Rupee Opens Higher at 66.35 per Dollar
MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday Market tips , Intraday Stock tips , Intraday Tips, Intraday trading tips on mobile with 90-95% accuracy level.
The Indian rupee has opened marginally higher at 66.35 per dollar on Thursday against previous close of 66.37.
"USD-INR is expected to gradually drift lower on year end remittances and custodial inflows.
USD-INR trading range for today is 66.15-66.45/dollar."
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