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Thursday, December 29, 2016

Equity Tips

Nifty reclaims 8150, Sensex climbs over 150 pts; ITC, ICICI gain

The market has kick-started January Futures and Options (F&O) series on a flat note. The Sensex is up 54.61 points or 0.2 percent at 26420.76 and the Nifty is up 16.05 points or 0.2 percent at 8119.65. About 215 shares have advanced, 50 shares declined, and 19 shares are unchanged. Investors will be keenly watching for any government announcement as Prime Minister Narendra Modi's 50-day demonetisation deadline draws to a close today.

Cipla, ONGC, Maruti, Axis Bank and Asian Paints are top gainers while HDFC, Wipro, Bharti Airtel, Infosys and Reliance are losers in the Sensex.

The Indian rupee gained in the early trade. It has opened higher by 15 paise at 67.95 per dollar versus 68.10 Thursday.

"Festive fervour is the theme right now across the world. The dollar index has given up some of the recent gains and is trading below 103. EM currencies are still under cloud."

"USD-INR is expected to trade within 67.80-68.10/dollar range,"

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