Indian Share Market Opening Trends- Sensex, Nifty Struggle As Rupee Weakens Past 61/Dollar

Today Stock & Nifty Market Opening News :

Equity benchmarks opened lower on Wednesday following weakness in global peers and also on the back of profit booking after rising more than 400 points (on the Sensex) in previous two sessions.

The Sensex declined 25.14 points to 25882.87 and the Nifty fell 14.45 points to7732.10. About 549 shares have advanced, 364 shares declined, and 51 shares are unchanged.

Hero Motocorp fell nearly 2 percent on account of lower than expected earnings in April-June quarter while Infosys and Hindustan Unilever rallied more than 2 percent.

 The Indian rupee opened marginally lower by 9 paise at 61.03 per dollar on Wednesday against 60.84 Tuesday. The rupee tumbled to 61.23/dollar - its lowest since March 21 - amid broad gains in the dollar. Rupee had closed at 60.85 yesterday.

Today Nifty Market Trend:

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7710 SUPP 2: 7625

RES 1: 7795 RES 2: 7835

Today Stock Market Tips:

·         SELL R CAP (LCP-592.95) BELOW 591 TG-587-582

·         SELL GLOB OFFSHORE (LCP 543.8) BELOW 542 TG-536-530

·         SELL ONELIFE CAPITAL (LCP 182.4) ABOVE 181 TG-179-176

·         SELL IRB INFRA (LCP-265.55) BELOW 265 TG-262-258

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