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Equity Tips
Sensex gains 100 pts, Nifty reclaims 10,000; Jewellery stocks rally

Equity benchmarks as well as broader markets were flat in opening trade despite positive Asian cues.

The 30-share BSE Sensex was down 12.67 points at 31,801.55 and the 50-share NSE Nifty fell 7.90 points to 9,971.80.

Most Asian markets traded higher as investors in Asia digested the release of China Caixin services PMI.

The S&P/ASX 200 rose 0.66 percent on broad-based gains across its sub-indexes. The Shanghai Composite surged 1.24 percent, shrugging off lackluster services data.

The rupee went up 6 paise to 65.31 against the dollar today after the US currency found no takers among exporters and banks.

The dollar losing sheen against other currencies overseas supported the local unit, traders said. A higher start in domestic equities added to the upside, they added.

On Friday, the rupee had depreciated by 24 paise to end at 65.38 on persistent demand for the American currency from importers.

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