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Monday, August 22, 2016

Equity Tips

Sensex hovers around 28000; Shriram EPC, Fortis Malar surge 20%

Equity benchmarks continued to trade in a tight range ahead of expiry of August derivative contracts and speech of Federal Reserve Chief Janet Yellen at Jackson Hole.

The Sensex was up 16.74 points at 28002.28 and the Nifty gained 6.10 points at 8635.25. The market breadth was positive as about 1113 shares advanced against 726 declining shares on the BSE.

The Indian rupee has opened higher by 7 paise at 67.12 per dollar against previous close of 67.19 a dollar.

The dollar stopped its advance against major currencies on hesitation ahead of a speech from the Fed chair on Friday.

Asian markets were mixed with the Japan's Nikkei and Hong Kong's Hang Seng falling over 0.3 percent whereas China's Shanghai gained 0.2 percent.

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