Daily Stock Market Recommendation and Overview


Posted November 23, 2015 by vivekhello4

The Indian rupee has opened with a marginal gain of 3 paise at 66.15 per dollar on Monday versus 66.18 Friday but it could not sustain early gains.

 
GLOBAL MARKETS ROUNDUP
The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the U.S. dollar, while activity in Asian shares was crimped by a holiday in Japan.

The 30-share index was trading at 25,856, down 12 points or 0.05 per cent. It touched a high of 25,958.04 and a low of 25,846.73 in morning trade. The Nifty50 was at 7,853, down 3.1 points or 0.04 per cent. It touched a high of 7,872.25 and a low of 7,850.85 in the first 30 minutes of trade. The S&P BSE Midcap Index was up 0.37 per cent and BSE S&P Smallcap Index was trading 0.51 per cent higher.

INDIAN MARKETS PREVIOUS CLOSE
• BSE index 25,868.49 (up 0.10 pct)
• NSE index 7,856.55 (up 0.18 pct)
• Rupee 66.18/19 per dollar (66.1750/1850)
• 10-year bond yield 7.70 pct (7.67 pct)
• 5-year OIS rate 6.92 pct (6.89 pct)
• 1-year OIS rate 7.08 pct (7.07 pct)
• Call money 6.25/6.30 pct (5.75/5.80 pct)

Tata Motors Ltd: Tata Motors-owned Jaguar Land Rover (JLR) is aiming to increase its India presence with more locally-built models as well as the introduction of the entry level XE to challenge the grip of Mercedes Benz, Audi and BMW on the country's luxury car market. JLR wants to double its India market share to over 20 per cent in three years, ET reported.

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Last Updated November 23, 2015