Wednesday 1 June 2016

Morning Session Market Updates by Money Maker Research Pvt. Ltd.

Morning Session Market Updates by Money Maker Research Pvt. Ltd.
Market today started with a low node. Sensex weighted down by losses in Asian Paints, ITC and Bharti Airtel. Sensex is down by 37 points to 26,675. Nifty50 is trading flat went down 14.85 to 8,165 points by the losses in banking, IT, pharma, auto and FMCG stocks. On todays trading session Rupee opened with strength of 3 paise to 67.42 against Dollar while on Wednesday it closed with slump of 19 paise at Rs 67.45 per Dollar amids unconfirmed reports says RBI Governor Raghuram Rajan might not be interested in second term and thinking about it. Declination found in sectors Consumer Durables, FMCG, Healthcare, Capital goods and Small-cap while all other sectors are trading positive. In Asian market, Nikkei joining the list loser with a drop of 292 to 16663 points. Hang Seng is on top trading at 20,795 points. Coal India is a top  gainer yet and ITC trading low becoming the top loser.

Gold rallied with the support of good buying at Rs 28,665 per 10 grams while Silver trading at Rs 38,520 per kg. Crude oil declined by Rs 4 to 3,304 while Natural gas incremented by a tiny amount of 50 paise to Rs 161.
RBI Governor Raghuram Rajan

Read more at: http://www.moneycontrol.com/news/rupee/rupee-falls-sharply-for-3rd-day-to-6745dollar_6797801.html?utm_source=ref_artic

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