4 February 2015

Today Indian Stock Market Tips ; Sensex, Nifty open firm

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The Indian Stock market has opened firmed with support from oil & metal stocks. The Sensex is up 107.73 points at 29107.87 and the Nifty is up 32.30 points at 8788.85. About 492 shares have advanced, 101 shares declined, and 137 shares are unchanged. ONGC, Tata Power, Cipla, Axis Bank and SBI are top gainers while Hero, ICICI Bank, NTPC, HDFC Bank and Coal India are major losers in the Sensex.
The Indian rupee opened flat at 61.66 per dollar against 61.67 Tuesday. The dollar nurses broad losses, having suffered its biggest one-day fall in over a year as investors cut long positions. The market instead snapped up commodity currencies on a further recovery in oil prices and a surge in copper.
Global intraday markets are positive with the US markets rallying more than a percent boosted by a surge in oil prices and alleviation of concerns in the euro zone. European markets too gained with the Greek market trading up 11 percent.
Asian Intraday markets are in the green with the positive handover. In other asset classes, nymex crude surged 7 percent to USD 53 dollars per barrel, brent crude surged to USD 57.Gold struggled around USD 1260 per ounce as Greece’s plan to end a standoff with creditors lifted the appetite for risky assets such as equities.

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