Monday, 22 January 2018

Share Market Tips: Market updates Sensex/Nifty Trading News By TradeIndia Research-22-01-2018

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Market Live: Sensex extends rally, Nifty holds 10,900; HDFC twins support


Reliance Industries (up 1.5 percent), ONGC (5 percent) and HDFC (1 percent) were leading gainers.



 The rupee weakened by 10 paise to 63.95 against the US dollar in morning at the interbank foreign exchange on increased demand for the American currency from importers and banks. Forex dealers said the dollar's gains against major world currencies overseas weighed on the rupee sentiment.
However, a record opening in the domestic equity market capped the rupee's losses, they said. On Friday, the rupee had gained two paise to end at 63.84 against the dollar in highly volatile trade despite the outlook for the US currency remaining lacklustre.
Shares of Wipro today slipped more than 3 percent in morning trade on BSE after the third largest IT services firm posted 8.4 percent fall in consolidated net profit for the December quarter. Wipro opened on a weak note at Rs 319.50 and fell further 3.27 per cent to an early low of Rs 317.70 on BSE.
The stock was the second highest loser in percentage terms among Sensex scrips. For the December quarter the company's consolidated net profit fell 8.4 percent to Rs 1,931.3 crore. The company's net profit (attributable to shareholders) stood at Rs 2,109.6 crore in the year-ago period, as per Indian accounting norms (Ind AS). Its revenue from operations was nearly flat at Rs 13,669 crore in the quarter under review.
Benchmark indices extended gains in morning, with the Sensex rising more than 100 points, driven by ONGC, Reliance Industries and HDFC Group stocks. The 30-share BSE Sensex was up 147.64 points at 35,659.22 and the 50-share NSE Nifty gained 24.50 points at 10,919.20. About two shares advanced for every share falling on the BSE.
 Pre-Opening Trade: Apollo Micro Systems has settled at Rs 478 in pre-opening trade, a whopping 73.82 percent premium over issue price of Rs 275 per share on the BSE.

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