Tuesday, 26 July 2016

Indian Market View: Nifty Opens Above 8600, Sensex Firm



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The market has opened flat on Tuesday with the bang-up holding 8600. The 50-share index is down 1.90 points at 8633.75 and also the Sensex is up 25.61 points at 28120.95. regarding 264 shares have advanced, seventy five shares declined, and twenty one shares ar unchanged. 
GAIL, Cipla, Tata Steel, BHEL and ONGC ar prime gainers whereas HDFC, Lupin, ICICI Bank, Dr Reddy's and Axis Bank ar losers within the Sensex. The rupee opened marginally lower at 67.41 per greenback against previous shut 67.35. The greenback slipped before the North American nation Federal Reserve's two-day policy meeting that begins anon Tuesday, whereas the yen gained on hopes that the Bank of Japan can ease later in the week. 
Ashutosh Raina of HDFC Bank same, "US greenback has been gaining against most of the key and EM currencies, when some positive information. 
The USD-INR try has additionally come back removed from recent highs when concisely commercialism below 67/dollar levels and after subsidence within the 67-67.50/dollar vary." Among international markets, Asian markets slipped causation the safe-haven yen higher before financial organisation conferences within the us and Japan, whereas a recent skid in oil dampened energy stocks on Wall Street.

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