Today Stock Market Predictions and Analysis by Market Magnify


Posted June 8, 2015 by vivekhello4

The Indian rupee slipped in the early trade Monday. It has opened lower by 30 paise at 64.05 per dollar against 63.75 in Friday’s session.

 
GLOBAL MARKETS ROUNDUP
An index of Asian shares slipped on Monday, while the dollar stuck close to a 13-year high against the yen hit after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early as September.

The S&P BSE Sensex fell over 150 points in intraday trade after opening flat. The broader 50-share Nifty also fell over 50 points and was trading below its crucial psychological level of 8,100.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 26,768.49 (down 0.17 pct)
• NSE index 8,114.70 (down 0.20 pct)
• Rupee 63.75/76 per dollar (64.00/01)
• 10-year bond yield 7.98 pct (8.01 pct)
• New 10-yr bond yield 7.79 pct (7.80 pct)
• 5-year OIS rate 7.28 pct (7.31 pct)
• 1-year OIS rate 7.56 pct (7.57 pct)
• Call money 8.00/8.05 pct (7.25/7.30 pct)

LOCAL BUSINESS HIGHLIGHT
Nestle India Ltd: Swiss multinational Nestle India's decision to withdraw Maggi from the Indian market, following the lead/monosodium glutamate (MSG) controversy, could shave off around Rs 160 crore from its June quarter turnover.

YES Bank Ltd: The private sector lender, on Sunday said it will raise $1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.

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Last Updated June 8, 2015