Ripples Advisory|Market Live Update's
Sensex opens lower, Nifty holds 10,800; Tata Motors, ICICI Bank, SBI down
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 54.5 points or 0.51 percent. Nifty futures were trading around 10,782.5-level on the Singaporean Exchange.
Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
Brent crude futures, the international benchmark for oil prices, were at USD 74.21 per barrel at 0343 GMT, down 1.8 percent from their last close.
US West Texas Intermediate (WTI) crude futures were at $68.40 a barrel, down 0.3 percent, supported more than Brent by a slight drop in US drilling activity.
Prices initially jumped after the deal was announced late last week as it was not seen boosting supply by as much as some had expected.
The market has begun this week on a subdued note. Indices opened mildly lower, but are now trading flat. The Nifty manages to hold 10,800 levels. Some strength is visible among pharmaceutical names, which are currently trading higher by a percent. The IT index is also trading up a percent. Vedanta, Infosys and UltraTech Cement are the top gainers, while Tata Motors, NTPC, and BPCL have lost the
Hello Traders!!! Grab This Offer As Soon As Possible
Ripples Advisory provides 2 Days free Trial In All Segments Equity, Commodity And Forex. Just Go To Link And Just Register Yourself here. Ripples Advisory
0 comments
Note: only a member of this blog may post a comment.