Rupee trades 61 paise lower at 71.41 per dollar

Indian rupee is trading lower by 61 paise at 71.41 per dollar against previous close 70.80.

The dollar-rupee December contract on the NSE was at 70.90 in the previous session. December contract open interest increased 0.42% in the previous session, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise down sides in the pair to initiate long positions, it added.

Source:https://www.moneycontrol.com/news/business/markets/rupee-trades-52-paise-lower-at-71-32-per-dollar-3269761.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX Support & Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex falls nearly 600 pts, Nifty ends 1.7% lower; 5 factors that dragged the market

After rallying for six consecutive sessions, benchmark indices on Thursday corrected for the third straight session as traders turned cautious in the run-up to the announcement of five state elections' results next week.

The outcomes of these elections is what the market is predominantly keeping an eye out for. The other factors that will influence sentiment would be the outcomes of the OPEC meet later in the day and US Federal Reserve policy meeting next week. The RBI's Monetary Poliy Review was along expected lines.

"Of the three key events in December, the trade truce between US-China and RBI monetary policy has played out without any damage. The OPEC meeting today and outcome of the state elections are key events ahead that could lead to some short term volatility," said Gaurav Dua, Head of Research, Sharekhan by BNP Paribas. "We remain buyers on dips in equities."

The Sensex closed down 572.28 points or 1.59 percent at 35,312.13 and the Nifty plunged 181.70 points or 1.69 percent to 10,601.20.

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Source:https://www.moneycontrol.com/news/business/markets/5-factors-that-dragged-sensex-down-over-550-points-nifty-to-10600-today-3259441.html 

Investors lose Rs 2.28 lakh crore as Sensex, Nifty nosedive

Majority of the stocks declined on December 6 as Indian benchmark indices tanked. Nifty closed 181 points lower at 10,601 and the Sensex plunged 572 points ending the day at 35,312.

The total market capitalisation of BSE listed companies stood at over Rs 142 lakh crore on December 5 which came down to a litle below 140 lakh crore on December 6 resulting in a loss of Rs 2.28 lakh crore.

Uncertainty of trade relations between the US and China and weakness in the rupee which crossed the 71/$ mark once gain along with state election results which is due next week have added to weak investor sentiment.


The realty and IT index were the biggest losers that shed over 2 percent. Realty was dragged by DLF and Unitech which had market capitalisation of Rs 30,059.48 crore and Rs 583.44 crore, respectively.

Also, in the IT space, Aptech was quoting at Rs 166.25, down Rs 9.00, or 5.14 percent with market capitalisation at Rs 663.23 crore. Infibeam Avenues was quoting at Rs 45.20, down Rs 2.10, or 4.44 percent. The market cap of Infibeam stood at Rs 2,998.53 crore.

At the BSE, 1,809 stocks declined, while 740 advanced and 148 remained unchanged at the end of regular market hours. As many as 195 stocks hit their respective 52-week lows.

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Source:https://www.moneycontrol.com/news/business/markets/investors-lose-rs-2-28-lakh-crore-as-sensex-falls-nearly-600-points-3260571.html

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex, Nifty crack amid sell-off in Asian markets, rupee back at 71/$

Market opens: It is a weak start for the market on Thursday as Nifty slipped below 10,750 level.

At 09:17 hrs IST, the Sensex is down 199.23 points at 35,685.18, while Nifty down 64.60 points at 10,718.30. About 183 shares have advanced, 538 shares declined, and 27 shares are unchanged. 

OMC stocks are trading weak, JSW Steel, Yes Bank, Cipla, DLF, PFC, HDFC, IndusInd Bank are among other losers. Infosys, REC, Jet Airways and Sun Pharma are trading higher.

Rupee Opens: The Indian rupee opened lower by 33 paise at 70.79 per dollar on Thursday versus previous close 70.46.

Source:https://www.moneycontrol.com/news/business/markets/stock-share-market-live-updates-bse-nse-sensex-nifty-crack-amid-sell-off-in-asian-markets-rupee-back-at-71-3258261.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Closing Bell: Sensex, Nifty lower for second straight session as RBI keeps rates unchanged

Market at Close It’s a negative close for the market for second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee (MPC) kept interest rates unchanged, but sharply cut the inflation targets for October-March. 

However, equity benchmarks are off their low points as the Sensex had cracked over 300 points, while the Nifty tested 10,750-mark. 

Selling was visible across all major sectors, with automobiles, banks, consumption, infrastructure, metals and pharma ending in the red. The Nifty Midcap was down over a percent. 

At the close of market hours, the Sensex was down 249.90 points or 0.69% at 35884.41, while the Nifty was lower by 80.20 points or 0.74% at 10789.30. The market breadth was negative as 799 shares advanced, against a decline of 1,744 shares, while 145 shares were unchanged.

HUL and HDFC were the top gainers, while Sun Pharma, Tata Steel, and Hindalco lost the most. 

SOurce:https://www.moneycontrol.com/news/business/markets/stock-market-updates-bse-nse-closing-bell-sensex-nifty-lower-for-second-straight-session-as-rbi-keeps-rates-unchanged-3253641.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111