Current Stock Market Trends Better Investment Tips News by CapitalHeight

TODAY INDIAN MARKET OVERVIEW:- 

·         It was a day of consolidation on Dalal Street with the benchmark indices closing flat for a third consecutive day. Nifty future down by 0 point at 7911 in Indian stock market. 

·         The BSE Sensex was down 42 points and closed at 25838. Market breath was weak as about 1251 shares advance while 1312 shares declined. 

·         HDFC Bank has reported good January-March quarter results with net interest income (NII) growth surprise on higher side. The private lender's net profit rose 20.2 percent at Rs 3374.2 crore in fourth quarter of FY16 compared to Rs 2806.9 crore in corresponding quarter last fiscal. 

·         Shares of Tata Steel jumped over 2 percent intraday on Friday, extending its rally. Investors are jubilant that the UK government is willing to acquire 25 percent stake in Tata Steel's UK operations to help potential buyers eyeing ownership of the Indian steel giant's loss-making plants. 

Latest Indian Equity Market Updates: -

The Indian stock market is continuously falling as the Nifty is below 7850. The 50-share is down 55.65 points or 0.7 percent at 7843.65 and the Sensex is down 196.38 points or 0.8 percent at 25641.76. About 959 shares have advanced, 1455 shares declined, and 138 shares are unchanged.

Bharti Airtel, Bajaj Auto, TCS, Adani Ports and ICICI Bank are top gainers while Hindalco, NTPC, BHEL, Reliance and Maruti are losers in the Sensex. Gold prices were up by Rs 89 to Rs 29,110 per 10 grams in futures trade as speculators created positions amid positive cues from the global market.

The Indian equity market breadth was negative as about 873 shares advanced against 1376 declining shares on Bombay Stock Exchange. Hindalco and NTPC topped selling list on Sensex, down more than 3 percent. Asia markets lost ground across the board, with many traders likely taking to the sidelines ahead of several central bank decisions this week.

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