Monday, 28 November 2016

Dollar Advisory Update Of 28 Nov 2016 : SBI Tanks 5%, Auto & Oil Stocks Lead

The market has recovered from early weakness but the Nifty is almost nearing 8150. The 50-share index is up 6.80 points at 8121.10 and the Sensex is up 21.34 points at 26337.68. About 1457 shares have advanced, 652 shares declined, and 112 shares are unchanged. Bharti Airtel, Cipla, Hero MotoCorp, BHEL and Bajaj Auto are top gainers while ICICI Bank, Wipro, TCS and Axis Bank are losers in the Sensex. SBI is down 5 percent intraday on Monday after RBI increased cash reserve ratio. India is proving to be immune from the heavy selling in global emerging market debt, as Prime Minister Narendra Modi's clampdown on undeclared cash has sparked expectations of a rate cut and pushed issuers to take advantage of low yields. Indian Railways Finance Corporation, NTPC, Vedanta Resources, Exim India and Axis Bank all rushed to print rupee notes last week to access cheaper funding.

For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com

No comments:

Post a Comment