INDIAN EQUITY MARKET OUTLOOK- 11 Feb 2016

Indian market have opened at lower levels. The Sensex is down 79.05 points or 0.3 percent at 23679.85 and the Nifty slips 24.15 points or 0.3 percent at 7191.55. About 273 shares have advanced, 416 shares declined, and 48 shares are unchanged.

BHEL, ICICI Bank, Coal India, M&M and Maruti are losers while Dr Reddy's, SBI, Tata Motors, TCS and Hero are top gainers in the Sensex.

The Indian rupee opened lower by 10 paise at 67.95 per dollar versus 67.85 Wednesday. The dollar was broadly lower after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming.

Asian markets traded mostly down on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.

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