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Wednesday, August 24, 2016

Equity Tips

Sensex, Nifty rangebound; ITC up 1%, Bharti & Adani Ports down

The market is rangebound but the Nifty is still above 8650. The 50-share index is up 23.90 points or 0.3 percent at 8674.20 and the Sensex is up 65.20 points or 0.2 percent at 28125.14. About 1214 shares have advanced, 612 shares declined, and 102 shares are unchanged.

ITC, Cipla, BHEL, Axis Bank, Dr Reddy's are top gainers while Adani Ports, Wipro, Infosys, Bharti Airtel and TCS are losers in the Sensex.

The market has opened in green on August Futures and Options expiry day. The Sensex is up 74.49 points or 0.3 percebt at 28134.43 and the Nifty is up 25.45 points or 0.3 percent at 8675.75. About 562 shares have advanced, 165 shares declined, and 26 shares are unchanged.

The Indian rupee opened marginally higher at 67.09 per dollar versus previous close of 67.11.

Dollar held steady led by uncertainty ahead of a meeting of central bankers at Jackson Hole on Friday.

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