Tuesday 28 June 2016

Live Stock Market Updates - Nifty Trades Above 8,100 Mark

Posted by suhani varma on Tuesday, June 28, 2016 with No comments

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The S&P BSE Sensex is trading at 26,463 up 61 points, while NSE Nifty is trading at 8,115 up 21 points. The BSE Mid-cap Index is trading up 0.43% at 11,453, whereas BSE Small-cap Index is trading up 0.62% at 11,451.

The Indian rupee opened higher by 18 paise at 67.77/$ against US Dollar on Tuesday as against the previous close of 67.95/$. Asian markets opened lower on Tuesday, extending the global market sell-off in the wake of the UK vote to leave the European Union. Currently, Hang Seng and Nikkei 225 are trading in red. Shanghai Composite slipped 0.4%.

NSE will file documents in January for an initial public offering (IPO) that would give an exit opportunity to its institutional investors. Standard & Poor’s downgraded UK credit rating on Monday from AAA to AA and warned it could cut it further, according to reports. Britons voted to leave the European Union last week.

US and European stocks closed lower, while the pound fell to a three-decade low against the dollar. The Dow Jones Industrial Average closed down 1.5% at 17,140.24 points, the S&P 500 index closed down 1.81% at 2,000.54 points and the Nasdaq Composite finished down 2.41% at 4,594.44 points.

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