Tuesday, 12 April 2016

Stock Market is Doing Good But NCDEX Commodity is Down

After a superb performance on Monday, the Indian Stock Market has given a nice opening on the Tuesday Morning Session. Both the top indexes are trading with minor hikes, Sensex Live at 25102.39 with the hike of 80.23 and Nifty Live at 7693.60 with the hike of 22.20 points. Except the Taiwan & Shanghai the other Asian Market is also performing good.
In Mcx Commodity Market, Gold, Silver and Lead is trading in negative zone whether all other Base Metals are up in the market. Currently, Gold Live at  29284 with the loss of 46 points, Silver Live at 37550 with the loss of 214 points and Crude Oil Live at 2676 with the hike of 10 points. In Ncdex Commodity Market, all the commodities are trading in negative zone except Soyabean, Ref soya oil and kapas contracts.
According to the reports of Central Food Technological Research Institute, all the Maggi samples were good and the amount of Lead in Maggi was within limitations. This clearance from CFTRI gave a big push to Nestle India Stock.
The board of Bharat Petroleum Corporation Limited has given the approval to increase the limit of Foreign Institutional Investment from 24% to 49% in the company. BPCL will buy the 26% stake of Petronet CCK Limited in 78.6 Rupees. The company stock is currently trading at 933.30 with the hike of 1.76%.
The stake of Birla Sun Life in Sun Life has been increased from 26% to 49%. Birla Sun Life has collected Rs 1664 crore after selling the 23% stake. After a big drop in January finally the company stock is recovering itself.


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