Financial Market Overview
26th December, 2017
MARKETS AT OPEN:-
- Indian rupee open little changed to a tad higher at 64.03 against the dollar tracking gains in other Asian peers even as investors await further cues amid holiday-thinned trading. Pair USDINR now at 64.03 against 64.05 previous close.
- Pair to tip in range between 63.90-64.10 today.
- The Indian market began the truncated week on a positive note, with the Nifty trading above 10,500-mark.
- The Sensex is up 60.81 points or 0.18% at 34001.11, while the Nifty is up 7.30 points or 0.07% at 10500.30. The market breadth was positive as 596 shares advanced, against a decline of 163 shares, while 81 shares were unchanged.
- TCS, BHEL, Tata Power and GAIL were the top gainers, while Tata Motors DVR, ITC, Infosys and Sun Pharma lost the most.
- Asian markets are higher today . The Hang Seng is up 0.72% . The Shanghai Composite is up 0.11% and ASX200 is trading higher 0.15%.
- Wall Street’s major indexes dipped on Friday. The Dow Jones Industrial Average fell 28.23 points, or 0.11 percent, to 24,754.06, the S&P 500 lost 1.23 points, or 0.05 percent, to 2,683.34 and the Nasdaq Composite dropped 5.40 points, or 0.08 percent, to 6,959.96.
- European markets finished lower on Friday with shares in France leading the region. The CAC 40 is down 0.39% while Germany’s DAX is off 0.28% and London’s FTSE 100 is lower by 0.15%.
- The dollar index, which measures the greenback against a basket of six major rivals, was steady in light trading, with several global financial markets shut for the holidays.
- The index had ended 0.07% higher on Dec. 22 showing little impact following Congress’s passage of the U.S. tax bill that includes reduction in corporate taxes to 21% from 35% earlier, in one of the key reforms promised by President Donald Trump in his election campaign.
- Meanwhile, the euro was last down 0.02%. The recently-held parliamentary elections in Spain’s Catalonia handed a win to the separatists, worsening political crisis, reports showed.