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INDIAN EQUITY MARKET OUTLOOK- 26 Apr 2016

Equity Tips

Sensex, Nifty continue to struggle; Hindalco, Tata Steel gainers

The market is still under pressure with the Sensex is down 57 points or 0.2 percent at 25621.93. The Nifty is down 14.40 points or 0.2 percent at 7840.65. About 977 shares have advanced, 742 shares declined, and 96 shares are unchanged.

Hindalco, Tata Steel, M&M, BHEL, NTPC are gainers while ICICI Bank, Adani Ports, Hero, Bajaj Auto and SBI are losers in the Sensex.

The Indian rupee has opened marginally lower at 66.72 a dollar compared to 66.61 a dollar in previous session.

Asia stocks were mixed, after energy plays led to a decline in US equities overnight, and as investors likely took to the sidelines ahead of major central bank monetary policy decisions due later in the week.

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