Indian Stock Market Tips- India's GDP Grows At 8.2% In June
Stock Market Today by Ripples Advisory-
India's GDP grows at 8.2% in June quarter which may boost market sentiments. Data released by the Central Statistics Office showed the economy grew 8.2% in April-June. This was the fastest expansion since the January-March quarter of 2016.
Indian markets started September series on a flat note. On Friday Nifty opened lower but bounced back in an early trade. Nifty once again slipped into negative zone in morning trade and hit fresh intraday low in mid-morning trade. The Index recovered from day's low and closed flat.
US President Donald Trump made fresh trade threats against China.
The rupee slumped to a fresh record low of 71 against the dollar for the first time ever on persistent demand for the US currency amid rising crude prices.
Nifty is opening gap up by 13 points from previous day close of 11735. Currently, Nifty trading at 11748 as per SGX Nifty.
The US 10 Year T-Note is trading at 120.20. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 95.11.
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