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Wednesday, June 1, 2016

Equity Tips

Sensex, Nifty marginally lower; Tata Motors, Coal India support

The market continued to be marginally lower with the Sensex falling 43.21 points to 26670.72 and the Nifty down 14.95 points at 8165. The broader markets were also lower as about 930 shares declined against 674 advancing shares on Bombay Stock Exchange.

Infosys, Coal India and Tata Motors topped buying list on Sensex, up 1-2 percent while ITC, L&T, Bajaj Auto and GAIL fell 1 percent each.

The Indian rupee opened marginally higher at 67.42 per dollar versus 67.45 Wednesday.

The US dollar hit its lowest level in two weeks against the yen after Japan delayed a sales tax hike for longer than expected, raising concerns about the lack of Japanese monetary stimulus to halt the yen's rise.

Asian shares were steady on Thursday as Wall Street eked out modest gains after the latest batch of US data provided few clues on when the Federal Reserve might raise rates, while a resurgent yen pressured equity markets in Japan.

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