Nifty 50 Traded Near 10900, Sensex Up 300 points

The Nifty 50 traded near 10,900. Asian stocks began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth. US equity futures edged up with stocks in Japan and Australia, while shares slipped in Shanghai and Hong Kong. Oil prices climbed after US drilling activity fell to its lowest level in about two months.

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Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks – Enjoy Tons of Money

Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks - Enjoy Tons of Money

Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks – Enjoy Tons of Money

The Indian rupee (INR) fell sharply against the US dollar (USD) today after the shock exit of RBI governor Urjit Patel, who announced his resignation on Monday. The rupee was trading at 72.46 against the US dollar, down 1.5%, as compared to yesterday’s close of 71.32. The dollar also gained other currencies, putting further pressure on the rupee. The abrupt resignation of RBI chief has raised worries about further outflows from Indian markets. The counting of votes in five states began today from 8 am. Early trends indicate a tight race between BJP and Congress in Madhya Pradesh while Congress ahead in Rajasthan.

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Stocks To Watch Out For In Today Trading

Future Retail-Amazon deal likely in 10 days, in which Amazon will buy around 9.5 percent stake in Kishor Biyani-led company and both the parties are in advanced stage of talks for the deal.

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HDFC AMC, Sun Pharma, Wipro, Cipla, IndiGo

Equity benchmarks in Japan and South Korea were little changed as trading began, while Australian stocks declined. Futures indicated Hong Kong shares would nudge higher after sliding into a bear market. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.3 percent higher at 11,349.50 as of 7:20 a.m.

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