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- SELL 8KMILES ABOVE 1890 TG-1878-1863 SL 1916.8
Todays Market:-
The market started week on a positive note tracking
global cues. The Sensex rose 108.70 points to 25746.81 and the Nifty climbed
34.65 points to 7816.55.
The Indian rupee has opened flat at 66.70 a dollar on Monday against Friday's closing value.
The Indian rupee has opened flat at 66.70 a dollar on Monday against Friday's closing value.
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Weekly Indian Market
Overview:-
- Indian markets edged down. Sensex & Nifty down by 1.88% and 2.02%
- Wall Street ended flat. USD nonfarm payrolls (Nov) came 211k.
- Asia-Pacific markets closed mixed. INR GDP stood at (Q-Q) 7.40% to 7.00%.
Indian indices
moved in minor bearish trend during the week on the back of weak global
sentiments. Stocks on Wall Street rallied on Friday after strong jobs data made
it almost certain the Federal Reserve would raise interest rates in two weeks.
US stocks jumped more than 2%, with the Dow industrials and the S&P 500
posting their biggest gains in three months. All 10 major S&P 500 sectors
climbed except the energy index, which fell after the OPEC failed to cap
near-record output.
Indian indices performed under pressure. Nikkei
Purchasing Managers Index (PMI) fell to 50.1 point in Nov. from 53.2 in Oct.
The Nov. reading is close to 50 points, which represent flat activities in the
sector. Beside, services companies’ confidence in terms of outlook for the next
12 months dropped to the lowest level in 10 year owing to difficult economic
condition and weak demand. FIIs pulled out Rs. 1745 Cr. From the Indian market
on Friday. Investors from abroad have pulled out Rs. 4100 Cr. During the week.
World markets trend moves mixed during the week. USA,
Asian and Euro markets were consolidate on positive note during the week. DAX
and CAC closed negative by 4.80% and 4.37% each. FTSE100 index went down by
2.15%; S&P 500 closed negative by 1.29%; NASDAQ were up by 0.29%. In Asian
market Nikkei went down by 1.91%. HangSeng went up by 0.76% & KLSE went
down by 0.87%. Jakarta was down.