Indian Stock Market Trends and Recommendation


Posted April 20, 2015 by vivekhello4

he Indian rupee slipped in the early trade on Monday. It has opened lower by 18 paise at 62.54 per dollar versus 62.36 Friday.

 
GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex plunged as much as 181 points in trade on Monday after starting on a strong note, led by losses in Infosys, TCS, RILBSE -0.92 %, Tata Motors and M&M.

quity benchmarks as well as broader markets extended losses in morning trade today, dragged by technology, auto, FMCG and HDFC group stocks. The Sensex fell 129.45 points to 28312.65 and the Nifty declined 43.20 points to 8562.80.

LOCAL MARKETS PREVIOUS CLOSE
• BSE share index down 0.48 percent.
• NSE index falls 0.53 percent.
• Benchmark 10-year bond yield unchanged at 7.79 percent
• India's one-day cash rate at 7.65/7.70 percent.
• Shares in LIC Housing Finance gain 2.2 pct.
• Infosys (down 1 per cent), TCS (down 0.98 per cent).
• Sun Pharma (up 0.84 per cent).
• Axis Bank (up 0.60 per cent)

OVERNIGHT NEWS
Reliance Industries Ltd: RIL posted a record net income of Rs 6,381 crore in the March quarter, driven by robust refining margins, reestablishing itself as the country's most profitable company.

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Last Updated April 20, 2015