4 February 2014

MUST KNOW BEFORE TRADING IN NIFTY FOR 04 FEB 2014

  • The Indian rupee today gained for the first time in three days and closed up 12 paise to 62.56.
  • DOW JONES ended 149  points down  closed @ 15,372
  • NIKKIE closed 382  points down closed @ 14,236
  • HENG SENG closed 509  points down closed @ 21,526
  • The stocks may edge lower on weak economic data in US. Data showed factory activity in the US expanded in January at the weakest pace in eight months as orders slumped, a sign manufacturing cooled at the start of the year along with the weather. The Institute for Supply Management's factory index decreased to 51.3 from 56.5 the prior month, the Tempe, Arizona-based group's report showed. Readings above 50 indicate expansion. US is the biggest outsourcing market for the Indian IT firms


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