Pegging the Sensex target at 29,000 for December-end 2017,
global financial services major Bank of America Merrill Lynch (BofA-ML) said
Indian equity markets should deliver positive returns in the year despite
uncertainties created by demonetisation and GST.
The market has opened flat Monday as the Sensex is
down 2.82 points at 27235.24. Equity Tips- The Nifty is down 9.40 points or 0.1 percent at
8390.95. About 283 shares have advanced, 160 shares declined, and 183 shares
are unchanged.
Coal India, HDFC Bank, Tata Motors, Lupin and Hero
MotoCorp are top gainers while Infosys. Cipla, ICICI Bank, NTPC and Asian
Paints are losers in the Sensex.
The Indian rupee opened lower by 8 paise at
68.23 per dollar versus 68.15 Friday.
"The USD will trade with a positive bias
considering weak cues from global as well as domestic equity market. The
trading range for spot USD-INR pair will be 68-68.50/dollar."
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