Monday, 25 August 2014

Markets open higher; Nifty hits fresh record high

have opened on a positive note with touching fresh record high on sustained buying by foreign investors shrugging off mixed trend in Asian markets. 
At 9:15AM, the 30-share is up 78 points at 26, 498 and the 50-share Nifty is up 18 points at 7,931 after hitting a fresh record high of 7,938.35 so far.
In the broader market, the Mid-cap and Small-cap indices are trading 0.3% higher.
Market breadth was strong with 635 gainers and 183 losers on the BSE.

Meanwhile, foreign portfolio investors bought shares worth a net Rs 302 crore on Friday, as per provisional data from the stock exchanges.
Across the Globe:
On the global front, the dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process.
Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions dogged trading, while the dollar rose after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously.
Ukraine on Friday said Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine, where pro-Russian rebels are fighting government forces.

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