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Thursday, September 29, 2016

Equity Tips

Nifty hovers around 8600, Sensex flat; BHEL, SBI, Infosys gain

After a firm start of the October Futures and Options (F&O) series, the market has started to wobble. The Sensex is down 27.19 points or 0.1 percent at 27800.34, and the Nifty is down 8.25 points or 0.1 percent at 8583.00.

GAIL, Infosys, Wipro, BHEL and ONGC are top gainers while Adani Ports, Cipla, Bharti AIrtel, Dr Reddy's Labs and HUL are major losers in the Sensex.

The market started off the October series on a positive note, rebounding sharply after previous day's sharp sell-off. The 50-share NSE Nifty reclaimed 8600 level, rising 10.95 points to 8602.20. The 30-share BSE Sensex was up 39.84 points at 27867.37. GAIL, Wipro, Infosys, Sun Pharma and BHEL are top gainers while Adani Ports, Dr Reddy's, Cipla, Coal India and ICICI Bank are losers in the Sensex.

The Indian rupee remained unchanged in opening at 66.85 per dollar against previous close of 66.85.

The US dollar snapped its longest slide since August as gross domestic product and jobless claims data bolstered speculation the Federal Reserve is set raise interest rates by year-end.

Asian markets were lower across the board on the final trading day of the quarter, after concerns over Deutsche Bank's stability drove down sentiment in US markets.

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