Monday, 4 August 2014

update

     After making a smart recovery, the market has opened on a flat note. The Sensex is up 94.68 points at 25817.84 and the Nifty is up 23.00 points at 7706.65. About 447 shares have advanced, 96 shares declined, and 24 shares are unchanged.
     All eyes will be on the credit policy today. Tata Steel, ITC, Tata Power, Tata Motors and HDFC Bank are top gainers in the Sensex. Among the laggards re HDFC and NTPC. 
     The Indian rupee opened flat at 60.94 per dollar versus 60.93 Monday. The dollar is stuck below a ten and a half month peak against a basket of major currencies. The dollar index stood at 81.32 levels.

     Recovering from four-month lows, the Indian rupee yesterday rose 25 paise in its biggest gain in three weeks to end at 60.93 against the greenback as shares soared ahead of the RBI policy meet and exporters offloaded dollars.


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