EquityTips

EquityTips
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Wednesday, February 24, 2016

Equity Tips

The market has opened flat on a very crucial day of February Future & options expiry and Rail Budget. The Sensex is up 2.37 points at 23091.30 and the Nifty is up 11.15 points or 0.2 percent at 7029.85. About 247 shares have advanced, 106 shares declined, and 20 shares are unchanged.

Hindalco, ONGC, Tata Motors, ICICI Bank and BHEL are top gainers while NTPC, ITC, Hero MotoCorp, Dr Reddy's Labs and HDFC are losers in the Sensex.

The Indian rupee opened higher by 9 paise at 68.47 per dollar on Thursday versus 68.56 Wednesday.Sterling tumbled to a seven-year low on heightened fears of a possible British exit from the European Union, while the safe-haven yen gained broadly.

While global markets are likely to remain choppy, Indian equity market looks attractive at these level, says Geoff Lewis, Global Strategist-Capital Markets Group at Manulife Asset Management.

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