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Tuesday, September 20, 2016

Equity Tips

The market has made a tepid opening waiting for outcome of the Bank of Japan policy meeting. The BOJ is expected to make negative interest rates the centrepiece of a new policy framework - widely seen as a desperate attempt to show it still has the firepower to lift Japan out of years of stagnation.

The Sensex is up 37.43 points or 0.1 percent at 28560.63, and the Nifty is up 13.30 points or 0.1 percent at 8789.20. About 354 shares have advanced, 124 shares declined, and 35 shares are unchanged.

Adani Ports, GAIL, BHEL, Hero MotoCorp, tata Motors are top gainers in the Sensex while HDFC, TCS, Coal India, ITC and ONGC is loser in the Sensex

The Indian rupee opened marginally higher at 66.99 per dollar versus 67.01 Tuesday.

"The rupee will trade with a negative bias today due to global concerns, but it can find some support at 67.20/dollar. The trading range for the day is seen between 66.80-67.20/dollar."

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