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Equity Tips

Sensex, Nifty hold on to morning gains; Infosys continues upmove; HUL down 1%

Frontline indices began on a positive note, with the Nifty opening above 10,350-mark. Midcap index was trading at a record high, but at par with the benchmarks.

The Sensex was up 70.74 points at 33658.82, while the Nifty is up 23.00 points at 10371.80. The market breadth was positive as 641 shares advanced, against a decline of 227 shares, while 33 shares were unchanged.

Bajaj Auto, Cipla and Bharti Infratel gained the most on both indices, while HUL, Asian Paints, Zee Entertainment and HPCL were the top losers.

The Indian rupee opened flat at 64.58 per dollar on Friday versus previous close 64.58.

"The dollar had lost some sheen yesterday after FOMC minutes cautious about inflation. In Indian markets, the rupee gained on the hopes of a favourable S&P decision after Moody's upgraded India ratings."

"Expect USD-INR pair to trade within a range of 64.50-64.70 today with a further appreciation bias."

Asian markets were mixed, following a relatively quiet overnight trading session as U.S. markets had been closed for the Thanksgiving holiday. Investors also kept an eye on Chinese markets, which bounced back after taking a tumble in the last session.

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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