INDIAN EQUITY MARKET OUTLOOK- 1 Apr 2016

Equity Tips

Nifty opens April series on weak note, Sensex falls; HDFC sheds

The market has started off April series and financial year 2016-17 on a negative note, tracking weak Asian cues. The Sensex fell 79.75 points to 25262.11 and the Nifty declined 30.05 points to 7708.35 on profit booking.

Bharti Airtel, GAIL, Hindalco, Tata Steel, M&M, Aurobindo Pharma and BPCL were losers in early trade while BHEL, Wipro, Coal India, ITC, Cipla, Asian Paints, HCL Tech and Wipro gained.

Among the plans would be a likely stake sale by Godrej Investments and Godrej & Boyce Manufacturing Company and founder and Chief Executive Officer Manu Parpia in the company. Parpia holds 6.7 percent stake in  Geometric .

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