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Thursday, November 17, 2016

Equity Tips

Sensex, Nifty marginally lower; Sun Pharma, ONGC, NTPC rally

Equity benchmarks remained marginally lower with the Nifty struggling below 8100 level, weighed by technology, FMCG and banks stocks.

ITC, TCS, Tata Motors, HUL, Dr Reddy's Labs and Wipro slipped 1-1.5 percent whereas Reliance Industries, Sun Pharma, ONGC and NTPC gained 1-2.5 percent.

The market has opened flat with the Nifty below 8100. Teh 50-share index is up 17.60 points or 0.2 percent at 8097.55 while the Sensex is up 8.05 points or 0.03% at 26235.67.

BHEL, Wipro, Bharti, Adani and Axis Bank are top gainers while Tata Motors, ITC, Tata Steel, Cipla and L&T are losers in the Sensex.

The Indian rupee declined in the early trade on Friday. It has opened lower by 18 paise at 68 per dollar versus 67.82 Thursday.

The rupee hit 68 mark per dollar for the first time since June 27, 2016. Bhaskar Panda of HDFC Bank said, "The dollar index had touched 13.5-year high before retreating. The USD-INR pair is expected to trade in a range of 67.80- 68/dollar."

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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