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Tuesday, June 21, 2016

Equity Tips

Sensex, Nifty open flat ahead of Brexit vote; DRL up, ITC falls

The market has opened flat ahead of crucial Brexit vote. The Sensex is down 0.55 points at 26812.23, and the Nifty is down 2.05 points  at 8217.85. About 486 shares have advanced, 203 shares declined, and 36 shares are unchanged.

Dr Reddy's Labs, BHEL, Sun Pharma, Hero MotoCorp and ICICI Bank are top gainers while HUL, ITC, Maruti, HDFC and Tata Motors are losers in the Sensex.

The Indian rupee declined in the early trade on Wednesday. It has opened lower by 10 paise at 67.59 per dollar against previous close of 67.49.

The dollar edged after news that a new poll on Britain's referendum on european union membership showed growing support for the leave camp, pushing down the euro and sterling. Meanwhile the euro dropped the most in a week after European Central Bank President Mario Draghi reiterated his willingness to act to bolster inflation.

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