Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls, Friday 04 Nov 2016, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 04 Nov 2016 :-
--------------------------------------------------------------------------------------------------------------------------------------------------------
The Indian stock market declined for the third consecutive session after a weak opening in European equities increased anxiety among investors ahead of next week’s U.S. presidential elections. Both the indices ended the truncated week down 2.5%. It is their biggest weekly decline since October 2. Also, sharp decline in Midcap and Smallcap pack completely unsettled the participants and pushed them on the back foot.
The BSE Sensex ended with a loss of 156 points at 27,274. The BSE Sensex opened at 27,466 touched an intra-day high of 27,499 and low of 27,194. The NSE Nifty closed with a loss of 51 points at 8,434. The NSE Nifty opened at 8,503.60 hitting a high of 8,504 and low of 8,400.
The stock market fluctuated between gains and losses as a sell-off among drug makers was countered by a rally among FMCG companies. Traders were unable to find any comfort with reports that in a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year, the government has finalized four-tier GST tax structure of 5%, 12%, 18% and 28% that aims to lower tax incidence on most goods and keep out essential items.
On the economy front, Chief Economic Advisor Arvind Subramanian has said that the GST Council’s decision to peg the tax rate on items of mass consumption at 5% will bring down prices and soften inflation.
Today’s decline was led by the pharma, metal, realty, capital goods, consumer durables, banking, auto and telecom stocks, while FMCG, IT and technology stocks were among the gainers on the BSE.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment