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Tuesday, May 10, 2016

Equity Tips
Market recovers; Nifty still above 7850, Sensex down 100 pts

The market slipped at the opening on Wednesday. The Sensex is down 339.95 points at 25432.58, and the Nifty is down 99.75 points at 7788.05. About 142 shares have advanced, 649 shares declined, and 24 shares are unchanged.

Asia markets gave up much of their early gains on Wednesday to trade lower as the yen nudged higher against the dollar and oil prices retreated.

The Indian rupee opened lower by 13 paise at 66.80 per dollar on Wednesday versus 66.67 Tuesday.

Major Headlines of the day:
Tata Steel gets SEZ status for Gopalpur project.
EID Parry Q4 net up 59% at Rs267 cr.
JSW enters race for Tata Steel's UK business.

Trend in FII flows:The FIIs were net sellers of  Rs -328.59 Cr in the cash segment on Tuesday  while the DIIs were net buyers of  Rs 68.20 Cr, as per the provisional figures.

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