After remaining range bound in the morning session, benchmark indices were trading in the red. The Sensex declined 2 points at 29915, while the Nifty jumped up 1 points at 9315. The market breadth was negative as 1,223 shares advanced against a decline of 1,333 shares, while 157 shares were unchanged. Ashutosh Raina of HDFC Bank says the USD-INR pair continued to trade in a narrow range of 64-64.30 against the US dollar, ahead of the FOMC meeting today, as markets will be awaiting the accompanying statements from Fed. He expects the pair to continue trading in the 64.00-64.30 range today also.
Mcx Gold expected higher with the latest Fed view on interest rates awaited by the market, particularly to understand if weaker growth than expected and a slower legislative process on tax cuts and spending plans by the Trump administration has had an impact on forecasts for this year. Crude prices gained in a rebound from a sharp drop of more than 2% overnight after a surprise draw in industry estimates of U.S. inventories, but the market remained cautious ahead of official figures.
Stock Tips By Expert
HDIL
Credit Suisse Singapore sold 0.51 percent stake in HDIL. Credit Suisse Singapore sold 24.3 million shares of HDIL at a price of Rs 90.24 per share.
Dalmiya india
Auction of Kesala-2 limestone block in Chhattisgarh has been completed. Dalmiya India has made maximum bid for Kesala-2 Limestone Block.
Commodity Tips By Expert
Sell Silver Jul in the range of 39100-39030 Targets 38800/38500 Stop loss 39400
Stock Tips By Expert
HDIL
Credit Suisse Singapore sold 0.51 percent stake in HDIL. Credit Suisse Singapore sold 24.3 million shares of HDIL at a price of Rs 90.24 per share.
Dalmiya india
Auction of Kesala-2 limestone block in Chhattisgarh has been completed. Dalmiya India has made maximum bid for Kesala-2 Limestone Block.
Commodity Tips By Expert
Sell Silver Jul in the range of 39100-39030 Targets 38800/38500 Stop loss 39400
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