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Wednesday, May 4, 2016

Equity Tips

Nifty eyes 7750, Sensex rises over 100pts; Tata Motors, Lupin up

The market is still holding up its early gains supported by few index heavyweights. The Sensex is up 117.95 points or 0.5 percent at 25219.68, and the Nifty is up 22.50 points or 0.3 percent at 7729.05. About 940 shares have advanced, 670 shares declined, and 66 shares are unchanged.

Tata Motors, Lupin, Sun Pharma, HDFC and Hindalco are gainers while Adani Ports, Axis Bank, TCS, Infosys and Wipro are losers in the Sensex.

The Indian rupee opened marginally lower by 4 paise at 66.59 per dollar on Thursday versus 66.55 Wednesday.

Major Headlines of the day:
V-Guard Q4FY2016 beats estimate on all fronts
Ricoh India receives 21-day deadline from BSE to comply with SEBI norms
Indo Count to consider fund raising for second leg of expansion

Trend in FII flows:The FIIs were net  sellers of  Rs -66.45 Cr in the cash segment on Tuesday  while the DIIs were net buyers of  Rs 78.80 Cr, as per the provisional figures.

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