On Tuesday, the domestic markets opened the session with caution. The pressure of profit booking was seen on the major indices, which led to volatility in the market and the markets that opened faster swinging between green and red marks. Due to the escalation of Asian markets, the Indian market also started trading with firmness. But the rupee weakness in rupee and the rise in crude oil prices have spoiled the mood. China's industrial production has reached the highest level of 7 months. Because of this, the Asian market is strong.
Market eyes are on the two-day monetary policy committee (MPC) meeting of the Reserve Bank of India beginning today. The market expects that the Reserve Bank can cut interest rates. The results of this meeting will be presented on Thursday.
At 9.30 am, the BSE Sensex was 51 points or 0.13 percent higher at 38,923. On the other hand, the Nifty 50 index also saw a slight increase of 9.55 points or 0.08 percent, while trading at 11,665 level.
On Monday, there was strong buying in the American stock exchanges. Dow Jones made a jump of 1.27 percent. While the S & P 500 index increased by 1.16 percent. Nasdaq composites finished the season with a jump of 1.29 percent.
The BSE Midcap and Smallcap Index were also recorded in trading with a little bit faster. Most indexes of BSE appear to be doing business in green mark. Realty, power and utility index registered an increase of up to 1 percent.
Power Grid shares increased 1.79 per cent to Rs 199.10 on the BSE Sensex. Bharti Airtel shares surged by 1.63 per cent to touch Rs 345.80 The shares of Tata Motors, Infosys and ONGC rose 1.54%, 1.16% and 0.76% respectively.
On the other hand, the share of Tata Steel dropped to 1.07 percent to 529 Vedanta shares touched a level of Rs 187.40 with weakness of 0.85 per cent. HCL Technologies, Reliance Inidustries and ICICI Bank's shares broken 0.55 percent, 0.44 percent, and 0.31 percent, respectively.
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| Meeting of the two-day Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) |
Market eyes are on the two-day monetary policy committee (MPC) meeting of the Reserve Bank of India beginning today. The market expects that the Reserve Bank can cut interest rates. The results of this meeting will be presented on Thursday.
At 9.30 am, the BSE Sensex was 51 points or 0.13 percent higher at 38,923. On the other hand, the Nifty 50 index also saw a slight increase of 9.55 points or 0.08 percent, while trading at 11,665 level.
On Monday, there was strong buying in the American stock exchanges. Dow Jones made a jump of 1.27 percent. While the S & P 500 index increased by 1.16 percent. Nasdaq composites finished the season with a jump of 1.29 percent.
The BSE Midcap and Smallcap Index were also recorded in trading with a little bit faster. Most indexes of BSE appear to be doing business in green mark. Realty, power and utility index registered an increase of up to 1 percent.
Power Grid shares increased 1.79 per cent to Rs 199.10 on the BSE Sensex. Bharti Airtel shares surged by 1.63 per cent to touch Rs 345.80 The shares of Tata Motors, Infosys and ONGC rose 1.54%, 1.16% and 0.76% respectively.
On the other hand, the share of Tata Steel dropped to 1.07 percent to 529 Vedanta shares touched a level of Rs 187.40 with weakness of 0.85 per cent. HCL Technologies, Reliance Inidustries and ICICI Bank's shares broken 0.55 percent, 0.44 percent, and 0.31 percent, respectively.
For more information Best Advisory Companyin Indore
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