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Monday, November 28, 2016

Equity Tips

Sensex rises over 200 pts, Nifty eyes 8200; Midcap outperforms

The market has opened flat as the Sensex is up 36.78 points or 0.1 percent at 26386.95. The Nifty is up 4.65 points or at 8131.55. About 418 shares have advanced, 101 shares declined, and 27 shares are unchanged.

Tata Steel, Adani Ports, Coal India, Sun Pharma and BHEL are top gainers while Hero MotoCorp, Infosys, Lupin, NTPC and Asian Paints are losers in the Sensex

The Indian rupee opened higher by 3 paise at 68.73 per dollar versus previous close 68.76. The dollar edged down against a basket of major currencies on Monday, surrendering some gains after a sharp rally that followed Donald Trump's surprise victory in the US Presidential election.

The dollar had surged more than 4 percent against a basket of currencies in the wake of the election earlier this month - but has now retreated from its 14-year high.

Asia markets were mixed, taking cues from the US where a post-election rally appeared to stumble.

US stocks declined for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

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