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Friday, 7 June 2013

A slight decline in Indian share market, Strong start of Rupee

Getsharetips.com says that in the short term the Indian markets are only visible signs of weakness. the significant level of nifty 5850-5810 here is support there if these breaks in the nifty support decline. in such a situation to come close to the level of nifty 5760.

Rupee against the dollar on Thursday after strong weakness seems now take over. Today is the beginning of the rupee against the U.S. dollar. Euro 14 is open at 56.70 with a gain of money. Rupee against the U.S. dollar in Thursday's trading session closed at 56.84.

Asian markets fall, creating pressure on the Indian Share markets tips worked. So good indicators of the U.S. markets were met. The Capital Goods, Bank, Metal, PSU and FMCG stocks beaten down in the Indian market has prevailed. Consumer durables and IT stocks have done little support to the domestic market. Veterans in the fall, on the other hand, there are views of Midcap and Smallcap stocks.

The BSE 50-share Sensex index of leading with 75 points, ie 0.4 % is trading at 19 444. The NSE Nifty 50-share key index dropped 0.4 %, with 24 points, ie is trading at 5897 levels.

The turnover in the market Maruti Suzuki, HDFC, L & T, ICICI Bank, Hindalco, UltraTech Cement giants like Ranbaxy and has seen a decline in stocks around 2-1 %. However, Hero Honda Motors, Tata Power, Dr Reddy's, TCS, Infosys, Reliance Infrastructure and heavyweight stocks like BPCL around 1 to 0.5 % is to move upwards.

In midcap M & M Financial, Indian Infotech, SCI, most of Muthoot Finance and Redington India went up from 5.8 to 2.5 %. In the midcap space, Educomp Solutions, Future Retail, Opto Circuits, Jindal Saw and Blue Dart have broken the most from 4 to 1.6 %.

While small-cap stocks, Patel Engineering, Somani Ceramics, Sicvent Scientific, JM Financial and Maknli India gained the most from 10.2 to 4.2 %. The Sandur Manganese, Kiteks Garment, COMEX Tech, Hbtaun and Smallcap stocks like Escorts are dropped down from 4.5 to 2.2 %.

In the international markets, which gained U.S. market closed around 0.5-1 %. The Dow Jones gained 0.53 % to close at 15 040 succeeded with. S & P 500 Index gained 0.85 % to close at 1622.56. The Nasdaq closed 0.66 % higher at 3,424.

The strength of the yen in Asian markets is palpable. Asian markets are undergoing major indices in the red. The Nikkei was down 2 % and the Hang Seng fell 1.2 %. Straits Times, Kospi and Shanghai Composite is looking weak in the 1.3 to 0.3 %. Taiwan Index is trading at flat levels. SGX Nifty up 22 points, ie at the level of 5908 is 0.4 %.

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