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Sunday, June 18, 2017

Equity Tips

Sensex strong on global cues; Midcap flat despite positive breadth

Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues.

The 30-share BSE Sensex was up 126.50 points at 31,182.90 and the 50-share NSE Nifty rose 33.70 points to 9,621.75 while the broader markets gained half a percent

The market breadth was strong as about three shares advanced for every share falling on the BSE.

Dredging Corporation surged 4 percent on stake sale buzz while Hathway Cable gained 7 percent ahead of its subsidiary IPO launch.

Jayant Agro, Indian Hotels, Hume Pipe, Ujjivan Financial and Cadila Healthcare gained 2-4 percent while Amtek Auto, Videocon Industries and Lanco Infratech fell 4-6 percent.

The Indian rupee has opened flat at 64.42 per dollar against Friday's closing value.

USD-INR pair in absence of any directional cues and expects it to continue to trade in a range of 64.20-64.80/dollar.

Asian bourses traded in the green as markets geared up ahead of Brexit negotiations between the UK and the European Union, and as French President Emmanuel Macron's party won a parliamentary majority at the weekend.

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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