Wednesday, 28 October 2015

Nifty opens below 8200, Sensex weak; Stock Cash Market Tips

Axis Bank is down 7 percent while Vedanta, ICICI Bank, Lupin and ONGC are major losers in the Sensex. Gainers include GAIL, Maruti, Hindalco, SBI and HDFC.

The market has once again opened in negative terrian dragged majorly by banks. The Sensex is down 137.67 points or 0.5 percent at 27115.77 and the Nifty slips 47.35 points or 0.6 percent at 8185.55. About 286 shares have advanced, 197 shares declined, and 40 shares are unchanged.
The Indian rupee has opened lower. It has slipped 10 paise at 65.07 per dollar versus 64.97 Tuesday.

The S&P 500 closed 0.3 percent lower, weighed by energy stocks amid declines in oil.

Asian markets have opened up mixed this morning on the back of a weak overnight handover. Nikkei though has bounced back on hopes of further stimulus from Bank of Japan as they await the outcome due later this week.

Weakness in crude continues with the Nymex Crude trading at a 2-month lows on the persistent global supply glut ahead of US data expected to show another increase in crude inventories.

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