Equity Tips

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Equity Tips
Midcap outperforms Sensex; Reliance Capital, DHFL, BEML most active

Equity benchmarks opened mildly lower on profit booking Tuesday after the rally in three consecutive sessions.

The 30-share BSE Sensex was down 33.86 points at 32,599.78 and the 50-share NSE Nifty fell 15.10 points to 10,215.80.

Axis Bank, Reliance Industries, GAIL, Bajaj Auto, Yes Bank, IOC and Bharti Airtel were early gainers while Wipro, Bajaj Finance and BPCL were losers.

DCB Bank, JM Financial and Colgate were down 1.5-2.5 percent.

Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European steel operations with those of ThyssenKrupp.

HDFC Standard Life Insurance Company has received capital markets regulator Securities and Exchange Board of India (SEBI)'s go ahead to raise an estimated Rs 7,500 crore through an initial public offering.

The insurance firm had filed draft papers with SEBI in August and obtained its "observations" on October 13, which is very necessary for any company to launch public offer, latest update with the markets watchdog showed.

The rupee dropped by 15 paise to 64.89 against the US currency today, breaking its six-day winning streak.

A spurt in dollar demand from importers amid sustained foreign fund outflows weighed on the rupee.

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