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Tricks and Tips

Wednesday, 27 July 2016

Nifty hovers around 8,650 ahead of F&O expiry

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Markets continued to consolidate ahead of the expiry of July derivative contracts later today.
S&P BSE Sensex was up 115 points at 28,140 and the Nifty50 was up 32 points at 8,648. In the broader market, the BSE Midcap and Smallcap indices were up nearly 1% each.
Asian Paints hit a fresh record high of Rs 1,153 on the Bombay Stock Exchange after the paints major posted robust first quarter earnings.
Maruti Suzuki was up 2% after the company reported record profits in the June quarter despite an appreciating yen on the back of 134% jump in other income.
GLOBAL MARKETS

Asian markets edged lower with profit booking seen in Japanese shares after gains in the yen weighed on market sentiment. Nikkei was down 1% while Shanghai Composite was trading flat with negative bias. Hang Seng eased 0.3% and Straits Times slipped 0.8%.


US stock indices ended mixed on Wednesday after gains in Apple failed to offset losses in McDonald's and Coca-Cola among others. The Dow Jones industrial average ended down 0.01% at 18,472, the S&P 500 eased 0.12% at 2,167 and the Nasdaq closed 0.6% higher at 5,140.


                                       
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