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Wednesday, March 9, 2016

Sensex, Nifty open flat; GAIL & ONGC gain, Infosys falls

The market has opened on a flat note with the Sensex rising 22.64 points to 24816.60 and the Nifty advancing 15.25 points to 7547.05.

Infosys fell 2 percent after 78 lakh equity shares changed hands in multiple block deals on BSE and NSE at around Rs 1,150 apiece.

Hindalco, Tata Motors, ONGC, Hero Motocorp, Tata Steel, Cairn India, Vedanta, Tech Mahindra and Tata Motors gained 0.7-3 percent while BHEL, TCS, HUL and Bharti Airtel declined 1 percent.

The Indian rupee opened marginally lower at 67.24 per dollar today against previous close of 67.21.

"We expect the USD-INR to trade in a range of 66.95-67.25/dollar today,"

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