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Thursday, 31 March 2016
Wall Street Plows Higher as Anxiety falls to seven-month low
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US stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.
MetLife and other financial stocks led the market higher with Apple and other technology stocks also gaining.
Wednesday, 23 March 2016
JSW Steel good bet, like DLF, Tata Power may hit Rs 65
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"I like the structure of JSW Steel . In fact, I have a very aggressive target in the medium term and the long-term.
That is why I felt it was a safer bet today. I had a choice between Tata Steel and JSW Steel, I preferred JSW Steel.
It can climb closer to levels of Rs 1,255, keep stop loss below Rs 1,205." "I like DLF , I had a choice between DLF and Housing Development and Infrastructure (HDIL).
I just happened to pick up DLF because yesterday, it had some 5 percent upmove. So far looks good to me after a good consolidation. I would have a target between Rs 120 and Rs 125 zones and would have a stop loss around Rs 110," he said.
It can climb closer to levels of Rs 1,255, keep stop loss below Rs 1,205." "I like DLF , I had a choice between DLF and Housing Development and Infrastructure (HDIL). Sensex, Nifty open lower
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 market has opened weak on Wednesday.
The Sensex is down 68.30 points or 0.3 percent at 25262.19 and
the Nifty is down 11.30 points or 0.1 percent at 7703.60.
About 375 shares have advanced, 264 shares declined, and 25 shares are unchanged.
The Sensex is down 68.30 points or 0.3 percent at 25262.19 and Asian Shares consolidate gains as Risk appetite Holds
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.
Asian shares consolidated their gains on Wednesday, shaking off earlier losses following attacks on the airport and a rush-hour metro train in Brussels as investors look to a brightening global economic picture.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent but clung near 3 1/2-month high hit earlier this week while Japan's Nikkei inched up 0.1 percent. Wall Street shares were mixed on Tuesday.
The S&P 500 lost 0.09 percent while the Nasdaq Composite added 0.27 percent.
But emerging markets fared better, with MSCI's emerging market index rising 0.2 percent to four-month high, having gained more than 20 percent from its seven-year trough high in January.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent but clung near 3 1/2-month high hit earlier this week while Japan's Nikkei inched up 0.1 percent. Wall Street shares were mixed on Tuesday. Indian ADRs: Dr Reddy's Lab, HDFC Bank, Infosys down
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.
Indian ADRs ended lower on Tuesday. In the IT space, Infosys was down 0.17 percent at USD 18.51 and Wipro was down 0.05 percent at USD 12.31.
In the banking space, ICICI Bank was down 0.09 percent at USD 6.91 and HDFC Bank shed 0.57 percent at USD 59.06.
In the other sectors, Tata Motors was unchanged at USD 28.08 and Dr Reddy's Laboratories declined 1.62 percent at USD 45.88.
In the banking space, ICICI Bank was down 0.09 percent at USD 6.91 and HDFC Bank shed 0.57 percent at USD 59.06. Rupee opens Marginally lower at 66.75 per Dollar
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The Indian rupee has opened lower by 5 paise at 66.75 per dollar on Wednesday against previous close of 66.71 a dollar.
"With the end of the financial year approaching and a long holiday weekend in India, activity in currency markets is expected to be muted."
"The USD-INR pair is expected to trade in a range of 66.60-66.90/dollar today," he added.
"With the end of the financial year approaching and a long holiday weekend in India, activity in currency markets is expected to be muted."
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