The Indian rupee opened at two-week high in early trade
on Friday after the US Federal Reserve kept policy rates unchanged on September
17. We see the range for the USD-INR between 66-67/dollar.
Intraday Stock
Cash Tips
- BUY LAMBODHARA(LCP-879.5) ABOVE 883 TG-890-897
- BUY ADVANTA (LCP 538.75) ABOVE 541TG-546-552
- BUY TATA ELEXI (LCP-1861.6) ABOVE 1865 TG-1875-1885
- BUY WOCKHARDT (LCP 1408) ABOVE 1411 TG-1418-1428
Market Updates
The Indian stock market is sharply higher this morning,
with investors indulging in some hectic buying almost across the board, buoyed
by the U.S. Federal Reserve's decision to hold interest rate rates steady even
as it suggested a modest policy tightening later this year.
The shares are being offered in an indicative range of
324.50 rupees to 338.05 rupees each, with the deal worth up to 12.5 billion
Indian rupees, the terms showed.
The lowest price in the range represents a discount of up to 4 percent to their Sept. 16 close of 338.05 rupees.
The lowest price in the range represents a discount of up to 4 percent to their Sept. 16 close of 338.05 rupees.
- Indian mkts ended updside. Nifty up by 0.87% and Sensex up by 1.00%
- Asia Pacific market mixed. Nikkei up by 0.80% & Jakarta down by 0.34%.
- Wall St. Flat. USD Core Retail Sales down to 0.1%. Dow fut up by 267 pts.
Indian indices were volatile and closed on positive note.
On sectorial front Energy, FMCG and IT sectors were up while Realty sector
traded downside with 0.27%. Sensex was up by 258 points at 25963 & Nifty
future up by 67 points to settle at 7896 level. European markets traded mixed.
The BSE benchmark Sensex is up 350 points or 1.35% at
26,313.97, while the Nifty index of the National Stock Exchange is up 103.35
points or 1.3% at 8002.50.
For live market updates on Indian Stock Market visit www.capitalheight.com/stock-tips.php or
call at 0731-6615050
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