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Sunday, September 18, 2016

Equity Tips

Sensex, Nifty marginally higher; Midcap, Smallcap outperform

Equity benchmarks were marginally higher with the Nifty holding 8800 level while the broader markets outperformed, tracking positive Asian cues.

ICICI Bank, Asian Paints, TCS, HUL, M&M and ONGC gained a percent each while HDFC, Infosys, Maruti, Axis Bank, ITC and HDFC Bank were under pressure.

The Indian rupee opened marginally higher by 3 paise at 66.95 per dollar on Monday versus 66.98 Friday.

The US dollar hit a more than two-week high against a basket of major currencies on Friday after US inflation data boosted bets on a faster pace of Federal Reserve interest rate hikes, while uncertainty ahead of a Bank of Japan meeting limited the dollar's gains against the yen.

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