Tips for Getting Higher Returns from Stock Market


Posted May 4, 2016 by vivekhello4

The Indian rupee slipped in the early trade. It has opened lower by 21 paise at 66.63 per dollar versus 66.42 Tuesday.

 
GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex opened with losses on Wednesday, slipping over 100 points as negative cues from other Asian markets and Wall Street overnight weighed on investors' sentiments. The losses on the index were led by ICICI Bank, Tata Motors, Adani Ports, TCS and L&T. India's United Spirits gains as much as 8.32 pct. Diageo Plc may raise stake in the liquor maker to 72 pct from 54.78 pct, reports CNBC TV 18, citing unidentified sources. Adds Diageo exploring various options, including open market transactions.BSE stock exchange says seeks clarification from United Spirits on the TV report

Indian ADRs News
• Indian ADRs ended lower on Tuesday.
• In the banking space, ICICI Bank declined 4.57 percent at USD 6.47.
• HDFC Bank fell 0.63 percent at USD 62.67.
• In the IT space, Infosys shed 1.49 percent at USD 18.51.
• Wipro was down 1.33 percent at USD 11.89.
• In the other sectors, Tata Motors slipped 1.31 percent at USD 30.10.
• Dr Reddy’s Laboratories was down 0.40 percent at USD 44.71.

The market has opened lower Wednesday. The Sensex is down 30.28 points or 0.1 percent at 25199.42, and the Nifty down 22.85 points or 0.3 percent at 7724.15. About 208 shares have advanced, 229 shares declined, and 36 shares are unchanged. NTPC, HDFC Bank, Infosys, Bajaj Auto and ITC are gainers while Adani Ports, Hindalco, ICICI Bank, Tata Motors and Tata Steel are losers in the Sensex. The Indian rupee slipped in the early trade. It has opened lower by 21 paise at 66.63 per dollar versus 66.42 Tuesday. The dollar rebounded, with Federal Reserve Bank of Atlanta chief Dennis Lockhart bringing the prospect of a June rate hike back into play. Yen holds around 106.

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Last Updated May 4, 2016