Friday 2 December 2016

Opening Bell - Sensex Slips Over 100 Points Realty, Banking Stocks Drag

Posted by suhani varma on Friday, December 02, 2016 with No comments

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 02 Dec 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 02 Dec 2016 :-
--------------------------------------------------------------------------------------------------------------------------------------------------------

The S&P BSE Sensex is trading at 26,642, down 138 points, while NSE Nifty is trading at 8,146 down 47 points. The Indian rupee opened higher by 7 paise at 68.28/$ against the previous close of 68.34/$. Asian markets were trading in the red on opening bell as despite overnight gains in the Dow Jones the sharp volatility in the US $ combined with crude trading over $50 weakened sentiment.

US indices closed mixed with Dow hitting a new high and Nasdaq falling due to deep cuts in semiconductor and biotechnology shares. Uncertainty in EMs is likely to continue in the near term given the possible Fed rate hike anticipated this month. The Indian market's focus will be on the RBI move next week where a rate cut is on the anvil given the slowdown in the economy. The Italian referendum on Sunday will keep global markets anxious.

The Indian equity market was one of the worst performing ones among the emerging markets in November shedding 4.6pc in a month, which saw a sudden demonetisation move of high value currency.

The first impact numbers were reflected in Nikkei India Manufacturing Purchasing Managers' Index (PMI), which dropped to 52.3 in Nov from a 22-month high of 54.4 in Oct. Shortages of currency notes hampered growth of new work, buying activity and production. Auto numbers were a mixed bag with Maruti Suzuki and Toyota clocking double digit growth, while Mahindra’s sales saw a drop.

Gold prices also hit near 6 month lows as asset class rotation after the Trump victory has seen the highest volatiltiy in the last decade.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

0 comments:

Post a Comment