Wednesday 13 July 2016

Indian share market as per technical analysis software nifty up 19 points and Rupee strong by 9 paisa

The Sensex up by 104 points to 27,912 open

International market on the strength of strong signals from the opening of the Indian share market has been rapidly. As per technical analysissoftware the 30-share BSE index sensex up by 104 points to 27912 and NSE index Nifty chart up by 19 points to 8521 is open.

Rupee 9 paisa strong to open at 67.09 / $ level.

In currency market Wednesday’s session 9 paisa and a rupee at 67.09 is open. On Tuesday, the rupee had closed 6 paisa at 67.18.

Estimated demand for OPEC crude in 2017 extended

 In commodity market 2017 demand for OPEC crude is projected to have increased. The demand for OPEC crude in 2017 is expected to be 3.3 million barrels per day. The 2016 estimate of 11 million barrels a day more. The impact of the increase in crude oil demand is seen in the European markets, including the US.

Crude estimates the effect of an increase in US markets on the move is being witnessed. Davjons Industrial Average rose 0.47 percent to 18 312, 2,148 and the S & P 500 rose 0.55 percent Nesdek 5017 reached 0.58 per cent. The US markets are seeing rapid effect on the European market. Dax rose 1.31 per 9962, CAC is trading at 1.55 per cent 4330.

OPEC's report said that India and China as major consumer of crude in 2017, despite the slowdown in the world economy will see a rise in demand for crude. World crude demand in 2017 is expected to be 9.53 million barrels per day. Estimated demand for OPEC crude in 2016 is unchanged. OPEC said world crude demand in 2016 would be 9.42 million barrels per day. Although OPEC growth rate of 7.5 per cent in 2017, the Indian economy has been reduced from 7.2 per cent. While China's growth rate is 6.5 percent, down from 6.1 percent.

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