Today Stock Market opened with strong gains but equity benchmarks are erasing their early gains. Sensex has hiked 68 points to 28312 while Nifty is up 22 points at 8760. BSE SmallCap is trading up 53 points at 13175 and BSE Midcap is trading at 37 points up to 13520 and Nifty Midcap gained 62 points 15913. Currently 1383 shares have been advanced, 952 shares have declined and 97 shares are unchanged.
GAIL, ONGC, Cipla, Tech Mahindra, Sun Pharma are the gainers of NSE yet while Zee Entertainment, Coal India, Bank of Baroda, Larsen and IndusInd Bank are losing sheen on NSE.
Asian Market Updates: Nikkei is up 95 points at 16694, Hang Seng is just 20 points up at 23604 and Shanghai Composite with minor hike of 7 points trading at 3005.
Indian Share Market Views are liable to witness a subdued beginning on Tuesday in front of the Reserve Bank of India's policy view late in the day, following a subdued direction across markets in Asia amid concern over the upbeat of German lender Deutsche Bank and renewed interests about the UK's exit from the European Union. downs in the SGX Nifty Index Futures for October delivery which were trade at 8,783.50, fall by 4.5 points at 10:38 AM Singapore time, signal that the Sensex may open down today. At the same time, caution in front of Tuesday’s keenly expected RBI monetary policy revaluation which would be the first one for fresh governor Urjit Patel may also weigh on the Sensex. investors are hoping that the recently constituted Monetary Policy Committee (MPC) headed by Patel may reduce interest rates by 25 bps amid the recent depression in consumer inflation.Lowest Brokerage trading firm recommended " Coal India is a sell with a stop loss of Rs 326 and target of Rs 308. Carborundum Universal is a buy with a stop loss of Rs 290 and target of Rs 306."
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