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Sunday, July 27, 2014

The market opened on a flat note on Monday despite positive Asian cues. The Sensex fell 9.87 points to 26116.88 and the Nifty declined 5.40 points to 7785.05.About 536 shares have advanced, 363 shares declined, and 39 shares are unchanged.

TCS, Tata Motors, Ambuja Cements, ACC, BPCL, Coal India and Bharti Airtel declined 0.7-1.8 percent whereas Sun Pharma, Hero Motocorp, PNB, Sesa Sterlite, Tata Steel, Infosys, Cairn India and Axis Bank gained 0.5-1.8 percent.

The Indian rupee opened flat at 60.09 per dollar on Monday as against Friday's closing value of 60.10 a dollar.The dollar is stronger versus the euro and the Swiss Franc, while flat versus the yen. The dollar index is higher at the 81 mark.

“The government too has been actively following up on its budget announcements, something we expect will continue in the coming months. We reiterate our positive stance and continue to remain buyers on dips,”

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