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Thursday, October 20, 2016

Equity Tips

Nifty holds 8650 amid pressure, Sensex loses over 100 pts

Equity benchmarks wiped out its previous day's gains, with the Sensex falling over 100 points on profit booking.

The market has started tepid on Friday. The Sensex is down 6.99 points at 28122.85 and the Nifty is up 9.20 points or 0.1 percent at 8708.60. About 397 shares have advanced, 115 shares declined, and 35 shares are unchanged.

RDr Reddy's Labs, Lupin, Bajaj Auto, TCS and Hero MotoCorp are top gainers. HCL Tech is up 3 percent after announcing its better-than-expected Q2 results.

ICICI, Axis Bank, HDFC, SBI and ONGC are losers in the Sensex.

The Indian rupee has opened at 66.89 per dollar, down 8 paise compared with 66.81 a dollar in previous session. The dollar was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating tapering its monetary easing - sending the euro lower.

HDFC Bank says the US dollar continues to gain against most of its peers with the Dollar Index settling above 98 level. The USD/INR currency pair also came off from recent highs, in-line with other peer currencies.


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