Thursday, 27 April 2017

27 April 2017- Today's Indian Stock Market Update>> Must watch and grab Free Trials

Free Stock Tips click here >>


Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of the expiry of April futures & options contracts.

Benchmark Sensex closed above the 30,000-mark for the first time on Wednesday, while the Nifty too finished at a record high on sustained buying amid positive global cues.

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month April 2017 series to May 2017 series. The near month April 2017 derivatives contract expires today, 27 April 2017.


Asian shares were trading lower following the lower close on Wall Street as investors analyzed details of US President Donald Trump's highly-anticipated tax reform plans.


The rupee opened stronger on Thursday at 64.05 to the dollar, up 6 paise from the previous close, tracking gains in global equity and currency markets and benefiting from a weakness in the greenback.

Strong custodial flows are pushing the rupee higher against the dollar may lead the USD-INR pair to trade between 63.90 and 64.20 for the rest of the day.


Refined Gold prices gave up strength and declined by Rs 51 to end the trades at Rs 28763 per 10 grams. Transaction volumes picked up and there has been decreasing of long positions. Further extension of gains will take Gold towards Rs 29200 and 29300 per 10 grams. On the lower side, Rs 28700 per 10 grams will be support levels.

The prices of MCX Copper was static in a single session on 26 April 2017. The tormenting by bears halted Copper and the prices have now breached all important Rs 365 per kg levels and have been able to set Rs 370 per kg as next benchmark resistance.


The initial public offer of textbook publisher S Chand and Company was subscribed 52 percent on the first day of bidding Wednesday.

Lupin fell nearly 2 percent in the opening on USFDA observations for Goa plant but recovered immediately.

Adani Ports rebounded 1.5 percent after losing 2 percent in the previous session.

Tata Motors gained momentum further, up over a percent ahead of April sales data due next week.

Axis Bank was down 2.47%. The bank's net profit dropped 43.13% to Rs 1225.10 crore on 4.33% rise in total income to Rs 14181.31 crore in Q4 March 2017 over Q4 March 2016.

Tata Sponge: Tata Sponge on Wednesday reported a 62 per cent rise in consolidated profit to Rs 21.20 crore for the quarter ended March 31, 2017.

No comments:

Post a Comment