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Tuesday, August 30, 2016

Equity Tips

Equity benchmarks extended rally for the fourth consecutive session with the Nifty reclaiming 8800 level for the first time since April 15, 2015.

The 30-share BSE Sensex was up 102.10 points at 28445.11 and the 50-share NSE Nifty rose 44.65 points to 8789. About 1204 shares advanced against 566 declining shares on the BSE.

The market has opened higher with support from banks. The Sensex is up 46.66 points or 0.2 percent at 28389.67, and the Nifty is up 9.70 points or 0.1 percent at 8754.05. About 277 shares have advanced, 80 shares declined, and 24 shares are unchanged.

Wipro, Cipla, Asian Paints, ITC and Sun Pharma are top gainers while ONGC, BHEL, Adani Ports, Tata Steel and Reliance are losers in the Sensex.

The Indian rupee opened marginally lower at 67.08 per dollar versus 62.02 Tuesday.

Asian shares eased following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September.

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