Market Watch

Friday 18 July 2014

Live Stock Market Updates: Sensex, Nifty in red on Geo-Political Crisis

Shares in Tata Consultancy Services, India's biggest software services exporter, rose 2.9 percent in pre-open trading after its April-June profit and sequential U.S. dollar revenue growth of 5.5 percent beat estimates.
Shares of Indian non-banking financial companies, which take gold as collateral, surge after the central bank issued draft guidelines for those seeking a licence to set up a payments banks or a small bank. 
The S&P BSE Sensex started on a cautious note on Friday tracking Asian markets which were trading lower on news of a downed Malaysian Airlines jet at the Ukraine-Russia border.
Tracking the momentum, the 50-share Nifty index also came under bit of pressure but was still trading above its crucial psychological level of 7600 levels, supported by gains in IT, pharma and FMCG stocks.
The BSE Sensex was trading 0.09 per cent lower or 23 points at 25,537. It hit a low of 25,505.94 and a high of 25,570.85 in trade today.
The 50-share Nifty index was trading 0.18 per cent lower or 13 points at 7626. It hit a low of 7616.80 and a high of 7633.50 in trade today.

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