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Profit Booking Seen On Rising USDINR & Concern Of US China Trade War

Published 27-08-2018, 09:46 am
USD/INR
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Indian markets witnessed profit booking on rising USDINR and concern of US China trade war. USDINR surged to nearly 2-week high of above 70. There was profit booking on Friday which pulled down Nifty by 26 points to close at 11557 after a rally of four trading sessions. Overall trend of Nifty is bullish to range bound.
Global markets edged higher on Friday alongside U.S.markets after a mixed session in Asia as trade negotiations with China drew a blank.
Among the sectoral performance pharma stock shines, the sector rose by 3.83% followed by power which rose by 2.09%. Sequent Scientific (was up by 44.47%), Shilpa Medicare (was up by 17.11%), Merck (NS:MERK) (was up by 14.87%) and Marksans Pharma (was up by 14.66%).

US Data
The US 10 Year T-Note is trading at 120.48. 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 95.03.

Sector Performance Last Week

Sector Performance Last Week

Sector wise Small Cap Gainers Last Week

Sector wise Small Cap Gainers Last Week

Large Cap Gainers and Losers Last Week

Large Cap Gainers and Losers Last Week

Mid cap Gainers and Losers Last Week

Mid cap Gainers and Losers Last Week

Cash Market Data

Cash Market Data
In the current month DII have bought stocks in Cash segment worth Rs.2217.15 Crore.

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
In the current Expiry, FII and PRO in combined have bought 86999 contracts in Index Options.

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