SGX Nifty Around 7950 And Rupee Closed at 66.64 | StocK Market Updates Today

Market Updates

The Shanghai Composite fell nearly 5 percent.Nikkei rose 1 per cent of Japan 's market is trading above 18,750 .
Hang Seng is approaching 2 per cent to 21,700

SGX Nifty 144.5 points, or doing business at 1.8 per cent growth over 7940.Taiwan index has risen close to 3 per cent from 7650 .

Commodity Update

Crude:1.3 % of the strength in crude oil , 

Gold: gold close to $ 1155

MCX crude oil ( September futures ) : Sell - 2820 , stop-loss - 2860 and target - 2740
Silver MCX ( September futures ) : Sell - 35800 , stop-loss - 36200 and target - 34800
Gold MCX ( October futures ) : Sell - 27 550 , stop-loss - 27700 and goals - 27 200

The rupee closed at 66.64 with heavy fall

Indian Rupee closed at 66.64 at 81 paisa against dollar which is
2 -year low.

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2000 Crore India Inspiration Fund Launch | RBI is Expected To Reduce The Rates :

RBI is expected to reduce the rates :

Finance Minister Arun Jaitley cut rates once again advocating the monsoon across the country is now almost exactly , while the decline in inflation , which should consider , given the RBI to cut rates . 4 consecutive months of indirect tax revenue to the government and getting good harvest expected this time , so the reduction in rates seems suited for the environment . 

2000 crore India Inspiration Fund Launch

Finance Minister Jayant Sinha exclusive interview with CNBC - voice that still most venture capital coming from overseas , therefore we should insist on domestic venture capital industry to stand . Starting Inspiration Fund launched by the Government of India is Rs 2,000 crore .