Share Market Updates Nifty opens below 8350

Nifty opens below 8350, Sensex weak; Axis, ICICI, Infosys fall 

The market has opened lower on global weakness. Share Market Tips The Sensex is down 39.46 points or 0.1 percent at 26995.04 and the Nifty is down 6.00 points at 8343.35. About 456 shares have advanced, 325 shares declined, and 147 shares are unchanged. 

ONGC, GAIL, Asian Paints, Adani Ports and Tata Motors are gainers while Axis Bank, ICICI Bank, Wipro, Infosys and TCS are losers in the Sensex. 

The Indian rupee opened higher by 13 paise at 68.05 per dollar on Monday against 68.18 Friday. 

Asia markets were mixed on Monday, after a weekend dominated with Donald Trump inauguration headlines, including plans to possible renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal. 

Free Intraday Tips Crude prices remained steady as Saudi Arabia, Venezuela stressed world energy interdependence. It shrugged off a vow by President Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad. 

Gold prices are holding on to their gains and are currently trading above 1200 dollar an ounce. 

Trade Tips: Nikkei up 0.3%

Asia markets mixed; Nikkei up 0.3%; Shanghai down 0.6%

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asia marketAsian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important US June non-farm payrolls data.

The S&P/ASX 200 was flat after initially opening lower, weighed by its energy sub-index, which was down 0.3 percent.

In Japan, the Nikkei 225 was up 0.25 percent; while across the Korean strait, the Kospi was lower by 0.18 percent.

US crude prices dropped 4.83 percent to USD 45.14 a barrel on Thursday after an Energy Information Administration (EIA) report showed stockpiles fell 2.2 million barrels in the week to July 1, far less than the 6.7 million barrel draw down the American Petroleum Institute reported on the previous day.

Trade Tips: Asia opens higher

Asia opens higher; ASX up 0.6%, Nikkei flat, Kospi gains 1%

Asia MarketAsian markets opened modestly higher on Thursday, likely taking cues from a stronger finish in the US, helped by rising oil prices and the release of dovish Federal Reserve minutes. Australia’s ASX 200 was up 0.58 percent, boosted by gains in the energy, materials and the heavily-weighted financials sub-indexes.

In Japan, the Nikkei 225 was near flat at 15,374.37, while across the Korean Strait, the Kospi was up by 1 percent. Major indexes in the region had sold off in the previous session on global growth concerns that saw a flight to safety.

In the currency market, the dollar traded at 96.097 against a basket of currencies, coming off levels near 96.290 it traded at on Wednesday afternoon Asia time.

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Trade Tips with Asia Stock Markets Tumble

UK pound falls under $1.28; Asia stock markets tumble

Markets in Asia were sharply lower on Wednesday, as investors scurried into safe-haven plays on global growth concerns, sending bond yields to record lows. Renewed Brexit jitters also sent the British pound tumbling to a fresh 31-year low. The British pound dropped to a fresh 31-year low early Wednesday amid Brexit concerns, trading at USD 1.2860 as of 11:04 a.m. HK/SIN, after dropping as low as USD 1.2796 earlier.
Asia MarketJapan’s Nikkei 225 dropped 2.96 percent, after earlier tumbling some 3.2 percent on the back of fresh yen strength. The Japanese yen, a safe-haven asset, traded at 100.71 against the dollar as of 11:04 a.m. HK/SIN, compared with levels near 103 on Friday.
Gold prices advanced, with spot gold up 0.88 percent at USD 1,367.56, compared with levels near USD 1,320 in the previous week.

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Best Stock Advisory Company Advice on Stock Market

Asia opens mixed; Nikkei gains 1.6%, Kospi down 0.7%Asia Market

Asia markets opened mixed on Monday, as traders continued to digest the UK’s unexpected vote to leave the European Union (EU). Australia’s ASX 200 dropped 0.91 percent in early trade; the financial subindex, which accounts for nearly half of the broader index, was down 2.19 percent, with major Australian banks down more than 1 percent each. Shares of ANZ dropped 3.11 percent, Commonwealth Bank of Australia down 1.85 percent, Westpac off 2.08 percent and NAB off by 2.44 percent. Bucking the trend was Japan, where the Nikkei 225 saw a 1.61 percent gain in early trade.

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News on Sun Pharma Stocks: Sun Pharma to buy back shares worth Rs 675 cr

Sun-Pharma-StockSun Pharma on June 23 said it will buy back shares worth Rs 675 crore to return surplus funds to its shareholders.

“The Board of Directors of the company at its meeting held on June 23, 2016 approved the buyback of its fully paid up equity shares. The buyback is being undertaken by the company to return surplus funds to the equity shareholders and thereby, enhancing the overall returns to shareholders,” Sun Pharma said in a statement.

Shares of the company closed at Rs 751.70 apiece, up 1.59 percent from the previous close on BSE.

Sun Pharma Adv stock price:

On June 24, 2016, at 09:49 hrs Sun Pharma Advanced Research Company was quoting at Rs 291.00, down Rs 5.65, or 1.9 percent. The 52-week high of the share was Rs 446.84 and the 52-week low was Rs 245.10. The latest book value of the company is Rs 14.17 per share. At current value, the price-to-book value of the company was 20.54.

Asia Market Morning Trade

Asia markets mixed in morning trade; Nikkei drops 0.9%

Asia markets traded mixed on Wednesday, after US stocks eked out gains Tuesday amid a drop in oil prices, and as investors counted down to the upcoming British vote to decide whether to remain in the European Union.

asia market

In Hong Kong, the Hang Seng index was down 0.4 percent. Chinese mainland markets traded flat, with the Shanghai composite at 2,879.28 and the Shenzhen composite at 1,890.61.

During Asian hours Wednesday, Brent traded up 0.1 percent at USD 50.67 a barrel, while the new August front-month US crude futures contract traded up 0.3 percent at USD 50 a barrel.

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