Saturday, 29 October 2016

Opening Bell - Sensex, Nifty flat in early trade

The S&P BSE Sensex is trading at 27,983 up 67 points, while NSE Nifty is trading at 8,625 up 10 points.

Share Market Services | Muhurat Trading



The S&P BSE Sensex is trading at 27,983 up 67 points, while NSE Nifty is trading at 8,625 up 10 points.

The rupee opened lower by three paise at 66.89/$ as against the previous close of 66.86/$.

Commodity market tips

Asian markets opened flat as caution prevailed with US 10 year bond yields hitting 1.82% or a new 6 month high. The same also saw rise in yields for the UK 10 year benchmark which spiked to its highest level of the year.

The same saw US indices trade in a tight range & close with marginal losses, despite better than expected results from the 'big blue' IBM which beat market expectations.

The cabinet has given in-principle approval to strategic stake sales in some state-owned companies on the recommendations of government think-tank NITI Aayog.

With a new series today & the festive 'Diwali' muhurat session on Sunday expect range bound trade prevailing today with stock/sector specific action. Earnings from a host of corporates will keep participants busy as results flow out in full fervor. 




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