Wednesday, March 30, 2016
INDIAN EQUITY MARKET OUTLOOK- 31 Mar 2016
Nifty reclaims 7750, Sensex flat; Infosys gains, HDFC falls
The market gained some strength after opening flat. The Sensex rose 74.30 points to 25412.88 and the Nifty reclaimed 7750 level, up 18 points to 7753.20.
Hero Motocorp, Bajaj Auto, Lupin, Sun Pharma, Infosys, Vedanta, Tata Power and UltraTech Cement were early gainers while ONGC, Adani Ports, Coal India, HDFC, SBI, Idea Cellular and PNB were losers.
The Indian rupee has opened marginally higher at 66.35 per dollar today against previous close of 66.37.
Asian markets were trading mixed while Wall Street and European markets closed higher yesterday.
Major Headlines of the day:
Reliance Capital completes 23% stake sale in life insurance venture
Adani Group enters defence sector with statement of intent
Kansai Nerolac sells Chennai land to SPV floated by Brigade & GIC Singapore
Trend in FII flows:The FIIs were net sellers of Rs -1442.47 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 396.90 Cr, as per the provisional figures released by the NSE.
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