Technical Analysis of Indian Stock Market

The currency opened at 61.52 a dollar on Friday compared to Wednesday’s closing value of 61.41 per dollar.

GLOBAL MARKETS ROUNDUP
Asian shares wobbled in early trading on Friday; while the euro wallowed around two year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in the euro zone.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,915.88 (up 0.20 pct)
• NSE index 8,338.30 (up 0.17 pct)
• Rupee 61.41/42 per dlr (61.40/41)
• 10-year bond yield 8.19 pct (8.26 pct)
• 5-year OIS rate 7.36 pct (7.42 pct)
• 1-year OIS rate 7.97 pct (8.02 pct)
• Call money 8.00/8.05 pct (7.10/7.15 pct)

After starting on a muted note, the S&P BSE Sensex slipped over 130 points in trade on Friday, led by losses in HDFC Bank, L&T, SBI, ITC and M&M.

Ranbaxy Laboratories LtdBSE -0.24 % slipped as much as 4.7 per cent in trade on Friday, after the US Food and Drug Administration (FDA) has revoked a tentative approval for RanbaxyBSE -0.24 % Laboratories Ltd to make a cheap copy of AstraZenecaBSE 0.41 % Plc's heartburn drug Nexium, after its Indian plants were banned over quality control issues.

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Last Updated
November 7, 2014
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