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Monday, January 16, 2017

Equity Tips

Sensex, Nifty open in green; SBI, ITC, TCS gain 1%

The market has opened in green Tuesday. The Sensex is up 51.43 points or 0.2 percent at 27339.60 and the Nifty is up 16.10 points or 0.2 percent at 8428.90. About 689 shares have advanced, 192 shares declined, and 174 shares are unchanged.

SBI, ITC, TCS, Tata Motors and ONGC are top gainers while Relaince, Hero MotoCorp, Tata Steel, Lupin and M&M are losers in the Sensex.

The Indian rupee opened flat at 68.09 per dollar on Tuesday against previous close 68.10. The pound remained weak ahead of British Prime Minister Theresa May's speech on brexit plans due later today. The dollar strengthened against a basket of currencies.

Global investors are awaiting UK PM Theresa May's Brexit speech. According to reports, May will lay out plan to exit the European Union that would see Britain lose access to the bloc's single market.

Asian markets saw a mixed start as investors were cautious ahead of May’s speech. Nikkei was down nearly half a percent, while the Korean market was trading higher by over half a percent.

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