Stock Market Trading News and Strategies


Posted November 2, 2015 by vivekhello4

The Indian rupee slipped in the early trade on Monday. It has opened lower by 12 paise at 65.39 per dollar versus 65.27 Friday.

 
GLOBAL MARKETS ROUNDUP
Asian stocks slid on Monday after soft Chinese factory surveys stoked global growth concerns, while the dollar edged back against the safe-haven yen as risk appetite waned.

The global investment bank remains underweight on India in the regional context, with an end-2015 Sensex target of 25,800, which translates into a downside of over 3 per cent from Friday's close of 26,656.83.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 26,656.83 (down 0.68 pct)
• NSE index 8,065.80 (down 0.57 pct)
• Rupee 65.2650/2750 per dollar (65.29/30)
• 10-year bond yield 7.64 pct (7.63 pct)
• 5-year OIS rate 6.77 pct (6.76 pct)
• 1-year OIS rate 7.04 pct (7.03 pct)
• Call money 7.25/7.30 pct (6.50/6.55 pct)

Reliance Communications Ltd: Anil Ambani-owned Reliance Communications' board will meet Monday for considering merger of Sistema Shyam Teleservices Limited's (SSTL) telecom business into itself, which could well mark the beginning of the first consolidation in the telecom sector since 2009.

Adani Power Ltd: The Company is considering raising funds through issuance of shares on preferential basis to promoters.

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Last Updated November 2, 2015