EquityTips

EquityTips
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Sunday, January 17, 2016

Equity Tips
There seems to be no ending to selling in Indian market. The Nifty is now below 7400, first time since June 2014. The 50-share index is down 45.50 points or 0.6 percent at 7392.30. The Sensex is down 145.36 points or 0.6 percent at 24309.68.About 199 shares have advanced, 1851 shares declined, and 63 shares are unchanged.

Nifty Bank is also below 15000 for first time since 2014. Nifty Midcap is at 52-week low. Bajaj Auto, Bharti Airtel, Cipla, ONGC and Hindalco are among major laggards. GAIL, Infosys, NTPC, TCS and ITC are gainers in the Sensex.

Headlines for the day:

Wipro Q3FY16 results: Muted quarter, guidance  for Q4FY16 looks lackluster
Aurobindo Pharma receives USFDA Approval for Tranexamic Acid Injection
IDBI Bank to raise Rs 3,771 Cr through QIP route

Trend in FII flows:

The FIIs were net  sellers of  Rs -1123.79 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 688.84 Cr, as per the provisional figures released by the NSE.

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