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Monday, 13 June 2016

Market Opening News: Nifty Opens Below 8100, Sensex Sinks Over 200 pts

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Dragged by world cues the market has opened with severe cuts. The bully is down below 8100. The 50-share index is down seventy two.75 points or zero.9 % at 8097.30 whereas the Sensex is down 246.12 points or zero.9 % at 26389.63. ICICI Bank, SBI, Tata Motors, BHEL and Tata Steel square measure losers whereas Dr Reddy's Labs and HDFC Bank square measure gainers within the Sensex. The Indian monetary unit opened lower by eighteen paise at sixty six.94 per dollar on Monday versus sixty six.76 Friday. Pramit Brahmbhatt of truthfulness same, "Weak world cues can place pressure on the rupee and it's possible to the touch 67/dollar levels." "We expect the USD-INR combine to interchange a variety of sixty six.50-67.20/USD these days," he added. Brexit worry is resulting in nervousness whereas risk-off plays enter world markets. kingdom can vote on June 23 on whether or not to depart the ecu Union. Asian markets were sharply lower morning, before financial organization conferences within the USA and Japan in the week. The Federal Open Market Committee can begin a two-day policy meeting on June 14, with several market watchers not expecting a rate hike once a sharply lower-than-expected USA jobs report forged contemporary doubts over the economy's health.

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