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Thursday, May 19, 2016

Equity Tips

Nifty hovers around 7800, Sensex in green; Lupin down 6%

The market is very volatile as the Sensex is up 51.65 points or 0.2 percent at 25451.37, and the Nifty up 11.25 points or 0.1 percent at 7794.65. About 826 shares have advanced, 712 shares declined, and 113 shares are unchanged.

Lupin is down 6 percent while Cipla and Bharti fall 1 percent.

Sun Pharma, ONGC, ITC, BHEL and Axis Bank are top gainers while Lupin, Maruti, Infosys and Hero MotoCorp are losers in the Sensex.

The Indian rupee opened marginally lower by 7 paise at 67.43 per dollar against previous close of 67.36.

"The market continues to digest hawkish Fed Minutes with dollar gaining against all major and EM currencies and dollar Index touching 95.50."

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