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Wednesday, January 18, 2017

Equity Tips

Nifty holds 8400, Sensex opens flat; BHEL, Tata Motors gainers

The market has opened flat but the Nifty has managed to hold 8400. The Sensex is down 26.43 points or 0.1 percent at 27231.21 and the Nifty is down 7.10 points or  at 8409.90. About 498 shares have advanced, 278 shares declined, and 154 shares are unchanged.

BHEL, Tata Motors, Dr Reddy's, Adani Ports and Asian Paints are gainers while Axis Bank, GAIL, HUL, ITC, Sun Pharma, TCS are losers in the Sensex.

The Indian rupee slipped in the early trade. It has opened lower by 12 paise at 68.20 per dollar versus 68.08 Wednesday.

The dollar index strengthen boosted by comments from Federal Reserve Chair Janet Yellen and a solid reading on the US consumer price index and industrial output figures that outpaced expectations boosted dollar .

Asian markets are trading higher with the Nikkei up 1 percent on the back of a weaker yen. The drop in currency boosted export-oriented shares in the trade. Meanwhile, the Korean market is trading flat.

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