Stock Market Best Recommendation by Marketmagnify


Posted January 19, 2015 by vivekhello4

The Indian rupee continued its upward momentum on Monday as it opened higher by 23 paise at 61.64 per dollar versus 61.87 Friday.

 
The market has started the week with a bang. The Sensex is up 174.17 points or 0.6 percent at 28296.06 and the Nifty is up 36.25 points or 0.4 percent at 8550.05. About 522 shares have advanced, 133 shares declined, and 230 shares are unchanged.

Mahindra & Mahindra Financial Services Ltd slipped as much as 8.3 percent in trade on Monday after its consolidated net profit for the quarter ended December 2014, slipped 13.7 per cent to Rs 157 crore, weighed down by higher loan provisions and write offs.

LOCAL MARKETS UPDATES
• The benchmark BSE index up 0.6 percent and the broader.
• NSE index gains 0.51 percent as sentiment continues to remain positive.
• Central bank surprise rate cut on Thursday.
• Wipro Ltd rises after reporting better-than-expected growth.
• India's Unichem Laboratories falls as much as 8.9 pct.
• Pharmaceutical Drug Company reports 97 pct.

COMMODITY MARKET
Gold marked one of its best weekly performance in more than 1 and ½ years jumping around 5% at the Comex markets as safe haven buying emerged post surprising move by Swiss Central Bank whereas falling equities and subdued economic data too supported the yellow metal.

Silver futures for March expiry contract too advanced during the week with overall performance remaining in line with movement in the big brother Gold.

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Issued By Market Magnify
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Tags bullion market tips , equity market tips , stock cash trading tips
Last Updated January 19, 2015