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Thursday, April 20, 2017

Equity Tips

Sensex, Nifty steady; Midcap continues to outperform; Dollar Ind up 5%

The market extended its previous day's gains, with the Nifty reclaiming 9150 level on positive Asian cues, backed by banking & financials, FMCG and Reliance Industries.

The 30-share BSE Sensex was up 110.76 points at 29,533.15 and the 50-share NSE Nifty gained 43.25 points at 9,179.65. About 754 shares advanced against 132 declining shares on the BSE.

The Indian rupee opened lower by 8 paise at 64.64 per dollar versus previous close of 64.56.

"The markets are keenly watching the upcoming French elections, which should decide the future risk tone."

He expects the USD-INR currency pair to trade in the 64.50-64.80/dollar range for today.

The dollar remained weak against a basket of major currencies as the latest data on domestic jobless claims.

Asia markets were mostly higher today after a strong session in the US amid caution following a suspected terrorist shooting in Paris ahead of the first round of the presidential election at the weekend.

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