Morning Market Update 08 March 2016

Nalco stocks were trading 3.07 per cent up at Rs 38.60 (9.20 am) as the company will invest around Rs 900 crore in Kakrapar Atomic Power project to acquire 26 per cent stake in the plant and plans to increase it to 49 per cent later.

Gold advanced to trade near a 13-month high on Tuesday, supported by a struggling dollar and hopes the U.S. Federal Reserve will not raise interest rates as soon as next week’s meeting.

Asia stocks fell on Tuesday as investors took profits after a month-long rally and investors grew wary of the market’s near-term prospects ahead of major central bank meetings.

Domestic equity markets opened on a flat note on Tuesday. 

Sensex opened 8.71 points up at 24,655.19, 

while Nifty 50 opened 1.05 points up

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as investors rotated more assets into raw materials, with oil buying encouraged by talk that OPEC producers want a higher anchor price after a selloff that has lasted nearly two years.