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Intraday Stock Trading

It was a softish kind of start to the week on the Indian bourses. Faltering global growth along with domestic macro concerns triggered fresh bouts of profit- taking yesterday. So how will our market shape up today? Read on for more.


Indian Markets : -
We began the weeks time with a lacklustre period of trade. The market began off incapable by international hints over the few days and the Asian markets seemed very saturated as well.
No significant sector led the market down, but mixed stress from banks, vehicle and concrete such as huge hats like Bharti and some infrastructure shares also did not look very good.
The BSE benchmark decreased 129.15 factors to shut at 17391.95 and the NSE benchmark lowered 41.60 factors to 5,275.18.

The Global Markets : -
In the US markets, shares came off their worst levels but still shut in adverse area as traders stayed nervous ahead of the income season and in the midst of restored international growth concerns.
US Closing: Dow -0.3% at 12736.2; S&P -0.2% at 1352.4; Nasdaq  -0.1%
European equities fell for a fourth straight session and were poised for further weakness on growing concerns about European authorities' response to the crisis.
Europe Closing: DAX -0.3%; CAC -0.3%; FTSE -0.5%; Spain -0.7%; Italy +0.5%
 Meanwhile, the European Union gave Spain an extra year to reach its deficit targets.
Asia opened flat awaiting China’s trade data for June which will come out today. Straits +0.5%; Hang Seng i+0.3%; Nikkei +0.2%; Kospi, Shanghai +0.1% and Taiwan is flat.

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