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Monday, May 2, 2016

Equity Tips

Selling pressure remains in the market but metal shines. The Sensex is down 136.49 points or 0.5 percent at 25470.13, and the Nifty down 32.20 points or 0.4 percent at 7817.60. About 1086 shares have advanced, 1163 shares declined, and 117 shares are unchanged.

Hindalco, Cipla, GAIL, Lupin and Reliance are top gainers while ICICI Bank, Dr Reddy's Labs, Adani Ports, Bharti and HUL are losers in the Sensex.

Several public sector banks including SBI are yet to raise funds totalling over Rs 22,000 crore from markets, for which they were granted permission by the government way back in December 2014. The total amount of funds yet to be raised by the state-run banks to shore up their capital requirements stands at Rs 22,257 crore, Finance Ministry said in reply to a Parliament question on Friday.

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