Monday 4 July 2016


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The S&P BSE Sensex is trading at 27,321 up 176 points, while NSE Nifty is trading at 8,340 up 52 points. The BSE Mid-cap Index is trading up 0.76% at 11,947 whereas BSE Small-cap Index is trading up 0.76% at 11,991. Asian market​s​ are trading higher. Nikkei 225 gained 0.44%. Hang Seng ​and Shanghai Composite jumped 1% each.

On Friday, the US markets closed slightly higher. S&P 500 was up 0.19% to 2,102 points. US stock exchanges will be closed on Monday for the Independence Day holiday. On the economy front, RBI Governor Raghuram Rajan reportedly said it is wrong on their part also to always claim a ‘bazooka’ left up their sleeves, even as he asserted that life is “very difficult” in emerging markets.In a panel discussion on lessons learnt by the central bankers from the global financial crisis, Rajan also took on the industrial nations for expecting the emerging markets to be “orthodox” in their monetary and economic policies.

About six of the top 10 companies companies rose by Rs.37,692.44 crore to their market valuation. RIL, HDFC Bank, HDFC, HUL, ONGC and Sun Pharma saw increase in their market valuation, while TCS, Infosys and Coal India suffered with losses. In the ranking of domestic m-cap chart, TCS stood at number one position followed by RIL, HDFC Bank, Infosys, ITC, HDFC, CIL, HUL, ONGC and Sun Pharma.

India's foreign exchange reserves fell $3 billion to $360.7 billion in the week ended June 24, according to RBI data.According to the bulletin, the country’s gold reserves remained unchanged at $20.329 billion while its special drawing rights (SDR) went down by $13.4 million to $1.49 billion.

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