Sunday 17 January 2016

Equity Research Lab:- Sensex, Nifty open flat; Wipro falls 1%, bank stocks gain


ICICI Bank, Maruti, SBI, Sun Pharma and L&T are top gainers while Adani Ports, Wipro, ONGC, Hindalco and BHEL are losers in the Sensex.

The market has opened flat as the Sensex is down 16.96 points at 24438.08. The Nifty slips 12.50 points at 7425.30. About 225 shares have advanced, 417 shares declined, and 61 shares are unchanged.

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ICICI Bank, Maruti, SBI, Sun Pharma and L&T are top gainers while Adani Ports, Wipro, ONGC, Hindalco and BHEL are losers in the Sensex.

The Indian rupee slipped to a fresh two years low. It has opened lower by 10 paise at 67.70 per dollar versus 67.60 Friday.

The rupee fell to a fresh over two-year low on Friday against the US dollar. It was down 1.45 percent last week, which is biggest weekly decline since week ended August 14, 2015. The safe haven yen got off to a flying start today as Asian equities tumble following a big selloff on Wall Street. The dollar index slipped below the 99 mark.

Asian markets opened sharply lower this morning following a big selloff on Wall Street. Japan’s Nikkei touched its lowest levels in nearly a year. The Chinese central bank set yuan mid-point at 6.5590/$ while the safe-haven yen got off to a flying start.

Gold prices surged Rs 340 to hit over two-month high of Rs 26,550 per ten grams at the bullion market today, taking positive cues from global market amid pick up in buying by jewellers to meet wedding season demand.




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