Niftyoutlook : Nifty Futures Tips & Updates For 6 July, 2015.


Posted July 6, 2015 by praneetchawla

Dr Reddy's Labs, Cipla and M&M are top most gainers while SBI, ICICI Bank, Vedanta, Tata Steel & Hindalco are still down around 2 %. ICICI Bank SBI & Axis Bank are other laggards in the Sensex. 1 % rise for Kotak Mahindra

 
Nifty Futures Tips : Nifty Futures is defined as, a kind of contract or an agreement between two parties related to sale & purchase of shares of a company or organization in future time. The National Stock Exchange is the negotiator in the "Nifty futures contract".

Nifty Futures Tips & Live Nifty Index - Market regains a bit. The Nifty-50 reclaims 8400 but still struggling in red. TheNifty-50 index goes downwards 50.60 pts or 0.6% at 8434.30. The Sensex also down by159.73 pts or 0.6 % at 27933.06. Dr Reddy's Labs, Cipla and M&M are top most gainers while SBI, ICICI Bank, Vedanta, Tata Steel & Hindalco are still down around 2 %.As Greece enters uncharted territory after referendum 'no' vote last night so, Indian market opened with some sharp losses.

The Sensex is down 287.36 pts or 1 % at 27805.43 & the Nifty is down 98.75 pts or 1 percent at 8386.15. Around to be 170 shares have advanced, 532 shares decreased while 64 shares are unchanged. Metal stocks are reeling under pressure with losers like Tata Steel and Hindalco. ICICI Bank SBI & Axis Bank are other laggards in the Sensex. 1 % rise for Kotak Mahindra. The INR (Indian rupee) goes down in the early trade. It is low-down by 18 paise & opens at 63.62 perdollar as compared to Friday's closing value of 63.44 a dollar.

Agam Gupta The Market Expert said that, Greece 'No' vote will keep the risk appetite low for some time & stock market players will look to cut down risk positions. The USD-INR is predicted to trade in a range of 63.50-63.80/dollar today. Investors would be keenly watching monsoon & earnings season while 8200 is now a firm bottom for Nifty.

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Last Updated July 6, 2015