Life @ TradeIndia Research

Monday, 16 January 2017

Equity Tips- Sensex, Nifty open Lower

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."

No comments:

Post a Comment

Commodities are powered by India