INDIAN EQUITY MARKET OUTLOOK - 27 Dec 2016

Nifty eyes 7950, Sensex steady; Bharti, Hero, Maruti laggards

The market is still in green on support from few index heavyweights. The Sensex is up 59.45 points or 0.2 percent at 25866.55, and the Nifty up 15.90 points or 0.2 percent at 7924.15. About 830 shares have advanced, 870 shares declined, and 100 shares are unchanged.

Cipla, Sun Pharma, Adani Ports, Lupin and TCS are top gainers whule Bharti Airtel, Hero, GAIL, Maruti and Bajaj Auto are losers in the Sensex.

The Indian rupee slipped in the early trade on Tuesday. It has opened lower by 10 paise at 67.84 per dollar versus 67.74 Monday. Ashutosh Raina of HDFC Bank said, "The year-end markets are very low on liquidity and continue to trade in a tight range with the dollar index hovering around 103 levels."

The dollar index held steady around the 103 mark, also Iranian rial hits record low against US dollar in a sign of concern about the country's ability to attract foreign money after US president-elect Donald Trump takes office.

Asian stocks were little changed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays.

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

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