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Monday, May 29, 2017

Equity Tips

Nifty holds 9600 amid consolidation; NTPC soars 4%, BHEL tanks 10%

Equity benchmarks started off Tuesday's trade on negative note due to profit booking after rising for three consecutive sessions.

The 30-share BSE Sensex was down 8.56 points at 31,100.72 and the 50-share NSE Nifty fell 9.50 points to 9,595.40.

L&T, M&M, NTPC, GAIL, Tata Motors, Aurobindo Pharma, Tech Mahindra, IOC and Adani Ports were early gainers while BHEL, Coal India, TCS, SBI, Bharti Airtel, BPCL, Power Grid and Vedanta were losers.

The rupee opened at 64.63 to the dollar, down 0.2 percent from its previous close. On Monday, the rupee closed marginally weaker against the dollar at 64.50.

Dollar index has firmed up a bit on the basis of political uncertainties in Europe. He said the USD-INR pair has been in consolidation mode around 64.50 to the dollar and that the same trend is likely to continue.

USD-INR is expected to trade between 64.45 and 64.70 in the immediate term.

Shares indexes in Asia traded mixed, following a directionless session yesterday as major markets around the world were closed for various holidays.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


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