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INDIAN EQUITY MARKET OUTLOOK- 16 June 2016

Equity Tips

Nifty below 8150, Sensex falls over 200 pts; Bank, IT, auto tank

The market has opened lower dragged by weak global cues. The Sensex is down 162.69 points or 0.6 percent at 26563.65, and the Nifty down 51.40 points or 0.6 percent at 8155.20. About 410 shares have advanced, 454 shares declined, and 30 shares are unchanged.

Lupin, M&M and NTPC are top gainers while ICICI Bank, Maruti, HDFC, SBI, Tata Motors and Wipro are losers in the Sensex.

The rupee opened marginally higher at 67.12 per dollar on Thursday versus previous close of 67.15. Dollar added to losses after the Federal Reserve left interest rates unchanged, as was widely expected. The greenback trades near its weakest level since October 2014 versus Japan's currency.

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