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INDIAN EQUITY MARKET OUTLOOK- 28 Jan 2016

Equity Tips
Sensex flat, Nifty volatile ahead of expiry; Power Grid gains

The market has opened marginally lower ahead of expiry of January derivative contracts. The 30-share BSE Sensex fell 5.68 points to 24486.71 and the 50-share NSE Nifty declined 3.45 points to 7434.30.

ICICI Bank, GAIL, Lupin, Adani Ports, NTPC, Power Grid Corporation, Cairn India and Vedanta were early gainers while losers were HDFC, Bharti Airtel, Maruti Suzuki, L&T, Sun Pharma, Asian Paints, Coal India and NTPC.

The Indian rupee opened lower by 10 paise at 68.15 per dollar today against previous close of 68.05.

The dollar weakened against the euro and the yen after the Federal Reserve left interest rates unchanged.

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