Stock Market Updates and Trading Advice


Posted September 5, 2014 by vivekhello4

The rupee was trading at 60.43/44 versus its previous close of 60.3550/3650. The index of the dollar against six major currencies was trading up 0.05 per cent.

 
GLOBAL MARKETS ROUNDUP
The euro was deep under water on Friday having suffered its steepest daily fall in three years after the European Central Bank stunned markets by cutting interest rates and embarking on a trillion-euro asset-buying binge.

BSE Sensex and Nifty moved higher today on gains in IT bluechips like Infosys and TCS. A flurry of data released yesterday indicated the US economy was steadily improving.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,085.93 (down 0.2 pct)
• NSE index 8,095.95 (down 0.23 pct)
• Rupee 60.3550/3650 per dlr (60.4850/4950)
• 10-year bond yield 8.52 pct (8.52 pct)
• 5-year OIS rate 8.02 pct (8.00 pct)
• 1-year OIS rate 8.45 pct (8.45 pct)
• Call money 7.00/7.10 pct (7.50/7.60 pct)

COMMODITY MARKET
Gold headed for a weekly loss after sinking to a 12-week low as the dollar strengthened before data that may back the case for higher U.S. borrowing costs at a time when the European Central Bank is boosting stimulus.

Crude oil futures traded lower on Thursday after a surprise rate cut from the European Central Bank boosted the dollar and hit commodities priced in the U.S. currency.

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Last Updated September 5, 2014