Tuesday, January 7, 2020

Stock Market News Updates & Opening Bell for 07-Jan-2020


Sensex up 450 pts, Nifty above 12,100; banks, financials top support

Among the sectors, bank, finance, realty and metal are up nearly 2 percent each. Teck and IT are in the red due to rupee's rise against the dollar.


Market update: The Indian market registered a strong opening today in the light of positive global cues. An ebb in global crude oil prices and rupee's rise against the US dollar also influenced the mood. Bank, financials were among the top support for the market benchmarks

Nifty likely to reclaim 12,000-level; GSPL, NIIT Tech top buys.Trends on SGX Nifty indicate a positive opening for the index, with a 68 points gain

Rupee Update: The Indian rupee rebounded on January 7, opening higher by 17 paise following recovery in the crude oil prices and positive trend in equity markets.The rupee started off trade at 71.76 against the US dollar, versus Monday's close of 71.93 a dollar.

Stocks in the news: HDFC Bank, PI Industries, Mishra Dhatu, Sagar Cements, Avenue Supermarts


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